Discrimination law in Guernsey: The Same but Different
The Prevention of Discrimination (Guernsey) Ordinance 2022 (“Ordinance”) will come into force on 1 October 2023. The Ordinance means that, for the first time, Guernsey will have a comprehensive equality framework in place, making it unlawful to discriminate against a person on five new “protected grounds” - disability, race, religion or belief, sexual orientation, and carer status.
Reinsurance Strategies in a Hard Market
The extent to which improved market conditions for reinsurers will endure and the importance of maintaining continued discipline were the main talking points at the annual Bermuda:Re+ILS roundtable held at the Monte Carlo Rendez-Vous, sponsored by Aspen.
Bermuda’s Catastrophe Bond Market Is Enjoying A Record Year
Bermuda’s catastrophe bond market is enjoying a record year, but Bermuda Managing Partner Brad Adderley probes why more new capital has not come into the hardest market in decades.
Financial platforms and intermediation
The Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022, (LCF Law) came into effect 1 July 2023. Part IV of the LCF regulates financial intermediation services, including: the operation of peer to peer platforms; the operation of crowdfunding platforms; and the provision of alternative non-bank credit or finance intermediation.
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’).
Artificial Intelligence and the law
At a time when the implementation of Artificial Intelligence into the professional environment, it is not difficult to predict that the implementation of AI into the running of a law firm will soon become a reality – ‘the key [is to choose] the right area’ of the practice. Indeed, a law firm which practices corporate and commercial as opposed to criminal law has significant benefits and potential for growth by using AI especially where explicit rules are used e.g. employment and tax laws.
Bermuda Captives: Reps and Warranties Coverage
The Bermuda captive market is seeing increasing interest in representations and warranty coverage.
Are you ready to file your CRS compliance form?
In our latest briefing, we consider the upcoming annual filing obligation for Cayman Islands entities classified as reporting financial institutions under the common reporting standard framework to file their CRS compliance form by 15 September 2023 via the Cayman Islands Department for International Tax Cooperation online portal.
