- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

New law to enable Smithfield and Billingsgate repurposing proposed

The sites where Smithfield and Billingsgate markets are operated are run by the City of London Corporation

The UK's Online Safety Act – where are we a year on?

On 19 March 2024, practitioners witnessed the first conviction for cyberflashing under the act.

Department of Finance public consultation on exercise of AIFMD II national discretions

AIFMD II entered into force on 15 April 2024 and will need to be transposed by EU member states into their national law by 16 April 2026, at the latest.

Herbert Smith Freehills and Kramer Levin proposed combination to form a global M&A powerhouse

Kramer Levin adds 102 partners and 330 lawyers in total, with offices in New York, Washington D.C. and Silicon Valley.

Cayman Islands Exempted Limited Partnerships – when can limited partners bring claims on behalf of the partnership?

The Privy Council set out 11 principles relating to the right of LPs to bring a claim on behalf of the ELP.

Investment funds in the Cayman Islands

This guide will refer accordingly to 'mutual funds' and 'private funds' and give a general overview of both.

Linklaters Played Key Role in American Bankruptcy Institute’s International Matter of the Year: Restructuring of McDermott International

Linklaters drew on the firm’s market-leading restructuring teams in New York, London and Amsterdam to provide a seamless multijurisdictional solution.

New regulations reinforce Dubai’s progressive virtual assets landscape

The cryptocurrency market, which experienced a significant downturn with the collapse of FTX Trading Ltd in 2022

Enforcement of Foreign Judgments in The Bahamas

The first is legislative in nature and involves having a judgment recognized in accordance with the provisions of the Reciprocal Enforcement of Judgments Act, 1924.

Jersey to significantly increase compensation in employment cases

Despite having discrimination legislation in force since 2014, the reality is that very few cases have been heard by the Employment Tribunal

EMA to consult on biosimilars regulatory requirements in 2025

Currently, the EMA requires comprehensive scientific comparative efficacy studies to be carried out by biosimilar manufacturers

Saudi Arabia looks to ‘6G’ age with new regulations

Approval of the regulations comes ahead of the International Forum on Connecting the World from the Skies

The catch and kill of non-disclosure agreements? New UK guidance

It mirrors a recent emphasis too by the Financial Conduct Authority (FCA) who are increasingly prioritising work on non-financial misconduct

Advancing Virtual Asset Regulation in the Cayman Islands

In a welcome development, the Bill also seeks to introduce a streamlined licencing procedure and clearer measures for sandbox licence holders who wish to transition to full registration/licence.

Ireland updates maternity leave law and restricts use of NDAs

Employers should ensure that their employment policies and contracts are updated to comply with these most recent changes and that the issue of non-disclosure is addressed appropriately in any settlement.

High Court clarifies law on UK PLC investor FSMA claims

A separate right to sue arises if the company acted dishonestly in delaying the publication of information to the market and the investor can show they suffered a loss as a result.

Singapore introduces AI court rules

Not complying with the guide can lead to sanctions including costs, disregard of the evidence submitted and, if the court user is a lawyer, disciplinary action.

Scope of UK Takeover Code to narrow in 2025

Under the new regime, the Code will apply to companies that fall into two separate categories

UK Budget - reforms to APR and BPR, what now for the farming community?

These announcements came as a surprise to many in the farming and business community

ECCTA failure to prevent fraud considerations for UK and international businesses

Under the Economic Crime and Corporate Transparency Act 2023 (ECCTA), the new offence sets out to prevent frauds which are intended to benefit an organisation or an organisation’s clients.

Government Regulation