12/04/2023
FCA proposes guidance on financial services anti-greenwashing rule
The guidance is set to provide clarification of its expectations for firms that makes claims about the sustainability of a product or service.
Government Regulation
12/04/2023
Isle of Man Trusts and Trustees Act 2023 Update
Where a trustee is entering into a transaction with a third party as a trustee, and has informed that third party in writing that it is transacting as a trustee, then the trustee’s liability is limited to the value of the trust property.
12/04/2023
Guernsey funds legal and regulatory update December 2023
The Registry has issued a template for LP Incs to use when submitting their particulars of governance
12/01/2023
European Commission allocates €800 million for first Hydrogen Bank auction
The Innovation Fund has also opened its 2023 call for proposals with a €4 billion budget available for cutting-edge decarbonization technologies in various sectors, including CleanTech manufacturing.
12/01/2023
FCA publishes rules on sustainability disclosures
The Policy Statement covers investment labels, naming and marketing requirements as well as requirements for distributors in addition to the anti-greenwashing rule.
12/01/2023
Cooley Ranked #5 Overall on Law360 Law Firm Leaderboard
Firm ranked among top five for third consecutive year
11/30/2023
A Vision for Family Justice in England and Wales – we are at a crucial turning point
It's time to reconfigure our family justice system to suit all families facing relationship breakdown and to provide families with broader support, not just legal advice and advocacy.
11/30/2023
Worker Protection (Amendment of Equality Act 2010) Bill receives Royal Assent in the UK
The amended law also provides employment tribunals with the power to increase compensation to claimants by up to 25% where an employer is found to have breached the new law.
11/30/2023
The UK’s General Anti-Abuse Rule (GAAR)
Decisions on the application of the GAAR must be taken by a designated HMRC officer, who will be a senior HMRC officer.
11/30/2023
Frozen Crypto Assets and a Dissolved Company: The EC Court of Appeal’s Application of Convoy Collateral
Applications for service outside of the jurisdiction may therefore be obtained for contemplated claims against dissolved entities.
11/29/2023
New National Minimum Wage rates announced for 2024/2025 in the UK
A key change is the lowering of the threshold for the NLW to 21 (it is currently only payable from the age of 23).
11/29/2023
Autumn Statement 2023: Chancellor unveils more stringent payment term requirements under public procurement rules
Newly-published guidance on the PPN (14 pages / 196KB PDF) explains how government departments must assess a bidder’s payment systems
11/29/2023
UK Economic Crime and Corporate Transparency Act 2023 given Royal Assent
The new law will also extend the scope of corporate criminal liability and large organisations will be subject to a new offence of failure to prevent fraudulent activity by employees or agents.
11/29/2023
FCA announces sustainability disclosure requirements (SDR) policy
The FCA had consulted on introducing such proposals last winter.
11/28/2023
Correcting trustee mistakes: Hastings-Bass in the Cayman Islands
The rule in Hastings-Bass1 is a traditional equitable jurisdiction of the court to set aside the exercise of fiduciary powers on the grounds of inadequate deliberation.
11/28/2023
Changes to the Probate (Jersey) Law 1998
The new Law has expanded the scope of this so-called "small estates exemption" considerably.
11/28/2023
Pensions disputes: Check member records thoroughly when complaints made
The member had complained that changes to the presentation of annual reports from the provider made identifying these issues and making comparisons more difficult.
11/28/2023
Irish law means more screening of corporate transactions
The Act is designed to address security and public order concerns arising from foreign investment and to equip the state with powers to monitor and respond to potential threats.
11/28/2023
German Federal Cartel Office gains stronger powers of intervention with amended competition law
The most important reforms include new powers that enable the Federal Cartel Office (FCO) to intervene in highly concentrated markets.
11/28/2023
Security policy supports shift to cloud in the UAE
The policy also sets out requirements, for both cloud customers and CSPs, for compliance self-assessments against the policy requirements and annual reporting.