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The use and regulation of artificial intelligence offshore: An emerging legal landscape
Artificial intelligence is rapidly transforming industries globally and financial services is not exempt. In this article, we look at developments in the UK Overseas Territories and Crown Dependencies focussing on the British Virgin Islands and the Cayman Islands, which both serve as major international financial centres. As financial services businesses look to the future, the need to embrace AI becomes important, and all international centres, including the BVI and the Cayman Islands will need to consider the question of how AI will be regulated and the impact of that regulation on day-to-day business operations.
Read more The Grand Court has recently had cause to consider the interplay between the Cayman Islands restructuring officer regime, which was introduced following legislative...
Where a group’s holding company is incorporated in the British Virgin Islands (BVI), it has access to the BVI courts for the purpose of attempting to restructure its...
You will be aware from our updates issued on 18 August and, more recently on 20 September, that on 1 January 2023, various significant amendments to the BVI’s Business...
You will be aware from our updates issued on 18 August and, more recently on 20 September, that on 1 January 2023, various significant amendments to the BVI’s Business...
On 1 January 2023, various significant amendments to the BVI’s Business Companies Act 2004 will come into force.
This article broadly discusses the key restructuring tools available in all three jurisdictions and examines, in particular, the broad-based similarities and...
The June 2022 edition of Corporate Rescue and Insolvency Journal is now available to subscribers on Lexis Library.
While there has not been the deluge of restructuring deals that insolvency practitioners had predicted as a result of the global pandemic, it is certainly true that the...