First published on ePrivate Client, July 2020 These unprecedented times of COVID-19 are challenging for all of us and trustees are no exception. Trustees can face a wide range of issues from investment values to beneficiaries dying. This article will consider trustees duties and how trustees might manage those duties during COVID-19.
Self-funding model for the Office of Data Protection Authority (ODPA) in Guernsey
Guernsey’s data protection regulator, the ODPA, has announced that it has reached agreement with the States of Guernsey over transitioning to a self-funding model. The updated data protection legislation is now a little over two years old, but the scale of the task of implementing a framework for oversight has been significant. It is not surprising that core areas of implementation have taken priority, but nevertheless it is important to recognise this as a milestone development.
Isle of Man Treasury announce new personal injury discount rate
The Isle of Man Treasury has announced that a new discount rate will be applicable to personal injury compensation awarded by the Isle of Man Courts. The new discount rate will see a decrease from +2.5 to -0.25% .
Jersey will soon implement the OECD’s mandatory disclosure regime (DAC6) through its own mandatory disclosure regime; David Dorgan details its terminology and requirements.
In recent days the news has been filled with landlords announcing their rent collection results following the June quarter day. This is not optimistic reading, with initial data suggesting that less than 20% of commercial rents in the UK have been collected.
Protecting Personal Data – the New Normal
One unanticipated consequence of the COVID pandemic has been the huge increase in the collection of personal data.
ILS needs a buoyant secondary market to thrive – but electronic platforms must come first
A secondary market for ILS can only emerge once the broader market fully embraces electronic platforms, according to Brad Adderley
Health and Wellness – Employers Duties
With the current state of COVID-19, many employees are in the midst of now returning to work and others who have been working at home are returning to the workplace.
The International Stock Exchange – The home of UK Real Estate Investment Trusts (REITs)?
Real Estate Investment Trusts (REITs) were introduced in the UK under the Finance Act 2006 on 1 January 2007 as globally recognised tax efficient structures for investment in UK real estate.
Warranty Claims: On time, but too late?
A recent decision in the English High Court highlighted the importance of buyers acting quickly if they become aware of grounds for a possible claim under a share purchase agreement. On the facts of the case, the court held that a warranty claim, which at first glance appeared to have been brought on time, had in fact been brought too late. This note considers how that judgment might affect deals in the Crown Dependencies.
