Reminder: Initial Board Diversity Matrix Now Required for Nasdaq Companies

All Nasdaq-listed companies must now disclose a board diversity matrix by the later of (1) August 8, 2022, or (2) the date the company files its proxy statement for the 2022 annual meeting of shareholders (or, if companies do not file proxy statements, in their annual report on Form 10-K or 20-F). Companies may provide … Read more

Financial Regulation Innovation: Policy Direction of FSC

Lee & Ko’s Digital Finance Team takes a close look at the establishment of the Financial Regulation Innovation Council, the direction of the financial regulation innovation announced by the Financial Services Commission, and the points to consider in relation to future improvements to financial regulations. 1. Establishment of the Financial Regulation Innovation Council On July … Read more

Closing the loophole or cumbersome rules? Beneficial owners of non-UK companies acquiring property within the UK to reveal their true identities

Due to the recently heightened threats surrounding money laundering, the Government expeditiously passed the Economic Crime (Transparency and Enforcement) Act on 15 March 2022 and launched a new register of overseas entitlements (the ROE). The ROE seeks to document the true beneficial owners of all non-UK companies already owning UK properties – since January 1999 … Read more

UK Real Estate Transactions With Overseas Entities- Impact of the Economic Crime (Transparency and Enforcement) Act 2022

On 1 August 2022, a new Register of Overseas Entities (ROE) was launched at Companies House pursuant to the Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA). In a nutshell, any overseas entity wishing to buy, sell, lease or charge property in the UK will be required to provide details of its beneficial owners or … Read more

‘Significant, insidious’ and often unreported, financial elder abuse is increasing, lawyers say

Sitting in the home she had to fight her son to reclaim, Kim is long past mincing words. Key points: A woman was left with nowhere to go after transferring her home to her son Lawyers say it is a classic case of financial elder abuse, which they believe is increasing It is a hidden … Read more

The UK Government’s Early Proposals for Innovation-Friendly AI Regulation

The UK government has recently published a Policy Paper setting out its early proposals for what the UK’s regulatory framework in respect of artificial intelligence (AI) might look like (the “Framework”). This follows the National Artificial Intelligence Strategy, which was published in September 2021 and specified AI regulation as a priority for the UK government. … Read more

Job Check – top 5 things you need to know

The Job Check is the second stage in the three-step process of securing a work visa for a migrant worker and can be a “make or break” step in the visa process. To make the complex simple, we have listed our top 5 “need-to-knows” about the Job Check process: Employer’s Responsibility – Just like applying … Read more

Insolvency Alert: Company has overdue liabilities? Be aware of Director Penalty Notices

In April 2022, the ATO began writing to batches of company directors in relation to unpaid liabilities informing them about the risk of their personal liability for unpaid company tax debts. If not acted upon, directors are at risk of receiving a Director Penalty Notice (DPD). These letters pre-DPN will continue to be sent to … Read more

Bill 96 and its impact on real estate matters in Quebec

On June 1, 2022, An Act respecting French, the official and common language of Québec (commonly referred to as “Bill 96”) was assented to. Below is a brief summary of Bill 96’s impact on Quebec real estate matters. 1. Registration of documents at the land registry office As of September 1, 2022, all real estate … Read more

Découvrir l’entrepreneur en soi | Droit Inc.

Me David H. Benarroch. Photo: LinkedIn Me David H. BenarrochBarreau 2019, s’est joined this month à Claria Développement, un fonds d’investissement privé dans le domaine de l’immobilier. Joint par Droit-inc, Me Benarroch, qui était chez Fasken depuis un peu plus de trois ans, explique qu’il ne renonce pas entiété au droit. S’il n’est plus “exclusively … Read more