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

UK Pensions Ombudsman to launch expedited decision-making for complaints

The new scheme is part of the PO’s ongoing ‘operating model review’ aimed at improving its current operating model.

Investors in West Africa face increased uncertainty

The ECOWAS Community Court of Justice is a crucial component of ECOWAS and has been essential to maintaining the rule of law in the region.

A Dismissal Without Just Cause Gives the Worker Right to Receive Compensation

He also highlighted that there are various reasons for firing employees, which implies their dismissal is subject to an authority, such as the Ministry of Labor or a judge in cases involving union jurisdiction.

Positive changes made to the approval process for the Bailiwick's primary legislation

The new procedure may be used where a Projet is deemed to be 'wholly relating to the internal affairs' of the Bailiwick.

Winding-Up Petition Struck Out, Joint Provisional Liquidators Discharged in Bermuda

The Company’s new board of directors (the “New Board”) was represented by Conyers.

CRS in the BVI – Obligations and enforcement

This update provides a summary of the obligations of BVI financial institutions (FIs) under the Common Reporting Standard (CRS), as well as the enforcement powers of the BVI International Tax Authority (the Authority).

Directors and agents of Luxembourg registered businesses face new disclosure obligation

The new requirement applies to any natural persons who are managers, directors, shareholders, partners, auditors, and authorised representatives or agents of companies registered with the RCS. It will be required for both existing and new filings.

Consumer Financial Protection Bureau Proposes New Restrictions on Mortgage Servicers Before Commencing Foreclosures

The proposed rule would require servicers to exhaust all loss mitigation options before initiating foreclosure proceedings

Dutch employment budget sets out significant changes to employment law

The government announced it would explore options for employers and municipalities to make agreements on short-term or temporary housing and facilities for their employees.

New sexual harassment laws - are you ready?

More or different steps may be needed over time, so the employer's efforts should be reviewed and updated regularly.

The Code of Practice on dismissal and re-engagement - What should employers take from the Supreme Court's decision in the Tesco case?

Many employers have adjusted the wording of their template contracts in response to the cases on permanent health insurance

Maples Group Selected to Support US$100 Million Amplify Growth Fund

The Maples Group is providing a host of fund services to the Amplify Growth Fund, a fund targeting US$100 million in capital to support MENA-based companies.

Maples Group Agrees Three Year Sponsorship Extension with St. Mary’s College RFC

The new agreement, which commences in September 2024, will see the Maples Group brand continue to appear on the front of the senior men’s team jerseys

Judge Partially Blocks DOT's DBE Program

He remarked on the ruling's significance, highlighting it as the first to suggest plaintiffs might succeed in proving the program unconstitutional because of its race and gender-based criteria.

Financial Institutions asset management update Q2

The FCA is leading work on updating principles for the valuation of CISs

Property rights in digital assets provided for in ‘landmark’ Bill

The Bill is designed to formally recognise the potential for property rights to subsist in ‘things’

Early detection key to addressing the increasing risks of auto-enrolment

There is often some misalignment between employment contracts, employment practice and what is actually paid to the workplace pension by way of contributions.

Enforcing debts in the Cayman Islands and BVI which are subject to an arbitration clause

The Grand Court distinguished the English case law authorities relied on by the Company

Property rights in digital assets provided for in ‘landmark’ Bill

The Bill does not provide definitely that all ‘things’ constitute property

Telecoms providers must ensure transparency following ASA ruling and Ofcom guidance

Ofcom’s initiative is part of a broader effort to enhance transparency and consumer protection across the telecommunications sector.

Government Regulation