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Understanding Bermuda's proposed Payment Services Act: Licensing framework and next steps

The BMA intends to establish Class R as a separate licence class, to facilitate cross-border operations where home-state standards are equivalent.

Salary sacrifice, surpluses and inheritance tax: what the UK Budget means for your pension funds

Employers have time to evaluate whether to continue offering salary sacrifice, including for bonuses or redundancy payments.

Commission Delegated Regulations on Liquidity Management Tools for AIFs and UCITS

Both Regulations cover the same suite of liquidity management tools listed in Annex V to AIFMD and Annex IIA to the UCITS Directive.

The Benefit Entities Act 2025 - Bermuda

Under Bermuda's legislation, traditional companies that do not opt-in to become a benefit company will not be impacted in any way.

Navigating UK SIPP and DC pension changes: what fund managers and trustees need to know

These changes highlight the importance of trustee accountability, product governance and the transparency expected from fund offerings linked to pension assets.

OFAC Announces $4.7 Million Penalty on Real Estate Investor for Dealing in Blocked Property Linked to Russian Oligarch

This is by far the largest penalty OFAC

Dentons launches new Consumer Portal for clients

Enacted in May 2024, the DMCCA has been implemented in stages, with most of the consumer law provisions coming into force on 6 April 2025.

Restructuring in Japan is subject to stringent requirements

Redundancy termination is often a key component of global restructures, however, unilaterally terminating employees in Japan is subject to extremely stringent requirements.

Fact or fiction: the doctrine of fictional fulfilment in Jersey contract law

The Supreme Court reasoned that there were no English law authorities in support of the principle of fictional fulfilment.

UK data centres approved by parliament as ‘nationally significant infrastructure projects’

Baroness Taylor said: “Data centres produce significant heat; the technology exists to capture that and use it in district heating networks or to meet significant demand.

JBCC: avoiding payment issues under the PBA

There is also guidance for recalculating the cost based on work omitted, which is determined by using the same methods.

'Radical reset’ needed to simplify UK nuclear regulation, claims industry review

It found that the current regulatory environment around nuclear developments was overly complex

BVI Update: Initial Annual Financial Returns Deadline for Limited Partnerships

The first financial period that is in scope for BVI limited partnerships is 2025, i.e. for a limited partnership with a 2025 calendar year, the annual return will be due from 1 January 2026.

The Legal Profession Bill, 2025: Pending Changes to the Legal Industry in The Bahamas

The Bill was projected to come into force in the first quarter of 2025.

Navigating Philippine labour laws during a global restructure

The contractor must comply with the requirements involving substantial capital or investment, control, and registration under Philippine law.

Navigating a global restructure in China

Chinese law strictly limits the grounds for terminating employment.

VISU sanctions reporting in BVI due 30 November

The annual reporting obligation will be relevant to (among others) BVI funds holding underlying assets that are frozen

Court rules updated in the Qatar Financial Centre

The new court rules took effect on 4 June 2025.

UAE launches first bankruptcy court

Firms should review insolvency strategies, monitor implementation and seek guidance on these changes

Navigating Thai labour laws during a global restructure

Employers which are involved in a global restructuring that includes Thailand must consider the potential financial and legal implications when terminating employees

Government Regulation