04/07/2021
Malta launches new citizenship by investment programme
It is a member of the EU and offers its citizens visa free travel to over 180 countries.
Legal, Regulation & Compliance
04/07/2021
Financial promotions quarterly data
This data includes statistics about how we review and act on certain non-compliant financial promotions.
04/07/2021
A&O advises on EUR2.35 billion loan and high yield bond refinancing by Foncia
The financing consisted of a EUR1.3 billion term loan facility, a EUR437.5 million revolving credit facility, EUR400 million of 3.375% Senior Secured Notes due 2028 and EUR250 million of 5.000% Senior Unsecured Notes due 2029.
04/07/2021
New watchdog to boost online competition launches
A tough new regulator to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online has launched.
04/07/2021
European Commission Suffers ‘IT Security Incident’ – Report
The European Commission and a number of other European Union agencies have suffered a cyberattack last month.
04/07/2021
Data Protection Developments in Europe
These developments are restricting the ways in which businesses can share personal data within their organizations and with counterparties internationally.
04/07/2021
ESAs publish joint Annual Report for 2020
The Joint Committee continued to work also in the areas of securitisation and financial conglomerates.
04/06/2021
Overcoming complexity and realising opportunity in luxury French property
Against the backdrop of the COVID-19 pandemic, luxury French property remains an attractive investment choice for many high net-worth individuals (HNWIs).
04/06/2021
Key trends from the boardroom in 2021
This has been further exacerbated by the impact of the COVID-19 pandemic on the financial system, leading to a push by investors for ESG-focused initiatives and an increased emphasis on a company’s responsibilities towards wider society.
04/06/2021
The SFDR – get it right from the start
The SFDR has now become a reality, with EU funds and non-EU AIFs marketed within the EU being obliged, as an initial step, to have updated their prospectuses by 10 March 2021, requiring investment managers to classify their fund product into one of three
04/06/2021
The importance of purposeful anti-money laundering controls
Speech by Mark Steward, Executive Director of Enforcement and Market Oversight, delivered at the AML & ABC Forum 2021.
04/06/2021
Italian and French banks revive ‘doom loop’ fears with bond buying
Exposure to own countries’ sovereign debt reawakens concern over faultline in Europe’s monetary union
04/06/2021
EBRD and AIIB streamline co-financing procedures
AIIB is a multilateral development bank whose mission is financing Infrastructure for Tomorrow
04/06/2021
Financial Regulation: Daily Update
The FCA notes that while the industry has made progress in encouraging more widespread Legal Entity Identifier (LEI) coverage among non-EEA third country issuers, there are still many non-EEA third country issuers without a LEI.
04/05/2021
CJEU rules that Portuguese taxation of individual capital gains is contrary to EU law
Following the CJEU’s previous judgement in Hollmann (C-443/06), the Portuguese legislation for the relevant tax year allows nonresidents to opt for the regime applicable to residents if beneficial.
04/05/2021
MALTA: Improving access to EU funds
The benefits of EU funds to businesses have long been apparent, and our research aims to quantify that.
04/05/2021
New guidance on UK penalties for sanction breaches signals tougher approach
The Guidance updates the factors that OFSI will take in to account when determining whether to take enforcement actions and what those actions might be.
04/04/2021
The Right to Disconnect in Ireland: New Code of Practice Published
The purpose of the Code is to provide practical guidance for employers and employees to agree working arrangements, appropriate to their business, that maintain clear boundaries between work and leisure.
04/04/2021
Moving the goal posts: European Commission new guidance on merger referral policy to catch non-reportable deals
The Guidance is part of a broader package including a Staff Working Document foreshadowing a somewhat broader reform of the EUMR. This blog post focuses on the new Article 22 Guidance.
04/04/2021
Groupthink: is your Board immune to this risk?
The fact that directors reached consensus views in advance of Board meetings, leading to insufficient debate and a blindness to colleague concerns, was also cited as an example of poor governance approach.