07/12/2021
Digital nomads: working inside the UK
If a business has permanent establishment in the UK, this will not just affect the corporate tax position but could also give rise to other compliance obligations.
Government Regulation
07/12/2021
MALTA: Cabinet approves extension of commercial court’s competence
Government takes up suggestion made by judge Joseph Zammit McKeon
07/09/2021
Court refuses to sanction Part 26A restructuring plan
A restructuring plan under Part 26A of the UK’s Companies Act was proposed, under which the maturity date of the bonds would be extended, the capital amount due under the bonds would be reduced but the coupon would be increased.
07/09/2021
US Department of Justice: Cryptocurrency Fraudster Sentenced for Money Laundering and Securities Fraud in Multi-Million Dollar Investment Scheme
Trial Attorney C. Alden Pelker of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney William Frentzen of the U.S. Attorney's Office for the Northern District of California prosecuted the case.
07/09/2021
Russia to Introduce Rules for Confiscating Crypto: Report
The country's prosecutor general said crypto is increasingly used for bribes.
07/09/2021
Pension scheme arrangements clearing exemption extended to 2022
In respect of UK EMIR, pursuant to The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc.
07/09/2021
The Cayman Islands introduces economic substance requirements for partnerships
A Partnership in existence prior to 30 June 2021 must satisfy the test from 1 January 2022.
07/09/2021
Sustainable investment: Jersey's new anti-greenwashing disclosure requirements
Following consultation with relevant industry stakeholders, the disclosure requirements are a proportionate response to changes driven by evolving international standards in environmental, social and governance..
07/09/2021
On the Rise: Distributed Autonomous Organizations ("DAOs")
One of the risks with DAOs was the uncertainty as to how they would be treated under the legal system.
07/09/2021
Data protection watchdogs call for a ban on automated facial recognition in AI Act
In terms of governance, the Opinion stresses the need to clearly set forth the independent nature of the authorities tasked with supervising and enforcing the AI Act.
07/09/2021
EDPB Issues New Guidance on Storing Credit Card Data for Future Purchases
Online retailers storing credit card data for the sole purpose of facilitating further purchases will likely need to obtain consumer consent.
07/08/2021
Cannabis investments get the green light in Jersey
Pre-pandemic, the global cannabis market was booming
07/08/2021
Economic Substance: Bermuda Expands Regime to Include all Partnerships
The Economic Substance Amendment Act 2021, which became operative on 30 June 2021, has expanded the scope of the Bermuda economic substance regime to now include all partnerships.
07/08/2021
Financial firms: revise whistleblowing policies for ‘new world’ of work
Businesses in Germany with a works council will need to enter into a consultation process before making any changes to their policies in light of the directive.
07/08/2021
A Guide to the Steps to take if you inherit a property in Italy
If you make the decision to accept the inheritance it is strongly advised that you should instruct probate lawyers experienced in Italian succession law
07/07/2021
Spotlight on diversity and inclusion in a time of crisis
In other jurisdictions, governance change is also afoot, with the PIRC introducing gender quotas at board level in Germany, and NASDAQ proposing diversity quotas for its companies too.
07/07/2021
GCC Quarterly Review Q2 2021
The UAE Central Bank has issued two new regulations as to capital requirements.
07/07/2021
Agents should prepare for an increase in AML legislation due to Brexit
The UK recently decided to opt out of transposing the EU’s 6th Anti-Money Laundering Directive (6MLD) due to many of its requirements being already covered by existing UK law.
07/07/2021
Diligend and eVestment Align to Automate the Due Diligence Process
The platform enables one-to-one, periodic and ad-hoc data collection efforts which can be difficult to manage as the information is often tied to individual, static documents.
07/07/2021
China Considers Closing Loophole Used by Tech Giants for U.S. IPOs
Securities regulator working to change overseas listing rules