Regulation of Financial Firm Business
The Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022, (LCF Law) came into effect 1 July 2023. Any businesses carrying out activities regulated by the LCF Law must now have a licence (unless certain exemptions apply).
Carer Status: Guernsey boldly goes where the UK and no other Crown Dependency has gone before
When the Prevention of Discrimination (Guernsey) Ordinance 2022 (“Ordinance”) comes into force on 1 October 2023, it will make it unlawful to discriminate against a person on five “protected grounds”. The new protected grounds are disability, race, religion or belief, sexual orientation and carer status.
The Financial Services Commission issues the Financial Services (Global Shared Services) Rules 2022
On the 20th December 2022, the FSC issued the Financial Services (Global Shared Services) Rules 2022 (the “Rules”), which came into operation on 3 January 2023.
Employer's perspective: What to expect in a settlement agreement?
What is a ‘Settlement Agreement’? One of the innovations of the Workers’ Rights Act (‘Act’) is the concept of ‘compromise agreement’ (also referred to as a ‘Settlement Agreement’ in this article) (‘Compromise Agreement’).
Bermuda Captives: Reps and Warranties Coverage
The Bermuda captive market is seeing increasing interest in representations and warranty coverage.
How will the UK Supreme Court decision in PACCAR affect litigation funding in the offshore jurisdictions? With litigation funders considering the implications of the recent landmark decision, our funding experts look at the use of litigation funding in the offshore markets and the potential impact for funding in the key offshore jurisdictions.
Seychelles Business Tax on Multi-National Enterprises
Seychelles has recently undertaken a slew of amendments in order to keep up with the evolving and complex capital and finance market dynamics, taxation practices all over the world, as well as the OECD’s Base Erosion and Profits Shifting (BEPS) initiative. The Business Tax (Amendment) Act, 2020 which came into force on 15 September 2021, has brought several changes in line with the above, to the Business Tax Act, 2009 (the Act).
Appleby Partner Andrew Jackson and Associate Shari Walton-Rankin discuss the recent decision of the Cayman Islands Court of Appeal (CICA) in Re Virginia Solution SPC, in which the CICA held that what was considered to be a paradigm case of quasi-partnership at first instance was actually not a case of quasi-partnership at all; and further discuss the current state of Cayman Islands law as to the availability of alternative remedies in just and equitable winding up proceedings, and whether it is justified or requires timely correction.
In The Spotlight: Bermuda’s Vanessa Schrum
Francesca Ffiske of Private Client Global Elite sat down with Vanessa Schrum from Appleby in Bermuda.