05/21/2020
Dentons four-day week gets go-ahead
Staff vote in favour of move to curb financial impact of pandemic
Legal, Regulation & Compliance
05/21/2020
Linklaters announces two-week virtual vacation scheme with three weeks’ pay
COVID-19: Last of the magic fivesome to reveal student summer plans
05/21/2020
Venezuela sues Bank of England to force access to $1bn gold reserves
The request, which was originally made in April, said the central bank was seeking “an order requiring BoE to comply with the proposed instruction”.
05/21/2020
Asset Protection
Jersey and Guernsey trusts are an essential part of the toolkit
05/21/2020
New report calls for improvements in debt capital markets
The coronavirus pandemic has resulted in unprecedented demand for emergency financing.
05/21/2020
£100m hike in UK lifeboat scheme levy
Estimated £44m will be used just to compensate mini-bonds victims
05/20/2020
Carey Olsen and Slaughter and May advise the States of Jersey on financing its response to COVID-19
The States of Jersey appointed Carey Olsen and Slaughter and May to advise on the RCF.
05/20/2020
FCA recognises expiration and termination of European short selling bans
The European Securities and Markets Authority has coordinated the recent emergency restrictions renewals and has contributed to this aligned action yesterday.
05/20/2020
Weekly Tax Brief - 19 May 2020
The UK was quick to introduce different forms of excess profits taxes during both the First World War and Second World War
05/20/2020
Probate and estate planning administration for non-Guernsey domiciliaries
The Guernsey Ecclesiastical Court issues a Grant of Probate if the deceased left a Will or a Grant of Administration if they died intestate.
05/20/2020
EU Exit: Government releases draft CFTA
The UK’s approach to negotiations with the European Union.
05/20/2020
EU Commission launch of AML/CFT action plan
The Commission intends to deliver on all these actions by early 2021.
05/20/2020
IFM notification on fund issues and large redemptions via CSSF eDesk
The CSSF has now extended this monitoring to a greater number of IFMs and has integrated the accompanying notification process into its eDesk portal.
05/20/2020
£6.4m of illicit funds held in City bank seized
After conducting its own internal investigation, the bank alerted the NCA, which established the scam and began court action to seize the money.
05/20/2020
Coronavirus FAQs for UK employers: returning to a safe working environment
Employer’s liability insurance provides cover for certain kinds of employer liability such as breach of the duty of care or breach of statutory duty
05/19/2020
PwC fails to dismiss £25m negligence claim over Guernsey ‘Ponzi scheme’
Auditor accused of failing to uncover fraud at fund that collapsed, owing investors £40m
05/19/2020
Swedbank chief sets ‘big hairy goal’ after scandal
Jens Henriksson insists the lender can move on from money-laundering investigations
05/19/2020
Coronavirus Statutory Sick Pay Rebate Scheme set to launch
Employers will be able to make claims through the Coronavirus Statutory Sick Pay Rebate Scheme from 26 May.
05/19/2020
Reducing the Risks of Returning to the Workplace – Key Issues for Irish-Based Employers
Care should be taken when selecting employees to return.
05/19/2020
Government considering 'air bridges' to countries with similar Covid-19 infection rate
He also confirmed that the quarantine measures would come into place in June, not at the end of May as Johnson had said.