The Isle of Man Financial Services Authority (IOMFSA) has recently held three consultations relating to the regulation of Virtual Asset Services Providers (VASPs) in the jurisdiction. Here, we take a closer look a the background to VASPs regulation in the Isle of Man and what the future may hold.
Appleby authors Chambers’ Blockchain Guides
The 2024 Global Blockchain Guide provides the latest legal information on the evolution of the blockchain market, the status and use of digital assets, smart contracts, blockchain regulation, the tax regime for digital assets, sustainability and ESG issues, and data privacy and protection.
High-level overview of Bermuda Monetary Authority’s three-tiered capital system
Insurers and reinsurers are faced with uncertainties relating to the timing and scale of future losses and the risk that the premiums charged and reserves held will be insufficient to cover such losses.
ODPA - Location, Location, Location!
Guernsey’s data protection regulator, the Office of the Data Protection Authority (ODPA) is shortly to move to new premises in St. Peter Port, Guernsey.
Where Public Policy Collides: Arbitration v. Insolvency
In an important decision which is likely to be widely cited, and to have significant ramifications for practice in the English Companies Court, the Privy Council has today decided that the decision of the English Court of Appeal in Salford Estates (No 2) v. Altomart was wrongly decided: Sian Participation Corp v. Halimeda [2024] UKPC 16. Privy Council decisions are usually only of persuasive effect in England, but the Board has, for the first time, issued a Willers v. Joyce direction to the effect that Salford is no longer to be followed in England.
This month sees the official launch of Appleby Regulatory Consulting, or ARC for short. Find out more about Appleby's compliance solutions
Bankruptcy & Restructuring – Planning for Failure
The sudden collapse of Lehman Brothers in September 2008 sent shockwaves around the globe. As the largest insolvency in history, Lehman’s collapse was a pivotal moment in the 2007-2008 financial crisis and a startling illustration of the fragility of an outwardly robust institution and system. A failure to recognise and act upon early signs of distress turned what might have been a controlled descent into a freefall.
Fund Finance Security Guide 2024 - Cayman Islands
This publication provides an overview of the subscription finance security package in transactions involving Cayman Islands fund structures.
Bermuda’s cybersecurity law transformation is well underway
We are almost six month into 2024, and this year has already been transformative for IT and cyber security law and regulation in Bermuda. And all of those developments continue a recent and robust trend of IT and cyber law reform in Bermuda.
In a recent judgment, the Cayman Court of Appeal confirmed its broad jurisdiction to grant injunctions in support of HKIAC and CIETAC arbitrations. Alan Bercow, David Lewis-Hall, Damon Booth and Ross McLeod look at the implications of the Cayman Islands Court of Appeal’s judgment in Minsheng Vocational Education Company Limited v Leed Education Holding Limited and Ors.
Find out more about the Government of Jersey's consultation paper about access to information on the Central Register of Companies and legal persons
