10/19/2020
Consultation initiated on blanket ordinance in area of blockchain
A blanket ordinance is now planned to incorporate the legislative amendments voted by Parliament into law at federal ordinance level.
Legal,Regulation,Tax & Compliance
10/19/2020
No-Deal Brexit: changes to withholding taxes
UK businesses receiving payments from the EU have some planning to do…
10/19/2020
SoW/SoF Checks: What Does Good Look Like?
The guidance offers examples of the good practices MAS observed, as well as instances where corroboration was inadequate.
10/18/2020
“Magnitsky-style” human rights sanctions now in the UK Overseas Territories
The activities could be carried out by a State or non-State actor.
10/16/2020
Majority Ruling of UK Supreme Court Sheds Light on Questions Concerning Law of Arbitration Agreements
A recent judgment of the UK Supreme Court has fortunately provided some clarity on this issue.
10/16/2020
Cross-border enforcement of Judgments and Brexit
There are some transitional provisions for court proceedings started before 1 January 2021 by which the above principle will continue to apply as between the UK and the EU.
10/16/2020
Future Market Dynamics Part 3 – data sharing, trust and a world of choice
Data can have the characteristics of a public good – it creates benefits for society as a whole and those benefits increase the more data is used and the more widely it is dispersed.
10/16/2020
Pillar Two blueprint on a global minimum tax issued
Payments made to or by individuals are not within scope.
10/16/2020
Pillar One blueprint on nexus, profit allocation challenges of digitalization issued
The Pillar One blueprint sets out “building blocks” for potential future international agreement on rules for taxable presence (nexus) in countries and profit allocation between countries to address tax challenges arising from digitalization.
10/16/2020
Geneva boutique launches European equity fund
The fund will have a quantitative approach based on the behavioural bias of equity investors, including seasonality and myopia.
10/15/2020
FCA takes “welcome step” in asking banks to warn expats of account closures
The FCA’s response, published today, reports that not all firms are informing customers that their current accounts will be closed. It also states that the FCA wrote to banks last week on the importance of being prepared for the end of the transitio
10/15/2020
KPMG launches legal department transformation offering
Global Legal Operations Transformation Services supports GCs to adapt to a new reality.
10/15/2020
Asset Managers: Mastering Non-Financial Risk - The Evolution of Human Rights Due Diligence
Regulators are already encouraging or requiring human rights due diligence in various forms.
10/15/2020
Billionaires Worth Over $35 Billion Could Be Locked Out Of Europe As Cyprus Finally Suspends ‘Golden Passport’ Schemes
Transparency say 30 individuals with pending criminal charges or convictions, and 40 people they classify as “politically exposed persons” were revealed in the leak.
10/15/2020
BREXIT: ensure your work force is legal
Employers should ensure that their EEA and Swiss employees, or employees who are the family members of EEA and Swiss citizens, take advantage of the EUSS whilst it is still available.
10/14/2020
Weekly Tax Brief - 13 October 2020
Without further targeted measures we are in danger of retaining the country’s cultural architecture and trophy assets, but without the creative artists to put on the performances to fill them.
10/14/2020
OECD’s “tax haven lite” blueprint fails pandemic-gripped world
he OECD’s blueprints, which also lack political agreement to proceed, have drawn harsh criticism from leading economists and tax experts.
10/14/2020
Future Market Dynamics Part 2 - Big Tech and data disruption
The increasing importance of technological change creates new challenges for regulation.
10/14/2020
Carey Olsen named best offshore law firm at WealthBriefing European Awards
Carey Olsen has been crowned Best Offshore Law Firm at the prestigious WealthBriefing European Awards 2020.
10/14/2020
Druces crowned International Legal & Fiduciary Team at the WealthBriefing European Awards 2020
These awards recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect exce