Increase in Tier 1 Investor Visa applications driven by changes to US immigration
London business immigration lawyers have noticed an increase in applications for Tier 1 Investor Visas by ultra-high net worth individuals, fuelled in part by political instability in nations such as Russia and China, and also by changes to US Immigration. British Citizenship lawyers are often approached about this visa route as it is seen as a ‘fast track’ route to settlement …
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The Financial Instrument Test
A. INTRODUCTION By enacting the Virtual Financial Assets Act (VFAA), the Maltese Government has regulated the Blockchain / ICO / DLT industry. The law appoints the Malta Financial Services Authority (MFSA) as the designated authority to oversee this business. Since this industry has elements of the Financial Service Regulations (namely MiFID), it is important to …
Application Tips: How to Avoid a Refused UK Entrepreneur Visa
Under the UK Tier 1 scheme for high value migrants, the Entrepreneur visa was designed to entice foreign entrepreneurial talent and investment to Britain.
Rien ne va plus!
Austrian Real Estate and Construction Law On 30 June 2018 an amendment to the Vienna Building Code entered into force rendering it more difficult to demolish historic buildings in the Austrian capital. Is this the beginning of a new and hostile approach to owners of historic buildings? No! The Austrian Constitutional Court had already …
Court of Appeal Sounds Warning to Kenyan Banks Over Title Deed Forgery Syndicate
The Commercial Bank of Africa Ltd (CBA) has obtained a conservatory order at the Court of Appeal in Nairobi (the Court) restraining the Cooperative Bank of Kenya Ltd (Co-op Bank), Equity Bank Ltd (Equity), the Chief Land Registrar and other named Respondents from disposing or dealing in any way with a property in Riruta (the …
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The Unclaimed Financial Assets Act: Revisited
Prior to the enactment of the Unclaimed Financial Assets Act No.40 of 2011, (“the Act”) unclaimed financial assets were left under the control of the various holders or such entities where such assets were held. With the operation of the Act, all entities are required to report, trace and deposit any unclaimed financial assets with …
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The fifth anti-money laundering and terrorist financing directive (AML 5) – Key aspects and changes
On 19 April 2018, the European Parliament adopted the new directive on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing.
5th AML Directive – Key aspects
The 5th AML Directive was published in the Official Journal of the European Union on 19 June 2018, and will enter into force 20 days thereafter.
MiFID 2 and its distinctive Luxembourg features
On 31 May 2018, the law on markets in financial instruments (the “2018 Law”) as well as the grand-ducal regulation relating to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits (the “Grand-Ducal Regulation”) …
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Maltese Parliament has unanimously approved second reading of all three Cryptocurrency/Blockchain/DL
Maltese Parliament unanimously approves second reading of all three Crypto-currency Bills.