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 ...
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 ...
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 ...
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” ...
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 ...
Carey Olsen takes lead role in new TISE 'Specialist Companies' equity rulebook Carey Olsen is part of the TISE Rules Committee, which helped finalise the Specialist Companies Equity Rules (as well as all previous Listing Rule updates). The Specialist Companies Equity Rules are intended to attract privately held structures whose securities are not intended to be frequently transferred or traded and which are primarily held by institutional and professional investors ...
As the year winds down, it’s a good time to take stock of your life as both a person and a litigator. Are you going in the direction you want, are you shortchanging one aspect of your life to benefit another? Is it working for you? Guests Anne Marie Seibel and Paula Hinton are experienced and highly successful litigators who explain how they learned to balance family and careers, professional goals, and personal aims ...
Incorporating a Guernsey Company Guernsey companies are regularly listed on the Main Market and AIM Market of the London Stock Exchange as well as, among others, the New York Stock Exchange, Euronext, The International Stock Exchange (formerly the Channel Islands Securities Exchange) and the Hong Kong Stock Exchange ...
****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 ...
Five Carey Olsen partners named leading Cayman lawyers by Lawdragon Lawyers featured in the 2025 guide are regarded as specialists in their field, have typically practised for 10 years or more and have significant on-the-ground experience in the Cayman Islands. Lawdragon's selection process incorporates nominations and extensive independent journalistic research, drawing on their more than 35 years' experience of legal research and reporting in the United States ...
Guernsey Incorporated Cell Companies Key features The Companies (Guernsey) Law, 2008 (the “Law”) provides for the creation of the incorporated cell company. An ICC is a company which has the power to establish incorporated cells as part of its corporate structure. Like a protected cell company (“PCC”), an ICC may comprise any number of incorporated cells (“Cells”) ...
Carey Olsen named among Singapore's Best Law Firms by The Straits Times The list recognises the 100 most highly regarded law firms as recommended by almost 6,000 legal professionals across 18 different fields of law. The firm has previously been recognised by the Singaporean newspaper as 'Singapore's Best Law Firm' for 2022 and 2023 ...
Our readers may recall our column in this magazine last Fall involving a SALT malpractice suit filed against a North Carolina CPA firm by its former client, Vista Horticulture, Inc. d/b/a Eden Brothers. If you or your spouse are gardeners, you may know the company as an online seller of flower bulbs and seeds, etc. to customers all over the country ...
The International Entrepreneur Rule (“IER”) is a mechanism enacted by the U.S. Department of Homeland Security (“DHS”) in 2017 to help encourage noncitizen investors and entrepreneurs to continue their business ventures in the United States. Under the IER, Entrepreneurial Parole is available for up to three persons who have a substantial ownership interest (at least 10%) in a startup entity created in the U.S. in the past five years ...
As part of our ongoing commitment to Corporate Social Responsibility, the team at Mamo TCV is proud to support the Action for Breast Cancer Foundation. Through a collective effort, our staff members raised proceeds which were donated to fund Cold Caps for patients undergoing chemotherapy. Cold Caps play a crucial role in helping individuals retain their hair during treatment, contributing to a sense of dignity and well-being throughout their journey ...
Federal Decree-Law No. 51/2023 Promulgating the Financial Reorganisation and Bankruptcy Law (the Bankruptcy Law) introduced a new bankruptcy regime in the UAE, but left a number of key issues to be addressed under later implementing regulations. These regulations have now been issued under Cabinet Decision No. 94/2024 On the Implementing Regulation of the Financial Restructuring and Bankruptcy Law (the Implementing Regulations) ...
The FCA has published the results of its culture and non financial misconduct survey. Here are some points to note. Key facts: The FCA surveyed regulated wholesale financial services firms asking questions about incidences of non-financial misconduct and the firm’s policies and procedures relating to firms’ culture ...
The EU Data Act will apply from 12 September 2025. Thus far, much of the attention has focused on the IoT side of the regulation, specifically on data holder obligations and data sharing. Discussion around Chapter VI of the Act concerning switching between data processing services (such as IaaS, PaaS, and SaaS) and its implications for such services has been relatively sparse ...
By: Melissa Groisman, Esq. As of October 1, 2024, Florida has implemented stricter flood disclosure requirements for residential real estate transactions. This means that sellers are now required to disclose a property’s flood risk to potential buyers prior to executing a purchase and sale agreement. What Does This Mean for Sellers and Buyers? Sellers: To comply with the new law, sellers must disclose any previous flood damage claims and federal assistance received due to flooding ...
Here's a refresher: Discriminating against a subclass of a sex — e.g., older women or black women — may still be discrimination. In a Sept. 19 opinion in McCreight v. AuburnBank, the U.S. Court of Appeals for the Eleventh Circuit clarified a few things for the summary judgment standard and provided a good refresher on "sex-plus" discrimination, or discrimination based on a subclass of sex ...
On October 21, 2024, the Division of Examinations of the United States Securities and Exchange Commission (the “Division”) published the Fiscal Year 2025 Examination Priorities. In addition to investment advisers, the Division has examination responsibility for broker-dealers, investment companies, self-regulatory organizations, clearing agencies and other market participants such as municipal advisors ...
Hark! A recent Alabama Supreme Court indemnity decision, Mobile Infirmary Association v. Quest Diagnostics Clinical Laboratories, may require you to retrieve your drafting pen. Although not a case involving a construction dispute, Mobile Infirmary does address a key component of risk shifting in construction contracts — the indemnity clause ...
1. Introduction The Act imposes an obligation on companies and other legal entities to obtain information about the company’s beneficial owners. The purpose of the Act is to improve access to information about ownership and control in Norwegian companies, and to be a tool in the fight against money laundering, terrorist financing and other financial crime. The parties subject to the Act are referred to in the Act as «obliged entities» ...
