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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.

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.

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.

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.

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.

EU Institutions reach political agreement on Data Act

Personal data must be anonymised following the EU General Data Protection Regulation (GDPR).

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.

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

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