log in
Submit an Article | Back

Member Articles

Selected Filters:
Practice Industry: Financial Services

Sort By Title  |  Sort By Date

Transition plans: key to businesses achieving net zero
Shepherd and Wedderburn LLP, January 2022

 How will the UK become a Net Zero-aligned Financial Centre? Last month, the UK Government announced that the UK was to be the world’s first Net Zero-aligned Financial Centre. The Institute for Government defines “net zero” as “a balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere”...

Chilean Financial Market Commission Opens Public Consultation on Regulation of Fees on Money Lending Operations
Carey, January 2022

In compliance with the mandate set forth in Article 19 ter of Law No. 18,010 (the "Money Lending Operations Act"), incorporated therein by Law No. 21...

Eligible Uses of CARES Act Funds for Compliance and Management Expenses in 2022
Schwabe, Williamson & Wyatt, January 2022

Although the deadline for “incurring” CARES Act funds has passed, Alaska Native Corporations can still use CARES Act funds to pay for administrative and compliance related expenditures in 2022, including staff time spent administrating programs and CARES Act expenses incurred by December 31, 2022. According to U.S...

Chilean Competition Agency Files First Interlocking Lawsuit
Carey, January 2022

On December 27, 2021, the Chilean Competition Agency, Fiscalía Nacional Económica (“FNE”), filed the first lawsuit with the Chilean Competition Court, Tribunal de Defensa de la Libre Competencia (“TDLC”), for an infringement of the horizontal interlocking prohibition established in Law Decree No. 211 of 1973 (“DL 211”), against Mr. Hernán Büchi, Banco de Chile, Consorcio Financiero S.A...

Courts Begin Interpreting New Due Diligence Requirements For Trustees Before Filing Preference Actions, Pratt's Journal of Bankruptcy Law
Hunton Andrews Kurth LLP, January 2022

table border="0" width="780" cellspacing="2" cellpadding="0" tbody tr td https://www.huntonak.com/images/content/8/1/v2/81118/pratts-journal-of-bankruptcy-law-courts-begin-interpreting-new-d...

Courts Begin Interpreting New Due Diligence Requirements For Trustees Before Filing Preference Actions, Pratt's Journal of Bankruptcy Law
Hunton Andrews Kurth LLP, January 2022

table border="0" width="780" cellspacing="2" cellpadding="0" tbody tr td https://www.huntonak.com/images/content/8/1/v2/81118/pratts-journal-of-bankruptcy-law-courts-begin-interpreting-new-d...

Leveraging Fintechs and Big Data in a Fair Lending Focused 2022
Bradley Arant Boult Cummings LLP, December 2021

[!<CDATA[ Over the past decade, financial technology companies (fintechs) have been on the rise, disrupting all segments of the financial industry. Their innovative technology, swift adaptation to market trends, and ability to create personalized and efficient customer experiences enabled them to reshape the way we look at, use, and provide financial services...

New California Court of Appeal Decision Upholds Decisions Made By County Retirement System During Great Recession
Hanson Bridgett LLP, December 2021

After more than a decade of litigation, three appeals, and a two week bench trial, the Fifth District Court of Appeal (“DCA”) rejected claims by three retired members of a retirement system that a retirement board breached its fiduciary duties of loyalty and prudence to the retirement system’s members...

Year in Review 2021: Banking and Finance
Simonsen Vogt Wiig AS, December 2021

We have in 2021 seen a remarkable (continued) recovery in the Norwegian financial market. This is also evident from the perspective of our banking and financing team. We have assisted our clients with a considerable number of new financings and refinancings, across most sectors.  It has especially been hectic within the shipping, aviation and renewable energy sectors and we have seen a steep increase within acquisition financing...

NMLS Transition Update for Existing California Financing Law Licensees: CA DFPI has Extended the Deadline for Submitting Company (MU1) and Covered Person (MU2) Transition Applications to March 15, 2022
Buchalter, December 2021

December 17, 2021 By: Melissa Richards Earlier this year, we reported that the California Department of Financial Protection and Innovation (CA DFPI) published new regulations requiring all existing commercial lenders and brokers licensed under the California Financing Law (CFL) to transition their licenses over to the Nationwide Multistate Licensing System (NMLS) electronic portal by December 31, 2021...

Shearn Delamore & Co. Legal Updates December 2021 (1)
Shearn Delamore & Co., December 2021

Financial Services   Climate risk — progress of Joint Committee on Climate Change In a joint statement, Bank Negara Malaysia (“BNM”) and Securities Commission Malaysia announced on 10 December 2021 the following: the Joint Committee on Climate Change (“JC3”) will issue a Reference Guide on Climate Risk Management and Scenario Analysis, which sets out expectations for financial institutions to integrate climate-related risks considerations in finan

Why Draw Up a Shareholders’ Agreement?
Lavery Lawyers, December 2021

Shareholders? agreements set out shareholders? rights and obligations in various situations that may occur during a corporation?s existence. While it is true that corporate laws generally establish a common structure for all business corporations, they don?t do so in great detail. A shareholders? agreement is thus an invaluable tool for preventing conflicts and settling those that do arise...

ALRC Releases Report Proposing Financial Services Legislation Reforms
MinterEllisonRuddWatts, December 2021

On 30 November 2021, the Australian Law Reform Commission (ALRC) released its first Interim Report (Report) containing its recommendations, proposals, and questions in relation to the reform of corporations and financial services legislation in Australia. The ALRC’s inquiry is part of the Australian Government’s response to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission)...

