05/26/2020
Norwich Pharmacal Relief - A Good Arguable Case v Reasonable Suspicion of Wrongdoing
Burford trades on the Alternative Investment Market
Regulation, Risk & Compliance
05/26/2020
Director's Wilful Neglect or Default and Vicarious Liability
The Court of Appeal also considered whether an employer is liable for the actions of an employee .
05/26/2020
Guidance from the SFC and the Hong Kong Stock Exchange in Respect of General-Meetings.
As a consequence, a Cayman-listed issuer in Hong Kong must ensure its memorandum and articles of association contains the relevant requirements for holding annual general meetings in accordance with the Hong Kong Listing Rules.
05/26/2020
Bank unfairly sacked president during takeover talks, tribunal rules
Ormond Williams wins claim against Cayman National
05/26/2020
Premier: No pay cuts planned
This figure is $25.3 million higher than anticipated by the 2020 budget.
05/22/2020
Companies Registry ‘clean up’ nearly complete
The Attorney General further noted that the new Unit will also soon commence on-site visits
05/22/2020
EU ‘dirty money’ action plan faces resistance, criticism
Reuters has reported that the plan has faced resistance already from three member states embroiled in money laundering scandals: Estonia, Hungary and the Czech Republic.
05/21/2020
The European Commission approves the COVID-19 Interest Rate Subsidy Scheme
The government has allocated around €40 million to pay up to 2.5 per cent interest due on the working capital loans covered under the MDB COVID-19 Guarantee Scheme, for the first two years.
05/21/2020
HSBC urges island businesses to stay alert to cyber fraud in face of Covid-19
In addition, fraudsters have sought to exploit mass communications around Covid-19 by attempting to divert payments through purchase scams for medical equipment and fake mobile apps purporting to be related to Covid-19.
05/20/2020
Probate and estate planning administration for Guernsey domiciliaries
Guernsey is an independent legal jurisdiction for estate administration purposes.
05/20/2020
IFM notification on fund issues and large redemptions via CSSF eDesk
The CSSF has now extended this monitoring to a greater number of IFMs and has integrated the accompanying notification process into its eDesk portal.
05/20/2020
The importance of a robust sales process: sanction applications for the sale of company property under the Cayman Islands Companies Law
If it is not satisfied that the best commercial interests of the company (as reflected by the wishes of stakeholders) are met by the proposed sale, then sanction will be refused.
05/20/2020
SLiC International Closes Seed Funding Round
SLiC selected Bermuda as it’s global headquarters due to its sophisticated legal structure and skilled workforce.
05/20/2020
The Cayman Islands Private Funds Law 2020: an overview of the latest changes
The law also includes operational changes in a number of areas, such as annual audit requirements, annual return for the fund, record retention, valuations, cash monitoring and safekeeping of assets.
05/19/2020
Mauritius Minister of Health Issues Regulations Under Section 79A of the Publish Health Act - The Employment Perspective
Mauritius has been under a national lockdown since 20 March 2020
05/19/2020
EU lists Mauritius as high risk country for money laundering
The EU’s revised list for high risk countries considered developments that have taken place at the international level since 2018.
05/19/2020
EU, Caribbean Nations at Loggerheads Over Money Laundering Blacklist
The EU blacklist uses the FATF monitoring list as a starting point and serves as a way to hold the included countries accountable since the FATF has no enforcement ability of its own.
05/18/2020
The End Of Treaty Abuse And A Fresh Start Of Tax Treaty Use – The Multilateral Instrument (MLI)
Each signatory has chosen which Double Tax Treaties to be included in the Instrument and submitted its MLI positions with respect to the different options provided for in the MLI.
05/18/2020
Bermuda edges towards phase two of its COVID-19 response strategy
Bermuda is also looking at other COVID-19 related apps that will help the country manage the pandemic
05/18/2020
Malta delays the start of EU office to fight corruption
Without Malta's nomination, EPPO will not be able to operate