07/02/2020
Pressure points: Trustees beware – Changes to UK insolvency regime are now in force
The Act contains the most far-reaching reforms to UK insolvency law in over 30 years.
Legal, Regulation & Compliance
07/02/2020
Luxembourg tightens screws on trusts with EU rules
Trusts will need to disclose beneficiares from now, in line with EU rules
07/02/2020
World Economic Outlook Update, June 2020
A Crisis Like No Other, An Uncertain Recovery
07/02/2020
Working Time Compliance and Remote Working
Employers should also be particularly mindful of actively ensuring employees do not work in excess of the maximum limit as recent case law has demonstrated that employers will be liable for breach of the OWT Act, even in circumstances where the work assig
07/02/2020
ECB withdraws Malta-based bank's licence
The authority said on Wednesday that auditing firm Ernst&Young would continue to act as bank administrators.
07/02/2020
Accenture Cuts Up to 900 Jobs as Pandemic Takes Toll on Demand
Possible job cuts account for up to 8% of its U.K. workforce
07/01/2020
Switzerland and United Kingdom seek closer cooperation on financial services
With such an agreement, Switzerland and the United Kingdom intend to reaffirm their commitment to the importance of open financial markets and international financial stability, as well as to consolidate their position as the world's leading internat
07/01/2020
Russia Steps Up Hunt To Seize Foreign Assets of ‘Putin’s Banker’
Alfa Group hired to track and seize overseas wealth in the latest development in legal battle between the Kremlin and Sergei Pugachev.
07/01/2020
Covid-19: FCA statement on APR expectations
The Financial Action Task Force (FATF) has launched a consultation on its proposals for amendments to Recommendation 1 and its Interpretive Note to require countries and the private sector to identify, and assess the risks of potential breaches
07/01/2020
Central banks a stabilising force in response to unprecedented crisis
In its flagship economic publication, the BIS analyses central banks' response to the global economic sudden stop, induced in order to prevent a public health disaster.
07/01/2020
FCA consults on revised remuneration provisions for UK Investment Firms
The FCA proposes to follow this categorisation under the IFPR.
07/01/2020
No automatic redemptions in a masterfeeder structure
Update prepared by Simon Dickson (Partner, Cayman Islands) and Jaclyn Pascoe (Knowledge Management, Cayman Islands)
07/01/2020
Italian FA issues guidelines on players' expiring contracts
This followed FIFA’s adoption, in April 2020, of a document (“Covid-19 Football Regulatory Issues”) authorizing its member associations to extend the season beyond June 30, 2020.
07/01/2020
FCA gives update on banks’ overdraft pricing decisions and plans to support consumers
The new overdraft rates came into force between November 2019 and April 2020, following the rules we published in June 2019.
07/01/2020
Jersey Private Funds
The JFSC had previously applied a similar proportionate and light-touch approach to very private structures
06/30/2020
European Parliament adopts the Taxonomy Regulation
The classification will be further developed through technical screening criteria, which will be laid down by the Commission in the related delegated acts.
06/30/2020
LIBOR - When the going gets tough, the tough legacy contracts get going
These considerations provide useful guidance to market participants in assessing the nature of their exposure to tough legacy contracts
06/30/2020
What the 'no-fault' divorce bill entails
The Divorce, Dissolution and Separation Bill (commonly referred as the no-fault divorce bill) has passed its third reading in the House of Commons and will next be considered by the House of Lords.
06/30/2020
How coronavirus is changing data protection for firms
Some are still catching up with the general requirements of the new framework of law
06/30/2020
Ex-Kazakh president's grandson, others seek 1.5 million pound costs after UK wealth order failure
But the High Court in April ruled in favour of Aliyev over the house connected to him and discharged the orders against the companies which owned the other properties.