07/25/2023
Distributions, share purchases and redemptions under the BVI Business Companies Act
This guide examines the key aspects of distributions, share purchases and redemptions by a BVI company under the Act.
Government Regulation
07/25/2023
No More Class Meetings for Hong Kong Listed PRC Issuers in Repurchasing or Issuing Shares
In response, HKEX maintained that the class distinction between domestic shares and H shares is removed following the repeal of the Special Regulations and the Mandatory Provisions.
07/24/2023
India Youth Mobility Scheme (YMS) Second Ballot – July 2023
Indian citizens between 18 and 30 years of age can enter the ballot, providing they meet the relevant criterion.
07/21/2023
The Rule in Houldsworth: Cayman Court weighs in on century-long debate regarding the admissibility of shareholder misrepresentation claims in a liquidation
In reaching this decision, the Grand Court departed from the decision of the House of Lords in Houldsworth v City of Glasgow Bank.
07/21/2023
SEC Adopts Amendments to Rules Governing Money Market Funds
The SEC’s actions are a response to the outflows experienced by certain types of MMFs in March 2020
07/20/2023
Letter highlights FCA’s concerns over ‘high-risk nature’ of cryptoassets
The FCA said it anticipated this being the method used by most cryptoassets businesses, but reminded cryptoassets firms that it is not its role to work with applicants to prepare their applications for registration.
07/20/2023
Proposed Irish Tax Measures to Apply to Outbound Payments
The proposals have been developed in the context of the OECD BEPS process and the recommendations of the European Commission that EU Member States take actions to reduce aggressive tax planning.
07/20/2023
UK government announces significant immigration fee rises
These fee changes should be taken into consideration by UK employers, who will need to reconsider their budgets for the recruitment of foreign workers.
07/20/2023
Changes to Law on Flexible Working
The new law will also require employers to respond within two months, ensuring decisions are reached more quickly, and consult with the employee before refusing any request.
07/19/2023
Regulation of financial platforms and crowdfunding in Guernsey
All businesses that provide or platform and intermediation business, in or from within the Bailiwick of Guernsey (“Guernsey”) will need a Part IV Licence unless an exemption applies.
07/19/2023
FCA publishes a draft Rule Review Framework
The FCA explains how it plans to monitor and review how its rules are working in practice.
07/19/2023
Ruling gives clarity on assessing cumulative carbon emissions from infrastructure development
The judge added that compliance with such independent guidance does not of itself demonstrate compliance with the environmental regulations.
07/19/2023
National security and investment regime spurring fewer UK notifications than anticipated
Paul Williams of Pinsent Masons, a specialist in competition law and merger control, said data disclosed in the annual report highlighted that the NSI regime is working well for straightforward notifications.
07/18/2023
Regulation of financial firm business in Guernsey
Carrying out any of these activities without a Part III FFB Licence or an applicable exemption is a criminal offence.
07/18/2023
The impact of Luxembourg’s new law on alternative investment funds
Additional changes have been made to the rules around liquidation, tweaks to the establishment formalities for certain RAIFs, and harmonisation of distribution of foreign funds in Luxembourg.
07/17/2023
DC pension scheme ‘value for money’ framework moves closer
To inform grading, DC scheme providers will be obliged to obtain, publish, and then assess data concerning investment performance, costs and charges, and quality of services in what will be a major disclosure and compliance exercise.
07/17/2023
Access to Company Information and Documents under the BVI Business Companies Act
In addition, certain documents filed with the BVI Registrar are or may be available, depending on whether the BVI Company has elected to file such documents.
07/17/2023
Attorney Yong-Moon Kim of Dentons Lee participated in a discussion on “Problems with Amendments
Kim also expressed his opinion that a more careful and multifaceted deliberation is needed to resolve the structural duality and polarization issues suffered by the Korean labor market.
07/17/2023
Made In Italy Bill: focus on intellectual property
Firstly, the bill introduces the possibility for institutes and cultural sites to register their trademark and to grant the use of the same mark to third parties for a consideration.
07/14/2023
EU completes securitisation regulatory ‘jigsaw’ with final risk retention technical standards on risk retention
Securitisation regulation expert Katie McCaw of Pinsent Masons described this “long-awaited” development as one of the final pieces of the EU securitisation regulatory “jigsaw”.