FIG Bulletin 18 May 2020

Recent regulatory developments of interest to all financial institutions. Includes key COVID-19 updates from the UK FCA, AML/CTF updates and more.

COVID-19: FCA statement on handling of post and paper documents

On 13 May 2020, the Financial Conduct Authority (FCA) published a statement on how firms should handle post and paper documents during the COVID-19 pandemic.

Filed under:
European Union, United Kingdom, Banking, Capital Markets, Compliance Management, Derivatives, Insolvency & Restructuring, Insurance, IT & Data Protection, Tax, White Collar Crime, Hogan Lovells, Corporate governance, Digital currency, Money laundering, Due diligence, Arbitrage, Personal data, Coronavirus, Financial Conduct Authority (UK), European Commission, Financial Stability Board, HM Revenue and Customs (UK), European Banking Authority, Bank for International Settlements, Financial Action Task Force, Credit rating agency, Bank of England, European Systemic Risk Board, European Securities and Markets Authority, International Association of Insurance Supervisors, European Central Bank, GDPR
Location:
European Union, United Kingdom
Firm:
Hogan Lovells
Claims against insolvent funds

The drafting changes just discussed are primarily intended to ensure that funds do not become embroiled in contractual disputes, but in a global recession more and more funds are finding themselves in disputes that threaten to end up, and sometimes do end up, before the courts. In this chapter we analyse the legal issues surrounding key matters in the current litigious environment and cover the following:  

Filed under:
Cayman Islands, Insolvency & Restructuring, Litigation, Ogier, Share (finance), Shareholder, Fraud, Audit, Liquidation, Articles of association, Liquidator (law), Net asset value, Arbitrage, High Court of Justice (England & Wales)
Location:
Cayman Islands
Firm:
Ogier
Claims against insolvent funds

The drafting changes just discussed are primarily intended to ensure that funds do not become embroiled in contractual disputes, but in a global recession more and more funds are finding themselves in disputes that threaten to end up, and sometimes do end up, before the courts. In this chapter we analyse the legal issues surrounding key matters in the current litigious environment and cover the following:  

Filed under:
Cayman Islands, Insolvency & Restructuring, Litigation, Ogier, Share (finance), Shareholder, Fraud, Audit, Liquidation, Articles of association, Liquidator (law), Net asset value, Arbitrage, High Court of Justice
Location:
Cayman Islands
Firm:
Ogier