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.
JFSC ‘turns up the heat’ on non-compliance
It cannot have gone unnoticed that the Jersey Financial Services Commission (JFSC) is taking an increasingly public stance with regard to regulated entities’ compliance with AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) obligations, including the imposition of financial penalties.
Tenants of commercial premises in Jersey suffering financial hardship may be considering, or may indeed have already approached their landlord with requests for rent relief. In response to the challenges faced by commercial tenants as a result of the current health crisis, the Government of Jersey has released Guidance on Commercial Leases.
2019: The Isle of Man M&A year in review Part 1 – Why is it significant?
In this, the first of a two-part series, Garry Manley considers the significance of mergers and acquisitions (M&A) activity to the Isle of Man. In the next edition, he will consider the trends that emerged from local M&A deals in 2019.
Choices of law, jurisdiction must be clear
Ideally, a contract will contain both a “choice of jurisdiction” and a “choice of law” clause, the latter of which is sometimes also referred to as a “governing law” clause.