07/06/2023
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.
Government Regulation
07/05/2023
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.
07/05/2023
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.
07/05/2023
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”.
07/04/2023
'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.
07/04/2023
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
07/04/2023
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
07/04/2023
The new Register of Foreign Ownership of Australian Assets
The new Register will subsume the existing residential land, agricultural land and water interest registers
07/03/2023
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.
07/03/2023
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.
07/03/2023
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’.
07/03/2023
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
07/03/2023
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!).
06/30/2023
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.
06/30/2023
Proceeds of Crime Law: Jersey's AML / CFT / CPF regime
This article explains what has changed and why, how to determine whether an entity is now within the scope of the regime and what an in-scope entity needs to do to comply with its obligations under the regime.
06/30/2023
Cayman Islands satisfies FATF's action plan
Removal from the so-called "grey" list would be a recognition that the Cayman Islands has a robust and effective AML/CFT regime in place.
06/30/2023
New Financial Services and Markets Act will establish UK’s post-Brexit regulatory framework
The Act enables the move to a so-called ‘comprehensive FSMA model’
06/30/2023
The EU goes for gold with its Green Bond Regulation
The prospectus will need to specifically designate the bonds as European green bonds
06/29/2023
Personal Information Protection Act Set to Come into Full Force in 2025
The significant sections of PIPA relating to obligations on organisations that use personal information, conditions for use, data transfers and rights for individuals, are not yet in force.
06/29/2023
U.S. Supreme Court rejects dangerous attempt to destroy democracy
The ruling in Moore v. Harper is a major victory for voters, given the potential the case had to shatter the checks and balances that serve as underpinnings of American democracy.