Related briefings

International data transfers – Brexit and Schrems II: Impact for funds

There have been several recent developments in connection with international data transfers.  The most significant of these are the conclusion of the EU-UK Trade and Cooperation Agreement on 31 December 2020 and the European Court of Justice’s “Schrems II” decision.  This briefing considers the implications of both for investment funds.

EU Regulator Warning on Post-Brexit Financial Services EU Access Exemptions

The European Securities and Markets Association (“ESMA”) has published a statement on reverse solicitation of clients by third country firms following Brexit and the end of the UK transition period on 31 December 2020. It has identified what it calls “questionable practices” by firms in this regard, for example, using general clauses or online pop-up “I agree” […]

UK Government Announces Changes to DAC6 Post-Brexit – Impact For Ireland

EU DAC6 – Mandatory Disclosure of Reportable Cross-Border Arrangements Directive 2018/822 (DAC6) is an EU Directive requiring EU intermediaries or taxpayers to report information on certain cross-border arrangements to their local tax authorities.  Our previous client updates in relation to DAC6 can be found on our website here1 and here2. In an unexpected move on 31 December 2020, […]

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Understanding what employees’ rights are and how this should be handled by employers has never been more important as we reach the peak of the pandemic.

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The unprecedented situation that the coronavirus pandemic has delivered to global commerce has impacted on a variety of contractual issues related to non-contentious day-to-day transactions.

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With COVID-19 taking hold once more, the government has put the UK under a third lockdown, forcing all non-essential shops to close once again.

BVI update: “Black Swan” legislation passed

On 31 December 2020, the BVI House of Assembly passed the so-called “Black Swan” Bill amending section 24 of the Eastern Caribbean Supreme Court (Virgin Islands) Act (Cap. 80) so as to confer jurisdiction on the BVI Court to grant interim relief in support of foreign proceedings.

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