07/14/2023
Fintech Laws & Regulations in The Bahamas
The Government of The Bahamas has developed a policy that favours the development and innovation of the fintech sector in The Bahamas.
Government Regulation
07/14/2023
British Virgin Islands economic substance – ITA investigation and enforcement powers
This guide summarises the key points to consider, including various legislative changes made in 2022 to increase the ITA’s enforcement powers, and addresses some frequently-asked questions.
07/14/2023
New registration regime for individuals relying on the 'up to six-directorships' exemption
The licensing requirement captures directorships of any company, anywhere, ie not just to Bailiwick companies but foreign incorporated companies (as it applies to any person acting as a director in or from within the Bailiwick, regardless of where the com
07/14/2023
The rising threat of Business Email Compromise (BEC) attacks and CEO Fraud in Asia
Prevention is better than cure.
07/13/2023
Supreme Court backs ‘conventional’ understanding of banks’ Quincecare duty
APP frauds occur when a victim authorises a bank transfer into an account that they believe is controlled by a legitimate payee, but that actually belongs to a fraudster.
07/13/2023
Singapore passes new law to remove harmful online content
The primary objective of this bill is to enable the government to take prompt action against illicit activities conducted online and proactively safeguard against scams and malicious cyber behaviour.
07/13/2023
Real-time financial market data will make UK more attractive to do business’
The proposal is limited to post-trade data for bonds.
07/13/2023
FCA misconduct enforcement shows new demand for proactive redress
The FCA said that the settlement would ensure that most or all of Steel’s assets would be spent compensating consumers, rather than on High Court proceedings.
07/12/2023
APP fraud and vulnerable customers – lost in implementation?
In principle, this exception to reimbursement would not apply in respect of vulnerable customers i.e. a vulnerable customer would not be expected to exercise the customer standard of caution – an exception to the exception.
07/12/2023
BVI Commercial Court rules that ultimate beneficial interest holders of notes are 'creditors' under the Insolvency Act 2003
The Company failed to pay interest and principal on the maturity date of the Notes.
07/12/2023
EU rules on green transport remain important as UK regulations move slowly
The UK is at the beginning of a long transitional journey, in which developments are being driven forward by market forces – commercial structuring and contracts – as opposed to regulation.
07/11/2023
Guernsey regulator updates AML/CFT handbook
An employee can perform the independent audit function, but that employee must be independent from the employees who either design, maintain or apply the AML/CFT policies, procedures and controls.
07/11/2023
EU Institutions reach political agreement on Data Act
Personal data must be anonymised following the EU General Data Protection Regulation (GDPR).
07/10/2023
Comparison of Laws in Bermuda and the Cayman Islands Relating to Offshore Companies
This publication does not deal with all types of companies that may be formed in either of the above jurisdictions, or with the laws and regulations which may be applicable to certain business activities.
07/07/2023
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.
07/07/2023
2023 Global M&A transactions show innovation thrives amid challenging conditions
Research shows that confident deal-making in turbulent times can deliver outsize returns
07/07/2023
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.
07/06/2023
Italy issues new whistleblowing regulations
The new rules apply to private entities that have employed at least 50 workers in the last year.
07/06/2023
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
07/06/2023
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.