ECONOMIC SUBSTANCE REGULATIONS
New regulations in key offshore jurisdictions including the British Virgin Islands, Cayman Islands, Bermuda, Guernsey, Jersey and Isle of Man, Marshall Islands came into force at the beginning of 2019 which require entities carrying on specific types of business to demonstrate adequate economic substance in that jurisdiction, with reporting requirements commencing in 2020. The rules […]
EU General Data Protection Regulation
On Friday, May 25th, the new EU regulation for personal data processing takes effect. Personal data relates to any type of personal information that can be used to establish an identity, either directly or indirectly, like: a person’s name, passport number, e-mail address, place and date of birth. Personal data protection aims to protect the […]
