In this article, we examine (1) the new regime for safeguarding of customer funds applying to UK payment and electronic money institutions, (2) the impact these reforms will have on those firms and (3) in particular, the indirect effect the reforms will have on banks holding safeguarded funds and insolvency practitioners who manage the insolvency of a failed payment or electronic money institution.
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Asia-Pacific Restructuring Review 2025 Cryptoasset recovery and restructuring: lessons from the crypto winter in Singapore Asia-PaciRc Gestructuring Geview 2025 The Asia-PaciRc tesruncrnuigv tewie2 050C contains insight and thought leadership from 10 pre-eminent Asian .gures6 Across ,5 pagesv their articles comprise an inbaluayle retrospectibe on the jear kust gone6 All contriyutors are betted for their standing and wnoTledge yefore yeing inbited to tawe part6 Cogetherv thej capture and interpret the most suystantial legal and practice-related debelopments of the jear kust gonev complete Ti
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1 2 Capital Market 9 Dispute Resolution 14 Fintech 19 Media and Entertainment 24 RERA 27 Sports and Gaming 39 White Collar Crime 03 Competition Law 11 Employment Law 17 International Trade/ WTO 19 MCA 25 Restructuring and Insolvency 34 Technology 40 3 EXTENSION OF TIMELINE FOR FORMULATION OF IMPLEMENTATION STANDARDS PERTAINING TO SEBI CIRCULAR ON “SAFER PARTICIPATION OF RETAIL INVESTORS IN ALGORITHMIC TRADING”1 Securities Exchange Board of India (“SEBI”) issued a circular “Safer participation of retail investors in algorithmic trading” dated February 04, 2025, which aimed at ensuring safer
If the overarching theme of 2024 was continued uncertainty (Ten litigation trends to watch for 2024), 2025 already looks set to be another unpredictable year. Various doom-laden economic forecasts indicate that 2025 will be a challenging year for the UK economy.
Following the High Court’s landmark case in 2023 where cryptocurrency was recognised by the Court as property and could form a subject matter of a trust, the High Court recently further clarified the trust relationship between exchanges and their customers. Non-Consenting Customers (NCCs) who did not accept the 2018 Terms and Conditions (T&C) were found to have a proprietary interest in their assets, giving them priority in the liquidation process. Conversely, customers who had agreed to the T&Cs were treated as unsecured creditors.
New rules in the UK allow Companies House to share non-public information with insolvency officeholders and the Official Receiver.
While in many cases there may be limited non-public information available from Companies House that will be useful to insolvency officeholders, this is another tool available to deploy in appropriate cases. It is specifically envisaged to assist officeholders pursuing claims for fraudulent and wrongful trading, transactions at an undervalue and preferences.
The bankruptcy of the Mt. Gox cryptocurrency exchange in 2014 was a pivotal moment in cryptocurrency history. It demonstrated the vulnerabilities of early cryptocurrencies and saw the worst fears of the industry become a reality. However, in the years since it has also provided an excellent example of the successful tracing and recovery of a variety of asset classes. Creditors have recently received the first distributions from the recovered assets of Mt Gox, in stark contrast to the initial claims that access to the assets had been lost forever.
Background
このたび、森・濱田松本法律事務所アジアプラクティスグループでは、東南・南アジ ア各国のリーガルニュースを集めたニュースレター、MHM Asian Legal Insights第167 号（2024 年 9 月号）を作成いたしました。今後の皆様の東南・南アジアにおける業務 展開の一助となれば幸いに存じます。 ※本レターに記載した円建て表記は、ご参照のために、各現地通貨を現在の為替レー トで換算したものとなります。 1. タイ： 個人情報保護法（PDPA）施行以来、初の行政罰が適用され た注目事例 タイの個人情報保護委員会（Personal Data Protection Committee：「PDPC」）は、2024 年 8 月 21 日、タイ個人情報保護法（Personal Data Protection Act：「PDPA」）の違反に よる初の行政罰を科したことを発表しました。PDPA の違反による行政罰の実際の適用 は、PDPA が 2022 年に全面的に施行されて以来初めての事例となり、現地でも注目さ れています。 PDPA の違反による初の行政罰の適用事例（「本件」）は、オンライン通販事業を行う 現地企業（「本企業」）から、詐欺的な Scam Call を行う詐欺グループに、大量の個人情 報が流出したという事例です。