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  • Article

    FCA Becomes AML And CTF Supervisor Of UK Cryptoasset Activities

    On 10 January 2020, the Financial Conduct Authority (FCA) became the anti-money laundering and counter terrorist financing supervisor for businesses that undertake the following cryptoasset activities
    United KingdomTechnology
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    Private Emergency Services For Buildings - Recent Amendments And Obligations

    On 28 June 2019, Order no. 75/2019 on "Performance criteria regarding the set-up, employment and equipment of voluntary and private emergency services", repealing Order no. 96/2016, was published in the Official Gazette.
    RomaniaReal Estate and Construction
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    Supreme Court Gave Explanations On Resolution Of Disputes With Tax Authorities In Accordance With Customs Code Of Eurasian Economic Union

    The Plenum of the Supreme Court of the Russian Federation (Supreme Court) passed Resolution No. 49 of 26 November 2019 entitled On Certain Issues Arising in the Judicial Practice in connection...
    RussiaLitigation, Mediation & Arbitration
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    New Belgian Prospectus Law Enters Into Force

    Belgium fittingly celebrated its national holiday with the entering into force of its new prospectus act.
    BelgiumCorporate/Commercial Law
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    The Benefits Of Blockchain Technology In Construction

    Given that construction accounts for a large share of society's energy and resource consumption, digitization can ultimately lead to more sustainable building by promoting productivity, quality and resource saving.
    DenmarkReal Estate and Construction
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    Taking Concurrent Evidence In International Arbitration For Procedural Efficiency

    With the growing need to improve efficiency in international arbitration, concurrent presentation of witness evidence is an attractive proposition for tribunals and parties endeavouring to achieve time and cost savings.
    AustraliaLitigation, Mediation & Arbitration
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    Workplace Bullying — The New Frontier

    The Government of Alberta, like other provinces, chose to statutorily regulate the employers' obligations and responses to workplace bullying, as a part of its overall response to harassment.
    CanadaEmployment and HR
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    UAE Introduces Economic Substance Legislation With Aim Of EU Blacklist Removal

    In response to the EU blacklisting of the UAE, the UAE has recently published its Economic Substance legislation (Cabinet Resolution 31 of 2019).
    GlobalCorporate/Commercial Law
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    New Licensing Guidance For PE Firms And Family Offices In Hong Kong

    In January 2020, the Securities and Futures Commission of Hong Kong (SFC) issued a circular, "Circular to private equity firms seeking to be licensed" (Licensing Guidance for PE Firms)
    Hong KongFinance and Banking
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    US Imposes Another Round Of Sanctions On Russia

    The United States has imposed a further round of sanctions on Russia in connection with the determination in August 2018 that Russia has utilized chemical weapons in the "Skripal attack" in violation of the US CBW Act.
    RussiaInternational Law
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    2020 Proxy Season Hot Topics: Part 1 – Ten Tips For Implementing SEC Rule Changes In Your Upcoming Form 10-K And Proxy Statement

    In March 2019, the SEC adopted a collection of amendments to its rules and forms intended to modernize and simplify disclosure requirements applicable to US public companies
    United KingdomCorporate/Commercial Law
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    New Diversity Disclosure Requirements For Federally Incorporated Public Companies

    Beginning on January 1, 2020, directors of a distributing corporation governed by the Canada Business Corporations Act (the "CBCA") will be required to inform shareholders at every annual meeting
    United KingdomCorporate/Commercial Law
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    New Rules For The Electricity Wholesale Market And Directly Negotiated Power Purchase Agreements Outside The Centralized Market

    The Romanian Energy Regulatory Authority (ANRE) has published on its web-site for public consultations a draft Order for the approval of the actions and rules that will be applied on the electricity
    United KingdomEnergy and Natural Resources
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    FMA Report - MIS Custody Review

    The long awaited thematic review of custody arrangements (Review) has now been completed and FMA have released their summary findings...
    United KingdomFinance and Banking
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    Task Force On Artificial Intelligence Hearing: Equitable Algorithms: Examining Ways To Reduce AI Bias In Financial Services – Key Testimony On Challenges And Opportunities

    The House Financial Services Committee created its Task Force on Artificial Intelligence to determine how to use AI...
    United KingdomFinance and Banking
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    LCIA Arbitration: Tribunal's Power To Order Security For The Amount In Dispute

    In the current economic climate, parties to commercial disputes are increasingly concerned about the recovery risk involved in pursuing arbitration proceedings, in particular the risk that an opponent may not be able to comply with an arbitral award made against it or that an opponent's future financial security becomes uncertain (such as a risk of insolvency arising after proceedings have been commenced).
    United KingdomLitigation, Mediation & Arbitration
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    LCIA Arbitration: Tribunal's Power to Order Security for The Amount in Dispute

    In the current economic climate, parties to commercial disputes are increasingly concerned about the recovery risk involved in pursuing arbitration proceedings, in particular the risk that an opponent may not be able to comply with an arbitral award made against it or that an opponent's future financial security becomes uncertain (such as a risk of insolvency arising after proceedings have been commenced).
    United KingdomLitigation, Mediation & Arbitration
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    New Proposed Tax Regulations Affecting Certain PFICs – Foreign Reinsurance Companies Take Note

    Traditionally, there have been many benefits to organizing reinsurance companies outside of the US, Bermuda, Ireland and Puerto Rico being preferred locations.
    United StatesInsurance
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    FINRA Encourages Member Firms To Provide Notice If They Engage In Activities Related To Digital Assets

    On July 18, 2019, FINRA issued Regulatory Notice 19-24, encouraging its member firms to keep their Regulatory Coordinators abreast of activities related to digital assets.
    United StatesTechnology
    DLA Piper UK LLP
    DLA Piper UK LLP
  • Article

    Single Source Contract Regulations - Recent Developments

    The UK defence sector continues to be subject to price regulation and scrutiny in respect of single source defence contracts. As outlined
    United KingdomGovernment, Public Sector
    DLA Piper UK LLP
    DLA Piper UK LLP

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