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Government Regulation

08/23/2024

Singapore ruling highlights employers’ duty to use contractual discretion reasonably

Crucially, the ruling underscored an implied duty for the employer to act reasonably and in good faith when exercising their contractual discretion.

08/22/2024

Greater focus on pay equity and transparency under new Labour government

The infrastructure sector reported the biggest pay gap of 21.4%, when compared against the financial services, energy, manufacturing, universities and telecommunications sectors.

08/22/2024

Texas Court Issues Nationwide Injunction Striking Down the FTC Noncompete Ban

Due to its nationwide scope, this injunction means the Final Rule will not take effect on September 4, 2024, as planned.

08/22/2024

US Banking Agencies Are Ramping Up Scrutiny of Bank-Fintech Partnerships

The Joint Statement highlights several “elevated risks” when using third-party arrangements

08/22/2024

US DoD Proposes Final Rule to Incorporate Contractual Requirements for the Cybersecurity Maturity Model Certification (CMMC)

The CMMC 2.0 program provides a framework for assessing contractor implementation of cybersecurity requirements and enhancing the protection of unclassified information within the DoD supply chain.

08/22/2024

Recent fines put Australian employers’ long service leave obligations in the spotlight

Employers should have comprehensive processes and procedures in place to ensure they are paying employees their full legal entitlements

08/22/2024

Dentons UK, Ireland and Middle East region retains 78% of UK trainees and solicitor apprentices

Dentons Middle East has retained 100% (2 of 2) of the trainees who have trained as England & Wales solicitors in the Middle East.

08/21/2024

Drawing on multidisciplinary legal capabilities to help our clients to realise their strategic ambitions

Eversheds Sutherland advises Keltbray on the sale of its Infrastructure Services Business

08/20/2024

What Steps Should a Cayman Fund Take to Comply with the New Cayman Beneficial Ownership Regime?

That information needs to be provided by a contact person that is registered or licensed under a regulatory law[1] and within 24 hours or at such other time as the Authority may specify.

08/20/2024

Hong Kong's competition law makes further headway as the first case of alleged abuse of market power goes to trial

A blunt test that looks at market structures or market share is not sufficiently nuanced and will lead to arbitrary enforcement.

08/20/2024

FCA fines auditor for failing to flag fraud suspicions

This is the first time the FCA has fined an audit firm.

08/19/2024

UK competition law investigations: What are the CMA's new powers?

Where the CMA provides investigative assistance to an overseas regulator, the general principle to be applied is that the CMA must use the powers it would normally exercise in relation to its own functions.

08/19/2024

EU sanctions extended to non-targeted persons and aligned with US ‘ownership’ test

The guidelines are important for EU operators in the complex landscape of sanctions compliance.

08/16/2024

Luxembourg: A Flexible EU Securitisation Regime

Luxembourg has long been a preferred jurisdiction for securitisation transactions with one of the more flexible frameworks in the European Union (“EU”)

08/15/2024

Ogier Global's new CSSF Fund Administration licence and its impact

The acquisition of this licence should bring many benefits to Ogier Global.

08/15/2024

Anti-greenwashing: UK firms gearing up for new FCA rules and guidance

Moreover, wealth managers, planners and financial advisers must also ensure that, when engaging with clients, the sustainability-related claims they make are clear

08/15/2024

Pentagon Releases Key CMMC Contracting Rules

The new rule will amend the Defense Acquisition Regulations Supplement (DFARS) to include a provision about CMMC

08/14/2024

Cayman Permits Disapplication of Rule Against Perpetuities

STAR trusts have never been subject to the rule against perpetuities and that will remain the case.

08/14/2024

Processor fine proposed in UK GDPR first

The ICO’s said in its statement that no conclusion should yet be drawn that there has, in fact, been any breach of data protection law

08/14/2024

Delaying UK APP fraud compensation scheme ‘may be considered prudent’

Earlier this month, the PSR reported there were 252,626 cases of APP scams across the UK’s 14 largest banking groups

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