This briefing deals with the regulation of late payment of commercial debts.
The scope of the AIFM-D comprises the regulation of AIFM and the marketing of AIF within the EU to professional investors.
UAE: liability of banks and financial institutions for fund transfers when financial sanctions are involveddownload
International political and economic factors may result in sanctions against certain countries or entities that affect the transfer of funds across borders.
SFC test cases — such as SFC v Tiger Asia — have sought to use section 213 of the SFO as a third route of market misconduct enforcement.
AIFM toolbox — May 2013download
The AIFM toolbox aims to provide reader-friendly access to the EU legislation relating to AIFMD.
Nabarro has considered the practical implications of the Alternative Investment Fund Managers Directive (AIFMD) on businesses.
On 18 February 2013, the Cayman Islands Court of Appeal released its judgment in Re FIA Leveraged Fund. The judgment will be of interest to directors and managers of investment funds.
The exposure draft Superannuation Legislation Amendment (MySuper Measures) Regulation 2013 sets out a number of proposed requirements.
Supreme Court holds proof of materiality not needed to certify securities fraud class actiondownload
The Supreme Court has held that plaintiffs in a Rule 10b-5 securities fraud class action for damages need not prove materiality to obtain class certification.
Management services provided to a fund in which the assets of defined-benefit pension schemes are pooled for investment purposes are not exempt from VAT.
Will the Cyprus bailout be enough to end the island’s appeal as an offshore financial centre for Ukrainian businesses?
A judgment from the Cayman Islands Court of Appeal has emphasised the primacy of the investment agreement between the fund and its investors.
Conyers Dill & Pearman has released issue three of its Jurisdiction Update for 2013, covering Bermuda, the British Virgin Islands, the Cayman Islands and Mauritius. Topics include insurance developments in Bermuda, a new ‘approved manager’ regime in the British Virgin Islands, Cayman Islands master funds and more.
This briefing examines a number of issues that arise on the redemption of shares by an investor in a BVI investment fund that may lead to disputes between the investor, the fund and other investors.
In IKEA v Hauxwell-Smith and others (10/2012), IKEA was found to have been the victim of serious procurement irregularities involving Mr and Mrs Hauxwell-Smith between 1998 and 2000.
The European Union is battling yet another crisis among one of its members, with the looming bankruptcy of Cyprus threatening to further destabilise the region at a time when it can ill-afford it.
Underperforming schools are being asked to work with sponsors to provide vision and support.
The number of pupils in England is rising and there are high levels of demand for pupil places, which local authorities are struggling to meet.
An independent review published in April 2011 looked into the way that capital is spent on schools in England and recommended a complete overhaul of the system.
The Australian government has released the draft legislation for final ‘third’ element in the Investment Manager Regime (IMR) — being ‘IMR 3’ or the ‘full’ IMR.