11/10/2023
Reserving powers under Guernsey Trusts Law
The person to whom powers have been reserved are often referred to as a protector
Government Regulation
11/10/2023
Court of Appeal adds additional hurdle to pension trustees recouping payments
Pensions litigation expert Hayley Goldstone of Pinsent Masons described the decision as a “blow” to the PO’s enforcement powers and an “unwelcome inconvenience” for pension trustees.
11/09/2023
UK to move ahead with Automated Vehicles Bill
On safety, it has said the Department for Transport and its agencies will be given new powers to authorise the use of self-driving vehicles.
11/09/2023
Arbitration Bill tipped to underscore London’s position as leading arbitration hub
The Bill’s inclusion in the King’s speech means businesses can expect the draft legislation to be introduced before parliament during the course of the next parliamentary session, before the next UK general election.
11/09/2023
Why prenuptial agreements are increasingly popular among modern Asian families
As prenups are acknowledged by courts in many jurisdictions worldwide, they’re becoming much more accepted as a wealth protection tool and a lot less taboo.
11/08/2023
UKVI Account Update
eVisas are currently available to a number of migrants, such as those on the EU Settlement Scheme.
11/08/2023
King’s speech outlines UK’s pre-election legislative agenda
Proposed new legislation to update existing arbitration laws and provide for the independent regulation of football in England is also to be brought forward.
11/08/2023
Further changes to SMS updating requirements for employers
A failure to provide NINO details when replacing or amending details of Level 1 Users, Authorising Officers and Key Contacts may impact the outcome of the request.
11/08/2023
FCA fines Equifax Ltd £11m following 2017 cyberattack of US parent
Along with the ICO’s 2018 fine, the Final Notice provides a textbook example of what not to do in a cyberattack.
11/07/2023
IP rights holders urged to ensure UK address ahead of year-end deadline
This is because businesses are treated as not contesting proceedings raised in respect of their rights if they do not reply to the UKIPO’s correspondence within one month
11/07/2023
Understanding the reporting requirements for art holdings under the Corporate Transparency Act
The CTA's goal is to render shell corporations transparent by forcing disclosure of the identity of the natural person who controls or owns the entity.
11/07/2023
UK expands corporate transparency rules
While the regulations are expected to strengthen global confidence in legitimate businesses in the UK market, the benefits will not be without accompanying administrative burden.
11/07/2023
Walkers acts as Cayman Islands counsel to Tabby on its US$200 million series D equity financing
The company has 10 million users and works with over 30,000 brands, including 10 of the largest retail groups in the MENA region.
11/06/2023
Long-awaited HMRC restructuring plan guidance issued
HMRC said it would also expect companies seeking a restructuring plan that are part of a wider group to “have reasonably apportioned debt or risk within the group”.
11/06/2023
FCA’s ‘money mules’ review flags AML focus areas for payment account providers
Money mules are individuals recruited by criminals to facilitate the transfer of unlawfully obtained funds.
11/06/2023
Insurance brokers body launches ‘Fair Value Framework’ amid FCA criticism
Participation in the framework is voluntary and is intended to help insurance brokers to implement or refine their fair value models in a way that suits their customers’ needs.
11/03/2023
Changes to Jersey's Probate Law
Banks and other financial institutions should familiarise themselves with the new requirements.
11/03/2023
Irish insider trading conviction shows commitment to combat market abuse
An investigation conducted by the Garda National Economic Crime Bureau (GNECB), with the assistance of the Central Bank, found that these transactions were influenced by protected information concerning the company's future.
11/02/2023
Update to the Probate (Jersey) Law 1998 - Probate (Amendment) (Jersey) Law (The PJL)
The Amendment provides for new arrangements relating to the management of movable estate
11/02/2023
Court refuses application for Leave to appeal judgment ordering disclosure to limited partners of a Cayman Islands exempted limited partnership
This dismissal of the application for leave to appeal the SJA Judgment reaffirms the very limited scope that a general partner has to refuse disclosure under section 22