The UK Office of Financial Sanctions Implementation (OFSI) has updated its guidance on ownership and control. If a person or entity is on the UK sanctions list (known as a “designated person”), their assets will be frozen. This extends to
This GT Advisory looks at the types of claims UK businesses, their directors and shareholders may be involved in over the next few years, including allegations of breach of directors’ duties, unfair prejudice petitions and breach of contract.
As anticipated, the Economic Crime Bill was passed and became the Economic Crime (Transparency and Enforcement) Act 2022 on 14 March 2022. Overseas entities, their beneficial owners and officers may take steps now to consider whether they are required to
Despite the rhetoric, it is clear that the United Kingdom has not, in fact, been leading the way on sanctions against Russia in response to Russia’s invasion of Ukraine. The UK has fallen behind the United States and European Union
The Financial Conduct Authority’s (FCA) work at the intersection of Environmental, Social and Governance (ESG) concerns and UK financial services forms part of a wider push by the UK government towards “Greening Finance”. The last year or so has been
As anticipated in our previous GT Alert, the UK government is bringing forward its economic crime legislation in response to Russia’s invasion of Ukraine. The measures include:
The invasion of Ukraine by Russian forces was much heralded by U.S. and UK intelligence services but the scale of the attack seemed to take the West by surprise when it actually happened this week. In the UK, after criticism
On Feb. 24, 2022, Prime Minister Boris Johnson announced a comprehensive package of sanctions targeting Russian entities and individuals following President Vladimir Putin’s invasion of Ukraine. This followed the day after he ordered troops into the so-called “breakaway” republics of
The Court of Appeal has clarified that to succeed on an unfair prejudice petition, the petitioner must demonstrate the unfair prejudice results from the conduct of the affairs of the company (Primekings Holding Limited and others v Anthony King
The long-awaited UK data transfer mechanism has been published by the Information Commissioner’s Office (ICO), resolving the question of how international transfers of personal data from the UK will be handled post-Brexit. As a refresher, the European Commission published four