Blockchain 2024 - Bermuda (Legal 500) 1. Please provide a high-level overview of the blockchain market in your jurisdiction ...
November 15, 2024 By: Artin Betpera, Christina Morgan and David Liu I. Introduction Any business operating a website needs to be aware of the proliferation of lawsuits targeting websites which use any type of customer tracking technology. While advantageous to the business in its marketing efforts, the data collection subjects the business to potential liability ...
Essential facts: state of mind and accessory liability for company directors At first instance and before the Court of Appeal, the Claimant, Lifestyle, successfully argued that the defendant company and two of its directors were jointly liable for trade mark infringement, and the directors had been ordered to account for profits made by them in connection with the company's infringements ...
Chapter 647 of the Laws of Malta, titled the Markets In Crypto-Assets Act (hereinafter referred to as “Chapter 647”), integrates all aspects of Regulation (EU) 2023/1114 of the European Parliament and Council on markets in crypto-assets (“MiCAR”) ...
The new Network and Information Systems Directive (NIS2) came into effect on 18 October 2024 and with it comes an overhaul of the way in which cybersecurity risk management is regulated in Europe. Given that cloud-based architecture is now considered the industry-norm, data centres have become the custodians of the vast majority of our digital economy and form a core aspect of any critical infrastructure or service ...
What are single-use vapes and why are they being banned? Single-use vapes are vapes which are not designed or intended to be re-used and are not refillable and/or not rechargeable. They are being banned for both health reasons and environmental reasons. As regards the environmental reasons, they pose a major waste problem in the UK, as they are often thrown away in general waste or littered, instead of being recycled ...
Since 2009, Christian Bohne has assisted companies and banks with corporate legal advice. He has specialised expertise in insolvency and restructuring and is regularly appointed as an estate administrator and restructuring agent by Agder District Court. Christian advises companies facing financial difficulties, banks handling defaulted engagements, as well as creditors, shareholders, and boards on liability issues. Christian has 11 years of experience as a lawyer at Kvale Law Firm in Oslo ...
In October of 2024, the Office of Federal Contract Compliance Programs (“OFCCP”) announced it had received two Freedom of Information Act (“FOIA”) requests to disclose EEO-1 Type 2 Consolidated Report data, which is filed annually by prime federal government contractors and first tier sub-contractors. The Type 2 report is one of the annual filings required for multiple-establishment covered contractors. The report includes demographic data for all U.S ...
On October 11, 2024, the United States Department of Defense (DOD) published a final rule implementing its Cybersecurity Maturity Model Certification (CMMC) program, which is designed to verify that defense contractors are adequately protecting sensitive information from cybersecurity threats. The CMMC applies to contractors who process, store, or transmit Controlled Unclassified Information (CUI) or Federal Contract Information (FCI), which is most DOD contractors ...
The domestic implementation of NIS2 continues to advance at pace. In this note, we outline Italy’s formal adoption of NIS2, highlight the key dates you need to know for registration, compliance and enforcement. For further information about NIS2, including sector-specific guidance, please visit our Resiliency page ...
The Krogerus Data Symposium 2024 brought together hundreds of data and AI experts on 23 October at Lasipalatsi to discuss the upcoming changes brought by the Data Act and the AI Act. This year, the programme highlighted both the practical challenges and opportunities that technological advancements and the EU legislator's responses to them will present to companies' operations ...
Celebrating Nigel Carey's 50 years in law Nigel attended Elizabeth College in Guernsey and then Southampton University from 1967 to 1970, becoming a solicitor of the Supreme Court of England and Wales in 1974 and an Advocate of the Royal Court of Guernsey in 1975 ...
By: Natalie Benayoun, Esq. The Federal Trade Commission (FTC) has announced its final “Click-to-Cancel” rule in response to the overwhelming number of consumer complaints about negative option and recurring subscription practices. The Click-to-Cancel mechanism ensures that sellers make it as easy to cancel a subscription as it is to sign up. “Too often, businesses make people jump through endless hoops just to cancel a subscription,” said Commission Chair Lina M ...