FMA and DIA Issue Reminder About Outsourcing CDD to Third Parties
MinterEllisonRuddWatts, December 2021

The Financial Markets Authority (FMA) and the Department of Internal Affairs (DIA) have together released a guidancenote for reporting entities that rely on third-party agents to conduct anti-money laundering and countering financing of terrorism (AML/CFT) customer due diligence (CDD) processes on their behalf...

Kudun and Partners Represents BG Energy Solution Company Limited on its Project Refinancing of My Son 1 and My Son 2 for a Total Sum of VND 1.4 trillion from Vietcombank.
Kudun and Partners, December 2021

Kudun and Partners represented BG Energy Solution Company Limited, a subsidiary of BG Container Glass Public Company Limited (BGC) and Bangkok Glass Public Company Limited in a cross-border refinancing transaction in the form of a loan facility from Vietcombank for the sum of VND 760,625,000,000 for My Son 1 and 640,625,000.000 for My Son 2, totaling VND 1.4 trillion or approximately USD 61.6 million...

Kudun and Partners Represents T.R.V. Rubber Products Public Company Limited (TRV) on its IPO on MAI with a Market Capitalization of THB 483 Million.
Kudun and Partners, December 2021

Kudun and Partners represented T.R.V. Rubber Products Public Company Limited — one of the leaders in manufacturing and distributing of molded rubber products for automotive and electrical appliances — with respect to its initial public offering (IPO) on the Market for Alternative Investment (MAI), an alternative stock market for small and medium-sized enterprises, with a market capitalization of THB 483 million (approx. USD 14.31 million)...

Securities and Exchange Commission Issues New Universal Proxy Rules1
Bradley Arant Boult Cummings LLP, December 2021

[!<CDATA[ Recent changes in the Securities and Exchange Commission (SEC) proxy rules will give shareholders the ability to vote for directors like never before. The new rules will require companies to provide universal proxy cards to shareholders voting by proxy in contested director elections.  Universal proxy cards will require the company and the dissident to each list all nominated directors on their proxy cards...

Simonsen Vogt Wiig has been ranked #1 within FinTech in Norway for the third time in a row
Simonsen Vogt Wiig AS, December 2021

In the guide, Chambers notes: «It’s the leading tech law firm and has now become the leading FinTech law firm,» says an interviewee, who adds: «It’s the only law firm to enhance their FinTech offering consistently.» Our partners Espen Tøndel and Morten Winther defend their individual Band 1 rankings...

Feedback Sought on Exposure Draft of Deposit Takers Bill Released
MinterEllisonRuddWatts, December 2021

On Tuesday this week, the Reserve Bank of New Zealand (RBNZ) released an exposure draft of the new Deposit Takers Bill for public consultation. The consultation is open until 21 February 2022. Further public consultation is expected on the funding framework which includes industry levies before the Depositor Compensation Scheme is implemented. Links to the exposure draft of the Bill and the RBNZ’s explanatory notes are availablehere...

FMA releases new AML/CFT Sector Risk Assessment
MinterEllisonRuddWatts, December 2021

Yesterday, the Financial Markets Authority (FMA) released a new report, the ‘Anti Money Laundering and Countering Financing of Terrorism Sector Risk Assessment 2021’ (Sector Risk Assessment). The Sector Risk Assessment evaluates the money laundering and terrorism financing(ML/TF) risks posed specifically to the sectors supervised by the FMA, and updates and replaces the Sector Risk Assessment previously issued in 2017...

Amendments to Management Liability Under the Bankruptcy Law
Afridi & Angell, December 2021

This inBrief examines the latest amendments to the Bankruptcy Law (Federal Decree Law No. 9 of 2016, as amended) introduced under Federal Decree Law No. 35 of 2021 (the New Law) and their impact on the personal liability of the board of directors and managers of bankrupt companies. The New Law came into effect on 1 November 2021. In contrast with earlier amendments to the Bankruptcy Law (such as Federal Decree Laws No. 23 of 2019 and No...

Current Trends in Tech Exits and Financing
Shoosmiths LLP, December 2021

Shoosmiths’ London office hosted its first hybrid seminar on 23 November, With Alastair Peet, Steve Barnett and Lisa Faragher from our VC team teaming up with Pietro Strada and Paddy MccGwire from technology focused corporate finance house Silverpeak to discuss current trends in tech market exits and financings. The seminar also included a panel discussion with David Cocks, co-founder of CloudTrade and Simon King, Partner at Octopus Ventures...

Division of Examinations Observations: Investment Advisers’ Fee Calculations
Dinsmore & Shohl LLP, December 2021

On Nov. 10, 2021, the SEC Division of Examinations issued a Risk Alert regarding an advisory fees examination initiative (the Initiative). The Division of Examinations conducted 130 examinations of investment advisers focused on advisory fees, predominantly those charged to retail investors. This Risk Alert supplements the Advisory Fee Risk Alert issued by the Division of Examinations on April 12, 2018...

Observations from Examinations of Advisers who Provide Electronic Investment Advice
Dinsmore & Shohl LLP, December 2021

On Nov. 9, 2021, the SEC Division of Examinations issued a Risk Alert regarding investment advisers providing automated digital investment advisory services to clients (robo-advisory services and robo-advisers). These robo-advisers either exclusively provide online services or supplement their traditional investment advisory services by using proprietary software, third-party software, or a combination thereof...

Division of Examinations Observations: Investment Advisers’ Fee Calculations
Dinsmore & Shohl LLP, December 2021

On Nov. 10, 2021, the SEC Division of Examinations issued a Risk Alert regarding an advisory fees examination initiative (the Initiative). The Division of Examinations conducted 130 examinations of investment advisers focused on advisory fees, predominantly those charged to retail investors. This Risk Alert supplements the Advisory Fee Risk Alert issued by the Division of Examinations on April 12, 2018...

 

 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2022