10/23/2023
Australian workplace protections may extend to overseas employees
Employers thinking about such hires should consider changing their engagement processes to reduce that risk.
Government Regulation
10/23/2023
FCA warns firms as new cryptoassets financial promotion regime comes into force
The FCA said it expects firms to consider how risk summaries and appropriateness assessments should be tailored to the specific cryptoassets being promoted.
10/20/2023
Introduction of mandatory Energy Performance Certificates in Jersey - Update
The legislation (and the assessment benchmarks) will be subject to consultation in 2024.
10/20/2023
US Department of State to begin stateside visa renewal pilot in early 2024
This initial launch will be a limited pilot – it will only be available to 20,000 applicants on a voluntary basis.
10/20/2023
Living but not working in the Cayman Islands
Applying for such a residency certificate is relatively uncomplicated and will take around six weeks to obtain.
10/19/2023
Foreign gains to be subject to Hong Kong Profits Tax (Part 3) – further refinement to the foreign sourced income exemption (FSIE) regime in Hong Kong
Similar to the existing FSIE regime, the refined regime is in response to updated EU guidance that all foreign disposal gains should be subject to the regime.
10/19/2023
China proposes to ease cross-border data transfer rules
This will remove the potential ambiguities and uncertainties that have been troubling Chinese data exporters.
10/19/2023
UK government plans ‘will do little’ to close the gender pensions gap
Employers also need to foster a working environment conducive to employees
10/19/2023
Cayman Islands exempted companies: an overview
This guide provides a comprehensive overview of the Cayman Islands exempted company.
10/19/2023
FCA hints at ‘sensible’ reforms to UK AIFMD regime
Alder said feedback from funds and managers “pointed to practical issues caused by the full AIFMD regime only applying to firms above a threshold of assets under management.”
10/18/2023
Jordan issues first personal data protection law
This long-awaited development is consistent with wider regional and international trends to recognise the privacy of individuals and regulate the protection of their personal data.
10/18/2023
Demystifying Cayman Real Estate Law - Changes to Stamp Duty for Caymanian Buyers
Two to ten first time Caymanian buyers purchasing together would enjoy increased thresholds with 0% Stamp Duty on purchases of a home up to CI$600,000
10/17/2023
SEC Scraps Ticker Tape Concept for Securities Loans, Ignites
Speaking to Ignites, partner Ignacio Sandoval said that “it’s not going to be a ticker tape for securities lending."
10/17/2023
UAE introduces stricter fines for commercial agency rules violations
The new penalties, detailed in Cabinet Decision No. 89/2023, are intended to deter breaches of Federal Law No. 3/2022
10/16/2023
UK Mandatory Disclosure Rules (MDR) for cross-border tax avoidance arrangements
The MDR is designed to ensure that tax authorities are notified of tax avoidance arrangements or opaque offshore structures.
10/16/2023
FCA warns platform firms about exposure to high-risk investments
The FCA also wants to see firms making positive changes having started applying the Consumer Duty requirements – including regarding fees and charges.
10/16/2023
The Data Act's implications on privacy & data protection
Both the GDPR and the Data Act include obligations on data portability.
10/16/2023
The Philippines opens its doors: new foreign investment opportunities
Republic Act No. 11647 introduced amendments to the aforementioned Section 8 to provide more options for foreign investors to avail of the lower minimum paid-in capital requirement
10/16/2023
Agreed Security Principles – Guernsey and Jersey Law Considerations
Security is created and perfected over Guernsey situs assets pursuant to the Security Interests (Guernsey) Law, 1993 (as amended) (the Guernsey Security Interests Law)
10/16/2023
What's happening with the EU Regulation on standard essential patents?
Three committees have been appointed