1. Introduction We are not only living in a digital age but also in an age where individuals and businesses increasingly depend on banks for their day-to-day activities. The convergence of these two factors is compounded with the increased use of artificial intelligence (AI) both generally and specifically in the banking sector. From a general perspective, AI start-ups in 2013 received USD 2 bn in investments globally which increased twelvefold in 2018 to USD 24 bn [1] ...
By: Ruben Gotlieb, Esq. As many of you know by now, Donald Trump has won a second term as president. Additionally, Republicans in the U.S. Senate will have a small majority in Congress. It is still uncertain who will hold a majority in the House of Representatives. What does this mean for tax legislation set to expire, or “sunset,” at the end of 2025? To pass a permanent tax law, a majority of at least 60 senators is needed. Without this, the law can only last for 10 years ...
Carey Olsen lawyers achieve 31 individual rankings in The Legal 500 Caribbean 2025 Carey Olsen lawyers have secured 31 individual rankings in the 2025 edition of The Legal 500 Caribbean, including 18 'Leading Partner' rankings, 10 'Next Generation Partner' rankings and three 'Leading Associate' rankings ...
Resolutions and meetings of Guernsey Companies The articles of incorporation (the “Articles”) of a company must always be checked for specific requirements relating to general meetings. Note, however, that in certain circumstances the Articles may be overridden by The Companies (Guernsey) Law, 2008 (as amended) (the “Law”), which provides for certain basic shareholder protections in specific circumstances ...
Proposed amendments to the BVI Business Companies Act Register of members At the moment, a Company must maintain a private register of members (“Private ROM”), which includes the following information (the “Shareholder Information”): the date each shareholder held/ceased to hold shares in the Company; the number (and class) of shares held by each shareholder; each shareholder’s name and residential address, if they are a natural person; each s
Carey Olsen Bermuda celebrates standout results in The Legal 500 Caribbean Carey Olsen Bermuda has been promoted to Tier 1, the top ranking for practice area categories, in Corporate and Commercial and Insurance/Reinsurance, while also maintaining its Tier 1 rankings in Dispute Resolution; Regulatory and Compliance; and Trusts/Private Client ...
The Belgian takeover market is currently undergoing a full transformation. Three experts from the independent law firm, ALTIUS, share their insights about the new dynamics in the field of mergers and acquisitions (M&A). “We see clear links with restructurings, bankruptcies, and the evolution of the real estate market.” The new dynamics currently driving the takeover market in our country are the result of various factors ...
Integrating AI tools at work is not without danger. Three experts from the independent Belgian law firm, ALTIUS, explain how companies should best guard against ethical risks, data protection, intellectual property rights, and trade secrets. “It is essential that organisations teach their people to work with AI safely and responsibly ...
The Product Regulation and Metrology Bill (the “Bill”) was published on 4 September 2024 and will provide the Secretary of State with wide regulation making powers to replace, amend or update product safety legislation in the UK. Why is the Bill needed? The Department for Business and Trade’s impact assessment of the Bill stated that the “UK lacks powers to end recognition or to recognise new and updated EU regulations in GB” ...
The gaming industry, which has transformed from a niche market to a global powerhouse, has seen a significant surge in venture capital (VC) investment over the past few years. This trend is driven by the rapid growth of the gaming market, advancements in technology, and the increasing societal acceptance of gaming as a mainstream form of entertainment. Here’s a closer look at the emerging trends and key players in VC investment within the gaming sector ...
We are pleased to issue the tenth edition of the Regulatory Compliance Quarterly Updates. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to investment services, CSPs, fintech, insurance undertakings and insurance intermediaries ...
****Dear Ladies and Gentlemen!**** Since 2022 restrictions are imposed with respect to transactions with persons from “unfriendly” countries in the Russian Federation. Thus, for a certain number of transactions/operations (i.e. issuance/repayment of loans, execution of financial instruments, distribution of dividends/profits etc ...
