Third HSF webinar in Global CC&I Conference series: sanctions developments in a turbulent global environment

Herbert Smith Freehills LLP’s Seventh Annual Corporate Crime & Investigations (“CC&I”) Conference is being held as a Global Conference Series of webinars over the upcoming months. The first webinar took place on 18 June 2020 and covered the topic of “CC&I in the time of Covid-19”. The second took place on 16 July 2020 and covered the topic of “2020 Developments in Anti-Bribery and Corruption and Deferred Prosecution Agreements”. The third took place on 20 August 2020 and covered the topic of “Sanctions developments in a turbulent global environment”. Read more

ESMA writes a letter to the European Commission regarding the reform of the AIFMD

A letter to the European Commission dated 18 August 2020 from the European Securities and Markets Authority (ESMA) has been published. Ostensibly relating to the upcoming review of the Alternative Investment Fund Managers Directive (AIFMD), it is, true to recent EU legislative form, expansive in its ambition and has raised a number of questions around potential impacts on the whole of the fund management industry, including the Undertakings for Collective Investment in Transferable Securities (UCITS). Read more

Corporate Crime update – August 2020

Welcome to the August 2020 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Read more

EU introduces sanctions in relation to cyberattacks

On 30 July 2020, the European Council announced that asset freezing sanctions were to be imposed on six Chinese and Russian individuals and three entities (based in China, Russia and North Korea) responsible for, or involved in, various cyberattacks, including the attempted cyberattack against the Organisation for the Prohibition of Chemical Weapons and those publicly known as “WannaCry”, “NotPetya” and “Operation Cloud Hopper”. Read more

The Taxonomy Regulation: an overview

The Taxonomy Regulation entered into force last week, paving the way for a key pillar of the EU’s Action Plan on Sustainable Finance to be implemented from March 2021. As businesses and financial market participants prepare for the implementation of the Regulation, we take a closer look at its scope and operation. Read more