04/23/2020
ESG Snapshot - Rules and Practice: Overview of the EU Taxonomy Regulation
The proposed Taxonomy Regulation establishes an EU-wide classification system or ‘framework’ intended to provide businesses and investors
Legal, Regulation & Compliance
04/23/2020
Luxembourg government calls on start-ups to innovate in order to overcome the COVID-19 crisis
Project proposals can be submitted from 20 April until 30 April 2020
04/23/2020
Gibraltar moves to tighten regulation of cryptocurrencies
We opted for regulating this space in a more financial services-based way, which became what we called the core principles.
04/23/2020
GDPR Survey: Benefits Beyond Compliance
Compliance is a chain of responsibilities.
04/22/2020
Change at the top for the JFSC
He joined the JFSC in 2010 as a Commissioner and assumed the role of Chair in 2014.
04/22/2020
The phasing-out of LIBOR: a helpful guide to the “must-have” features of contractual fall-back language
The question then is what happens to these LIBOR-based products when LIBOR is no longer available. As
04/22/2020
EIB under scrutiny for failings after whistleblowing complaints
The bank falls short of EU anti-money laundering rules, internal audit reveals
04/22/2020
Capital Markets in the current climate
Capital markets and structured finance encompass a variety of asset types that have already been directly affected by the outbreak.
04/22/2020
Ireland Update: Temporary changes to the Irish planning regime
In cases where the public consultation period or the permitted appeal period falls within the Emergency Period, they will be automatically extended by a period equal to the number of days in the original deadline that fall within the Emergency Period.
04/21/2020
Unexplained Wealth Orders discharged by English High Court
Update prepared by Christopher Edwards (Partner, Guernsey) and Jeremy Bell-Connell (Associate, Guernsey)
04/21/2020
FCA statement on expectations for wet-ink signatures
We set out our expectations of firms when dealing with the need for 'wet-ink' signatures (i.e. signing a document by hand using a pen).
04/21/2020
FSB consults on effective practices for cyber incident response and recovery
A major cyber incident, if not properly contained, could seriously disrupt financial systems, including critical financial infrastructure, leading to broader financial stability implications.
04/21/2020
Expats ask, what happens when my UK mortgage expires during lockdown?
If the COVID -19 pandemic has highlighted one mortgage issue, it might be how to enquire about an expat remortgage during lockdown.
04/21/2020
New book! ‘Guernsey Trust Law’ by Tony Pursall and Matthew Guthrie
Where there is no clear Guernsey authority on a particular point of law it gives a reasoned view, drawing on relevant legal principles, together with a broad assessment of the confidence of which the authors hold that view.
04/21/2020
Trusted UK solicitor stole from clients, laundered money
The conviction for theft was on the basis that Grant had stolen more than £95,000 belonging to two clients after he had received these funds following the sale of their company.
04/21/2020
FSB consults on effective practices for cyber incident response and recovery
Although the document is meant to be evolving
04/21/2020
Court of Appeal finds trustees not entitled to withhold certain privileged documents in response to subject access request from beneficiaries of Bahamian trust
Joint interest privilege is sometimes referred to as “joint privilege”, and that is the terminology used in the court’s judgment in the present case (though the court also recognises the use of the alternative term “joint interest
04/21/2020
Restructuring and Corporate Recovery measures in Jersey
The JFSC have confirmed that while their physical premises are closed, a flexible business continuity strategy is being implemented and they intend to take a pragmatic approach when dealing with filings, submissions and responding to clients (with the vas
04/21/2020
CEO of Norway's sovereign wealth fund faces probe after luxury jet use
The development adds to questions about the fund's choice of Mr Tangen as CEO as he faces criticism in Norwegian media for what is perceived as a jet-set lifestyle that's unsuited to the guardian of an entire nation's savings.
04/20/2020
UK couples can now leave up to £1 million to their children free of inheritance tax, after changes to the RBRB
The legislation has been heavily criticised for its complexity, but the correct guidance and careful planning can help you overcome this.