Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of key government intervention measures across jurisdictions around the globe in relation to: Foreign Investment Restrictions Debt Equity Taxation EU State Aid Approvals (where relevant) READ REPORT We will…
Read publication Welcome to the 20th edition of the Asia Pacific Insurance Newsletter. This edition covers insights, pertinent…
In brief On 23 October 2020, ISDA launched the ISDA 2020 Fallbacks Protocol (the IBOR protocol) and the…
New Canadian trust reporting and disclosure rules will come into effect in 2021. In brief, the new rules will impose a filing obligation on certain trusts which currently do not have a filing requirement. They apply to non-resident trusts that currently have to file a T3 return and certain trusts that are resident in Canada. Such trusts will be required to report the identity of all trustees, beneficiaries and settlors of the trust, as well as anyone with the ability to exert control or override trustee decisions over the appointment of income or capital of the trust (e.g., a protector).
In July of 2017, Andrew Bailey, the chief executive of the UK Financial Conduct Authority (FCA), announced in…
On October 9, 2020, the Central Bank of Venezuela (“CBV”) ordered the suspension of products and services offered by universal and microfinance banks that facilitate the payment in foreign currencies for goods and services in Venezuelan (“Notice”).1 Â
Webinar: The new UK Foreign Investment Regime: Everything you need to know The UK’s foreign investment landscape is heading for a complete overhaul. On 11 November 2020, the UK Government introduced a new law that significantly expands its powers to review transactions on national security grounds, in line with global…
In brief On October 2, the Superintendence of Companies (“SS”) issued the Resolution 100-006261 (the “Resolution”), by means…
In brief On 5 October 2020, the Parliament approved the job creation law (RUU Cipta Kerja, commonly known…
In brief On October 9, 2020, the Central Bank of Venezuela (“CBV”) ordered the suspension of products and services offered by universal and microfinance banks that facilitate the payment in foreign currencies for goods and services in Venezuelan (“Notice”).1 In further detail 1.   Authorized banking operations. The Notice reiterated that…