The Central Bank of Ireland has published a letter to fund management companies (including SMICs) highlighting some key issues for investment funds in light of ongoing market uncertainty due to Covid-19. The letter refers to the regulatory flexibility already provided in terms of reporting and that the Central Bank has clarified that it will apply the measures set out by ESMA in recent weeks.
In this advisory, we provide a round-up of recent updates to the Cayman Islands framework for automatic exchange of information (“AEOI”) and country-by-country reporting (“CbCR”), including the new universal DITC portal, the AEOI reporting deadline extension, the authorising person and principal point of contact and the CRS compliance form.
The first ever electronic meeting of the Cayman Islands Legislative Assembly on 23 April 2020 considered a number of pieces of legislation, largely in response to the COVID-19 emergency, that are likely to be of interest to local employers and employees. This note is intended to provide a brief overview of the key changes: some […]
Bermudian partners Natalie Neto and Peter Dunlop have been interviewed by Bermuda:Re+ILS on how insurtech will continue to transform the risk transfer industry.
In this piece, Walkers partner Jonathan Heaney – a Jersey funds lawyer and a specialist in open-ended fund structuring – explores the impact of the crisis on liquidity, the mismatch between expectations and reality, and the prospects of further regulatory control in this area.
The ‘lockdown’ has been slightly relaxed in England but much less so in the other three nations. In England, this relaxation was announced by the Prime Minister in a nationally televised address at 7pm on a Sunday. By 7am the next day, there was considerable uncertainty as to what he meant and from when he meant things to change.
COVID-19 continues to cause unprecedented disruption to all business operations, which includes the annual corporate calendar for listed public companies when preparing and filing accounts, holding AGMs and making dividend payments to their shareholders. Below is a summary of the key considerations.
Mozambique’s banking sector continues to undergo significant legislative reform.
As the UK remains in lockdown as a result of the Coronavirus pandemic, uncertainty abounds about when a return to “normal” life can be expected. Government commentary suggests social distancing may continue for the rest of the year, raising questions about how to effect a safe return to work.
On 24 April 2020, the Lord Chief Justice announced the establishment of a judicial working group to consider ways to re-start some jury trials once it is safe to do so.
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While many City firms are setting out their plans on how to return to the office, Slater & Gordon is instead opting for a different working future altogether. Following the application of remote operations during lockdown, the firm is now set to work from home for the “majority of the time” in a bid to […]
All the latest developments on what firms are doing in response to the coronavirus spread. Contact firstname.lastname@example.org if you have further updates.
Independent Italian outfit Pavia e Ansaldo has carried out redundancies and taken new financial measures, with law firms in the country still reeling from the long lockdown period. The firm has made redundant a series of professionals that includes one of counsel and four associates, as well as one trainee and two interns. The firm […]
Bird & Bird has put salary reviews on hold, in the latest set of measures to contain the effects of coronavirus on its business flow. While reviews have been halted, the firm will reconsider them later in the year. In addition, management has decided to split its bonuses in half, awarding a first installment in […]
Retail brand group Pepco has appointed a new general counsel in London. Jacqueline Knox has joined the company this month as its new general counsel and company secretary. She was previously general counsel and company secretary at RHI Magneista – a listed supplier in high-grade refractory products. Before that Knox was in various in-house roles, […]
Leading European firms have hailed digitisation as the next step forward for the profession on the Continent. Speaking in a series of video interviews as part of the release of The Lawyer European 100, managing partners from top firms in Germany, Ireland and Sweden have expressed optimism for 2020 and 2021, despite the pandemic. Luther […]