British Virgin Islands
A summary of the relevant timelines and an outline of other important changes under the Amendment Code are outlined in this update.
Unprecedented swings in the financial markets in recent weeks and the ongoing uncertainty surrounding how long the COVID-19 pandemic may last has had, and continues to have,...
Elias Neocleous & Co LLC
THE storyline in the narrative of literary works or films is commonly built around a raging battle between ‘good' and ‘evil' in the face of the fictional characters...
C.Savva & Associates Ltd
On 18 February 2020, the EU's Economic and Financial Affairs Council (ECOFIN) announced changes to its list of non-cooperative jurisdictions for tax purposes.
There have been a number of changes to the offshore funds landscape in recent months. Walkers' global team sets out below a high level summary of the current position...
The Financial Services Act 2019 ("FSA 2019") finally came into effect on 15th January 2020. It filled me with dread when I saw that it was 667 pages long and accompanied by 41 pieces of supporting...
Guernsey, a leading global centre in green and sustainable finance, is hosting an array of international speakers for its first Sustainable Finance Week - a daily series of seminars and podcasts - in June.
In these uncertain times, investors in investment funds are increasingly looking at options regarding their investment, including ways in which to redeem or recover their investment in such funds.
If you are reading this, I hope you are well. A great deal has happened since the Funds Forum was announced and then delayed in the wake of the ongoing Corvid-19 pandemic.
We have compiled the following chronology table which serves as a quick reference point to track the circulars and guidance published by HK financial services regulators in relation to COVID-19.
As the COVID-19 pandemic continues to disrupt everything from stock prices to supermarket shelves, the world is facing a diverse array of unprecedented challenges. Against this backdrop, there is a common thread throughout ...
Akin Gump Strauss Hauer & Feld LLP
The Financial Services and the Treasury Bureau proposed a limited partnership regime for investment funds in Hong Kong to enhance the attractiveness of the Hong Kong asset and wealth management industry
Dezan Shira & Associates
The Hong Kong Mortgage Corporation Insurance Limited (HKMCI) is introducing a new 100 percent loan guarantee under the Hong Kong SME Financing Guarantee Scheme (HKSFGS) to...
Kirkland & Ellis International LLP
On February 14, 2020, the Hong Kong High Court handed down a judgment (Cheung Ka Ho Cyril and others v Securities and Futures Commission (HCAL 2132-4, 2136-7/2018, unreported) dismissing...
Luxembourg has seen an exponential growth in demand for Alternative Investment Funds (AIFs) in recent years.
The Ministry for Finance and Financial Services welcomes the Spring Economic Forecast 2020 published by the European Commission (EC) which corroborates the Government's own macroeconomic forecasts in expecting economic growth ...
Fenech & Fenech Advocates
On 25 March 2020, MFSA issued a circular reminding firms of its expectations of the measures that they should have in place regarding complaints handling.
Government announced that it will be financing up to 2.5% of the interest rates on bank loans taken out by businesses hit by the COVID19 pandemic.
A two-month deferral for the payment of excise duties falling due in April or May has been announced by the Maltese Customs Department.
Even being a part of the statistically advanced country, a bank cheque is still the most used and reliable mode of payment even though in comparison to cash or wire transfer...