News and articles

One of the most popular mechanisms for settling trade disputes is the usage of arbitration judicial bodies, which besides being flexible and confidential are also quite the opposite of court litigation. However, an arbitration award given in one country is not very useful practically unless it will be able to be implemented in another country...

The United Kingdom is at the heart of resolving disputes that arise from agreements between parties residing in different countries. For instance, if participants agree to have their cases heard and decided by a neutral judicial body, the award therefore made internationally will usually require recognition and enforcement within the UK legal system. The mechanism...

Trade across national borders often results in conflicts that cannot be solved in one jurisdiction only. For many years, private dispute panels have been recognized as a viable channel for resolving such disagreements. However, a decision made overseas is practically worthless if the parties are not allowed to implement it in another country where the...

Conflict settlement in cross-border trade is vital as more and more transactions are made between different countries. Arbitration has become the first choice as it not only ensures impartial decision-making but also enables recognition of foreign arbitration awards in other countries. Germany is at the forefront of Europe due to an economically strong and legally...

Financial Transactions and Reports Analysis Centre of Canada has published updated guidance on exchange of personal material between informing entities. This material sets out procedure for entities that intend to voluntarily exchange data for purpose of combating money laundering and terrorist financing, in compliance with mandatory requirements for defense of personal data. New clarifications are...

For independent investment advisors, depositary is not ancillary service or technical detail. It is basic infrastructure of business. Client assets, transactions, reports, cash flows and most of operational load pass through depositary. A mistake in choosing such partner is costly – in terms of money, time and reputation. In practice, many consultants choose depositary by...

Choosing reliable custodian and related services is key element of corporate financial accounting and securities servicing infrastructure. Choosing wrong depositary partner can lead to delays in operations, errors in reporting, reduced investor confidence and increased operational risks. In today’s environment, companies are faced with wide range of custodians and services, which requires systematic approach to...

Term “ready-made company” refers to firm that is already already recorded with Companies House, has not been actively trading prior to sale, and is formally considered “empty”. Such firm has legal existence, registration number and date of incorporation, but, according to supplier’s assurances, has no trading register, obligations or accounts. After acquisition, new owner receives...

Financial Conduct Authority’s annual work programme sets out the regulator’s priorities for the planned period and serves as a guide for financial market participants, government agencies and other interested parties. The programme links FCA’s strategy to specific actions that the regulator intends to implement over the coming period and reflects a combination of tasks aimed...

Setting up firm in UK in 2026 remains accessible to non-residents: legal regulations do not prohibit foreigners from registering legal entity here. However, existence of firm itself and opening bank account are two different processes. While organizations registration is highly standardized, banking practices for legal entities with non-British ultimate beneficial owners present practical barriers and...

The landscape of monetary restriction in Canada has experienced a significant transformation with the introduction of the Retail Payment Activities Act (RPAA). For money services firms (MSBs) operating in the country, this act represents a paradigm shift in how remittances are regulated and how MSBs must conduct their activities. Understanding the nuances of the RPAA...

In an increasingly globalized world, asset-protection is a top priority for individuals and enterprises alike. Defending your wealth from lawsuits, creditors, and conceivable economic instability is crucial for economic security and peace of mind. One of the most effective and lawfully sound strategies for safeguarding your acquisitions abroad is the use of a Cook-Islands Trust....