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

Company law update in China impacts foreign-invested enterprises

This reflects the needs of economic development and changes in the market environment in recent years.

Broad building safety levy threatens housing supply, says expert

The funds gathered from the levy are intended to be used to help fund remediation works to existing residential buildings where safety defects have been identified.

New UAE competition law ushers in new era for merger control

The new law will impact entities operating in or looking to do business in the competitive landscape of the UAE.

EU bodies agree deal on expanding reach of AML rules

The deal seeks to enhance the EU's ability to fight money laundering, the financing of terrorism and evasion of sanctions.

BVIFARS Portal - Live January 2024

Starting 1 June 2024, payment must be made by 1 June each year through the BVIFARS portal by direct debit, Visa, ATH or Master Card.

New Jersey Enacts Privacy Law

The Privacy Act applies to controllers of personal data that conduct business in New Jersey

ICO’s generative AI guide underlines data-scraping compliance risks

Technology law expert Sarah Cameron said: “AI developers need to be aware, in particular, of the risk of copyright infringement."

Proposals to reform EU FDI Screening Regulation imminent

The proposal to reform the EU FDI Regulation comes off the back of the EC’s reports highlighting that

Immigration and Nationality fee increases to begin October 2023

The new fees come into effect from 4 October 2023.

EU Removes the Cayman Islands from EU AML List: Considerations for Clients

The Regulation will come into force on 7 February 2024, resulting in the official de-listing of the Cayman Islands from the EU AML List on such date.

Bitcoin ETF approvals come with stark warning from SEC Chair

Cryptocurrency enthusiasts hope this decision signals a broader adoption of cryptocurrency in the United States.

Ruling confirms conditions for planning permission severability

It can be advantageous for developers to have planning permission that is severable

Crown Dependencies Retain Data Protection Adequacy Status

The adequacy decisions under review were initially made on the basis of data protection legislation preceding the GDPR

Central Bank of Ireland Letter on 2022 ESMA Common Supervisory Action on Asset Valuation

The Letter should be brought to the attention of the boards of FMCs and appropriate action taken without delay.

Cohabiting couples: is reform on the horizon?

The current legal position for cohabitating couples can leave one party at a significant disadvantage and vulnerable on separation.

Supporting clients to seize Korea’s substantial opportunities

Through the JV, the team will be able to provide integrated Korean and cross-border transactional and advisory legal advice to clients

Housing policy must better reflect economic and social reality in 2024

The current broad framework promoting housing delivery is primarily shaped around the concept of home ownership.

UK Pensions Regulator’s new code of practice offers more flexibility for schemes

The changes will likely take time to implement

EU court rules on VAT treatment of director fees

The VAT authorities already open the door for introduction of claim to obtain the reimbursement of the VAT wrongly paid.

ESMA consults on EU securitisation disclosure templates

UK regulators the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), previously consulted on new UK rules for securitisation transactions

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