08/31/2023
Members’ schemes of arrangements in the Cayman Islands no longer must satisfy the ‘headcount test’
The amendment to section 86 of the Companies Act was gazetted on 21 October 2021 and came into effect on 31 August 2022
Government Regulation
08/31/2023
Online marketplace liable for Manhattan Bridge image copyright infringement
The EU law considered by the CJEU in that case has since been supplemented by a new Digital Single Market (DSM) copyright directive, which contains specific provisions governing platform liability.
08/31/2023
Effective compliance functions – The difficulty in filling compliance roles
The repercussions of non-compliance, including reputational damage and substantial monetary fines, make it crucial to resource these roles adequately.
08/30/2023
Directors’ Duties: The Next Chapter
This may mean taking advice in relation to ceasing to trade
08/30/2023
Key Benefits of Cayman Islands Structures
Whilst offshore vehicles are used for a wide variety of different purposes globally, there are a number of common factors which feed into the success of the Cayman product.
08/30/2023
Businesses can learn from Airbnb data protection reprimand
Airbnb is an online platform that brings together people looking to book private accommodation with ‘hosts’ – people who own or manage such accommodation who are willing to rent it out.
08/30/2023
CMA consults on deeper British housebuilding market investigation
The CMA’s housebuilding market study was originally prompted by “concerns that builders are not delivering the homes people need at sufficient scale or speed”.
08/30/2023
Effective compliance functions – The difficulty in filling compliance roles
The repercussions of non-compliance, including reputational damage and substantial monetary fines, make it crucial to resource these roles adequately.
08/30/2023
Prepare now for DORA, financial entities and IT providers advised
The DORA package, initially proposed by the European Commission in September 2020, consists of both a regulation and a directive.
08/29/2023
Group restructurings to be simplified with new Dutch law
It will also be possible for Dutch capital companies to convert into a capital company of an EU Member State.
08/29/2023
Updates to the Australian offshore wind regulatory regime
Consultations on the Illawarra, NSW offshore wind zone and the Southern Ocean offshore wind zone have started and will close on 16 October and 31 August respectively.
08/29/2023
Trustee Decision-Making and the Role of the Court: 'Blessing' Applications
This Guide provides an overview of 'blessing' applications and how and when a trustee may obtain the court's assistance.
08/29/2023
COP28 Explore
With the devastating physical effects of climate change making themselves only too evident this summer, we can expect two weeks of heated discussions and gruelling negotiations.
08/28/2023
What documents and records must a BVI company keep?
This guide examines the documents and records that must be kept by a BVI company limited by shares that does not carry on a regulated activity.
08/28/2023
H1 2023 populated by ESG Sukuk featuring offshore centers
In this Country Correspondent Report for Islamic Finance News ("IFN"), Manuela Belmontes and Barbara Kramarz discuss the increase of ESG- linked Sukuks that feature offshore centres.
08/28/2023
EU Sustainable Batteries Regulation: Essential actions for sourcing and manufacturing in a sustainable manner
The Sustainable Batteries Regulation, which imposes both legal and technical obligations, applies to all categories of batteries
08/25/2023
Amendments to legislation administered by the Guernsey Registry
The amendments should also achieve operational efficiencies for the Registry benefitting those using its services.
08/25/2023
AML update: consultation on amendments to the AML/CFT/CPF Handbook
In this update, we set out the JFSC's proposals to add new and expanded guidance notes across the Handbook and to add a new code of practice in respect of politically exposed persons.
08/25/2023
PTC update: clarification of application of NPTO
These developments provide welcome clarification in respect of the application of the "as a business" test to PTCs, and other corporate bodies, acting as a trustee of an express trust.
08/25/2023
Private investment funds in the BVI
The licensing process for private investment funds is reasonably straight forward and typically dealt with within a couple of weeks of filing the licence application.