11/14/2023
Spain legislates for first EU AI Act regulatory sandbox
The Royal Decree also establishes the creation of an AI advisory committee made up of independent technical experts.
Government Regulation
11/14/2023
FCA shows ‘assertive and intrusive’ supervision in letter to wealth managers and stockbrokers
The FCA warned in its letter that it will consider in future engagement whether firms have taken appropriate action to rectify the root cause of any issues
11/13/2023
Legal challenge to Scotland’s rent cap rejected
The failed challenge means landlords will continue to be liable for increased damages for unlawful evictions of up to 36 months’ worth of rent.
11/13/2023
Higgs & Johnson Provides a Superior Client Experience
The Commercial practice was praised for its ‘capacity to service a mixed clientele
11/13/2023
Trends shaping Ireland’s hedge funds market
Other factors, including scrutiny of fund fees and costs, and recent macroprudential developments, are also set to shape the future development of the market.
11/10/2023
CTA regulations set to take effect in January 2024 with obligations for some private fund sponsors
All businesses with US entities (or foreign entities doing business in the United States) will be affected by the CTA requirements, which are by no means limited to fund sponsors.
11/10/2023
Paperless Listing Regime and Mandatory Electronic Dissemination of Corporate Communications: Impact on Bermuda, Cayman Islands and British Virgin Islands listed issuers
In respect of communications by means of a website, a holder is only deemed to have given consent that the issuer may send communications by means of a website in limited circumstances.
11/10/2023
Reserving powers under Guernsey Trusts Law
The person to whom powers have been reserved are often referred to as a protector
11/10/2023
Court of Appeal adds additional hurdle to pension trustees recouping payments
Pensions litigation expert Hayley Goldstone of Pinsent Masons described the decision as a “blow” to the PO’s enforcement powers and an “unwelcome inconvenience” for pension trustees.
11/09/2023
UK to move ahead with Automated Vehicles Bill
On safety, it has said the Department for Transport and its agencies will be given new powers to authorise the use of self-driving vehicles.
11/09/2023
Arbitration Bill tipped to underscore London’s position as leading arbitration hub
The Bill’s inclusion in the King’s speech means businesses can expect the draft legislation to be introduced before parliament during the course of the next parliamentary session, before the next UK general election.
11/09/2023
Why prenuptial agreements are increasingly popular among modern Asian families
As prenups are acknowledged by courts in many jurisdictions worldwide, they’re becoming much more accepted as a wealth protection tool and a lot less taboo.
11/08/2023
UKVI Account Update
eVisas are currently available to a number of migrants, such as those on the EU Settlement Scheme.
11/08/2023
King’s speech outlines UK’s pre-election legislative agenda
Proposed new legislation to update existing arbitration laws and provide for the independent regulation of football in England is also to be brought forward.
11/08/2023
Further changes to SMS updating requirements for employers
A failure to provide NINO details when replacing or amending details of Level 1 Users, Authorising Officers and Key Contacts may impact the outcome of the request.
11/08/2023
FCA fines Equifax Ltd £11m following 2017 cyberattack of US parent
Along with the ICO’s 2018 fine, the Final Notice provides a textbook example of what not to do in a cyberattack.
11/07/2023
IP rights holders urged to ensure UK address ahead of year-end deadline
This is because businesses are treated as not contesting proceedings raised in respect of their rights if they do not reply to the UKIPO’s correspondence within one month
11/07/2023
Understanding the reporting requirements for art holdings under the Corporate Transparency Act
The CTA's goal is to render shell corporations transparent by forcing disclosure of the identity of the natural person who controls or owns the entity.
11/07/2023
UK expands corporate transparency rules
While the regulations are expected to strengthen global confidence in legitimate businesses in the UK market, the benefits will not be without accompanying administrative burden.
11/07/2023
Walkers acts as Cayman Islands counsel to Tabby on its US$200 million series D equity financing
The company has 10 million users and works with over 30,000 brands, including 10 of the largest retail groups in the MENA region.