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Introduction On 6 January 2021 the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 (the DPI Law) came into effect, together with the Financial Services (Disclosure and Provision of Information) (Jersey) Order (the DPI Order) and the Financial Services (Disclosure and Provision of Information) (Jersey) Regulations (the DPI Regulations). The DPI Law affects Jersey companies, foundations, incorporated limited partnerships, limited liability companies, limited liability partnerships and separate limited partnerships (both existing and new). The DPI Law introduces a ...

Many companies are subject to a statutory activity and reporting obligation relating to equality and non-discrimination. The obligation is regulated in the Gender Equality and Discrimination Act, which imposes a mandatory working method on employers that includes documenting and managing risks of discrimination and obstacles to gender equality within companies. Many companies will have to spend time and resources on implementing sufficient systems and routines to comply with the new rules.

Introduction For many Guernsey tax-resident companies, the onset of the COVID-19 pandemic created difficulties in complying with economic substance requirements. Guernsey tax-resident companies carrying out certain relevant activities must comply with the substance requirements set out in the Income Tax (Substance Requirements) Implementation Regulations 2018 (as amended) (the regulations). In particular, these include requirements that a company's activities be "directed and managed" from Guernsey, and that certain "core income-generating activities" (CIGAs) be carried out in Guernsey. Diffi...

pollution prevention. Registration of a vessel or asset in a recognised and respected flag state may therefore be regarded as a form of quality assurance. In Norway, such government regulation is managed by the Norwegian Maritime Authority, which has approximately 12,000 vessels (both commercial and non-commercial) on its books, flagged under both the Norwegian Ordinary Ship Register and the Norwegian International Ship Register. Any vessel operating in Norwegian waters exceeding 15m in length, as well as oil platforms and other mobile offshore units (eg, drilling rigs), must be registered, u...

The Ministry of Environment and Energy recently announced the adoption of fiscal and structural measures aiming to secure the adequacy of funds on the special account for financing the renewable energy source (RES) projects operating in Greece and ensure the gradual adaptation of the RES industry to the recently launched operation of the electricity target model.