11/06/2023
Long-awaited HMRC restructuring plan guidance issued
HMRC said it would also expect companies seeking a restructuring plan that are part of a wider group to “have reasonably apportioned debt or risk within the group”.
Government Regulation
11/06/2023
FCA’s ‘money mules’ review flags AML focus areas for payment account providers
Money mules are individuals recruited by criminals to facilitate the transfer of unlawfully obtained funds.
11/06/2023
Insurance brokers body launches ‘Fair Value Framework’ amid FCA criticism
Participation in the framework is voluntary and is intended to help insurance brokers to implement or refine their fair value models in a way that suits their customers’ needs.
11/03/2023
Changes to Jersey's Probate Law
Banks and other financial institutions should familiarise themselves with the new requirements.
11/03/2023
Irish insider trading conviction shows commitment to combat market abuse
An investigation conducted by the Garda National Economic Crime Bureau (GNECB), with the assistance of the Central Bank, found that these transactions were influenced by protected information concerning the company's future.
11/02/2023
Update to the Probate (Jersey) Law 1998 - Probate (Amendment) (Jersey) Law (The PJL)
The Amendment provides for new arrangements relating to the management of movable estate
11/02/2023
Court refuses application for Leave to appeal judgment ordering disclosure to limited partners of a Cayman Islands exempted limited partnership
This dismissal of the application for leave to appeal the SJA Judgment reaffirms the very limited scope that a general partner has to refuse disclosure under section 22
11/02/2023
Central Bank publishes a consultation paper on ELTIF chapter for the AIF Rulebook
The Consultation Paper proposes details of a new ELTIF chapter in the Central Bank's AIF Rulebook
11/02/2023
How policy affects the employment of migrant workers around the world
As well as tapping into local talent pools, many governments take action to attract people from other countries
11/01/2023
Getting closer to CLOs
Guernsey offers similar tax, legal and regulatory advantages and should be an attractive alternative
11/01/2023
Navigating fund management licensing in Singapore, Hong Kong and Japan
Drawing insights from leading funds lawyers across these countries
11/01/2023
English court rules against single claim form for thousands of claims
The claimants said that, under Civil Procedure Rule (CPR) 7.3, it was possible to bring all of their claims against a given finance company in a single claim form.
10/31/2023
Tokenisation: The blockchain revolution for funds
Although this is a developing area, many billions of assets under management have already been tokenised.
10/31/2023
Equal pay claim risk from UK bankers’ bonus cap reversal, says expert
The two regulators issued a joint policy statement confirming the change, following an earlier consultation exercise.
10/31/2023
[A]I put a spell on you…what can modern AI regulators learn from the UK Witchcraft Acts?
The Enlightenment saw a sea change in the approach to regulating the occult.
10/30/2023
Corporate Transparency Act Creates a Reporting Requirement for Many Family Businesses
The purpose is to prevent bad actors from using US entities.
10/30/2023
Journalists in the family courts: the best interests of the child are not a trump card
Ms Tickle appealed to the High Court.
10/30/2023
Inflexion and Allen & Overy partner to drive growth of aosphere business
aosphere serves over 725 blue-chip clients including banks, asset managers and corporates
10/30/2023
The UK government environment duty
A failure to comply with the duty amounts to an unlawful action, which can be challenged by way of judicial review.
10/30/2023
Helsinki UPC ruling a warning to businesses on European patent opt-outs
Opt-out strategies remain an important and much discussed topics for businesses that may wish to engage in patent litigation in Europe.