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

Cross-border GDPR enforcement shake-up proposed

The proposals form part of new procedural rules envisaged in relation to the cross-border enforcement of the GDPR.

2023 Global M&A transactions show innovation thrives amid challenging conditions

Research shows that confident deal-making in turbulent times can deliver outsize returns

UK restrictions on Russia legal advice impacts in-house legal team

Sanctions expert Stacy Keen of Pinsent Masons said that while the purpose of the new legislation is clear, there is a risk of unintended consequences.

Italy issues new whistleblowing regulations

The new rules apply to private entities that have employed at least 50 workers in the last year.

Caveats to competition authorities’ powers on data protection matters, CJEU rules

In its judgment, the court also provided guidance on where the boundaries lie between the respective competencies of competition authorities and data protection authorities

Is your estate plan up to date?

Once the estate plan is complete, there is sometimes a tendency to put or save the executed documents somewhere safe and then not think about them again.

The imminent Consumer Duty and the FCA’s priorities

As the 31 July implementation deadline approaches, these are the key areas that the FCA is expected to focus its supervisory approach on.

Asset tracing and recovery: how tools in the Caribbean can help trace and recover assets in Asia

The sphere of asset tracing and recovery, particularly the extent of tools available around the world, is rightly attracting more attention in cross-border fraud and investigations.

Singapore considers including non-compete clauses in labour contracts

Currently, the enforceability of restrictive covenants are governed by common law in Singapore, and there are no statutes or official guidelines governing these clauses.

CMA sees new legislation as essential for UK economy in digital age

The CMA agrees with and supports the new competition rules for digital markets that the Bill will introduce, and anticipates the new regime will be “nimble and targeted”.

'Strata' Property: What are they and how do they work?

In the Cayman Islands, a strata property refers to a specific type of ownership where the individual units within a larger building or development are owned by the buyer.

Ruling tipped to increase cause of building defects disputes with insurers

In its ruling, the High Court considered the scope and effect of the CAR

New Civil Code makes doing business in Saudi Arabia more attractive

Some parties may wish to wait until the Code has some into effect to benefit from the greater certainty

The new Register of Foreign Ownership of Australian Assets

The new Register will subsume the existing residential land, agricultural land and water interest registers

Trustee Troubleshooting: Dealing with trust deeds that are no longer fit for purpose

While families grow and evolve, legislation is regularly revised and expanded upon and technology continues to develop at an incredibly fast pace, trusts often remain unchanged.

Comparison of Laws in the British Virgin Islands and the Cayman Islands Relating to Offshore Companies

For the sake of convenience, certain abbreviations are used, such as referring to “governmental approvals”, without specifying the particular body or its function.

EU data access plans promote open finance amidst PSD3 reforms

Specific reforms to EU payment services legislation have also been put forward by the Commission in a legislative package being referred to as ‘PSD3’.

FCA review of price and value assessments under the Consumer Duty

Firms relying on this approach would be well advised to ensure they have the data to support the position

Has the UK just reintroduced its 1.5% stamp duty charge on share issues?

The UK set up its stamp duty legislation so that when shares in a UK company are traded in CREST 0.5% stamp duty is collected on each trade (pedants look away now, this blog is not going to distinguish between stamp duty and SDRT!).

Practical Law Finance Global Guide 2023: Cayman Islands

Topics include forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements.

Government Regulation