
Publication
Small business restructuring in Australia
From 1 January 2021, Australia’s insolvency framework for small businesses changed. The purpose of the change was to assist small businesses.
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Global | Publication | January 2023
On December 27, 2022, the European Regulation on digital operational resilience for the financial sector was published. It entered into force on January 17, 2023 and will apply as of January 17, 2025.
The objective of DORA is to enable the European financial sector (construed broadly) to remain resilient in the event of a serious operational disruption as well as to prevent and mitigate cyber threats.
In particular:
The scope of the Regulation is very broad. DORA targets Luxembourg entities engaged in financial and insurance sectors, including, amongst others:
As well as any Luxembourg branches of the aforementioned entities.
DORA requires Member States to lay down rules on appropriate, effective, and proportionate criminal and administrative penalties and remedial measures for its breaches.
Publication
From 1 January 2021, Australia’s insolvency framework for small businesses changed. The purpose of the change was to assist small businesses.
Publication
In this edition of Regulation Around the World we review the position regarding beneficial ownership registers which has come into the spotlight following work by the Financial Action Task Force and the introduction of reforms in a number of jurisdictions.
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