What a year it has been since our last Insurance Bulletin in March 2020. Although the full impact of Covid-19 on the re/insurance industry remains unclear the need to retain capital...
British Virgin Islands
The new fund categories have proved popular with many new managers and, thanks to their growing asset bases, many of these managers are now reaching the threshold limits for conversion.
In this webcast, Partner Tim Dawson is joined by Partner Pat Head and Associate Chris Carroll. This month's webcast covers the following Cayman Islands topics...
Around six months after the Covid-19 global pandemic had spread across the globe causing many countries to take drastic measures such as national lockdowns forcing businesses to adapt...
Michael Kyprianou Advocates & Legal Consultants
On 23rd February 2021, the 5th AML Directive was implemented by the Republic of Cyprus into the national AML Law, bringing major amendments to the virtual currency industry.
On 11 February 2021, the Council of the European Union adopted a Directive (2021/338/EU) amending the MiFID II Directive (2014/65/EU) as regards information requirements...
On 1 February 2021, the European Commission published a summary report on its consultation on the review of the Solvency II Directive (2009/138/EC) (the Solvency II Directive).
During the period 1 January 2021 to 31 March 2021, the European Banking Authority (EBA) updated its Single Rulebook Questions and Answers publication (Single Rulebook Q&A) on the Revised Payment Services Directive ((2015/2366/EU) (PSD2).
This briefing explains Guernsey's adoption of rigorous international tax and regulatory standards, which, in conjunction with its local tax law, make it an ideal location for investment funds...
In the last few years, Environmental, Social and Governance investing, or ESG, has evolved into a financial industry megatrend, one that has been accelerated by the Covid pandemic and shows no sign...
Guernsey's place in the world as a leader in sustainable finance has again been confirmed with the world's largest recycler of aluminium listing bonds...
Winston & Strawn LLP
In a decision made by the Supreme People's Court of the PRC (Court) on 29 December 2020 ((2019) Zui Gao Fa Min Te No. 4), the court held that where parties expressly agreed in the arbitration clause that ...
Earlier this year, the Jersey Royal Court handed down its decision in In the Matter of the Noor Trust.
As the number of Islanders vaccinated against Covid-19 increases and the number of people infected remains at a low figure, Jersey is progressing with its reconnection plan...
AXIS Fiduciary Ltd
The Financial Services Commission ("FSC") of Mauritius has issued a circular letter on 8 April 2021 informing Issuers that the FSC will be accepting audited financial statements prepared...
The denomination, the obtention and the purpose of these documents are often subject to confusions.
United Arab Emirates
With the swift changes in the personal laws of the UAE, the most momentous among them were the laws relating to Divorce and Inheritance.
Bouncing of Cheques is witnessed as the incessant complication confronted by the people of UAE. The criminal act is defined under the provisions of criminal law and it can result into penalties...
Herbert Smith Freehills LLP
The Abu Dhabi Global Market ("ADGM") has introduced a regulatory framework governing the appointment of Company Service Providers ("CSPs") by special purpose vehicles ("SPVs") and foundations.
Akin Gump Strauss Hauer & Feld LLP
On April 8, the Treasury Department removed the UAE from its list of countries requiring cooperation with an international boycott...