04/23/2020
High praise for our Italian practice in Legal 500 Europe
The professionals are reliable, present and always available.
Legal, Regulation & Compliance
04/23/2020
Trusts and insolvency - a guide
To determine whether a trust is or is not insolvent, the cash-flow test applies, namely the inability of the trustee to meet its debts as trustee as they fall due out of the trust property.
04/23/2020
FCA: Changes to regulatory reporting up to 30 June 2020
Given the impact of coronavirus (Covid-19), we have introduced some temporary measures for firms submitting regulatory returns.
04/23/2020
CySEC issues guidance on completing the due diligence procedures after the commencement of a business relationship
CySEC sets out the parameters in which regulated entities are permitted to make use of this exception.
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
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