The UK Privy Council has refused the family of the late Israel Perry leave to appeal concerning his transfer of the ownership of a Cayman Islands company into trust.

HMRC has issued new guidance for pension scheme administrators following the Spring Budget’s announcement that the lifetime allowance is to be abolished from April 2024.

Yesterday's Spring Budget (15 March 2023) unexpectedly announced the complete abolition of the lifetime allowance, meaning that for the first time there is no overall cap on the pension benefits an individual can have from a UK tax-favoured pension plan.

The Criminal Justice (Deferred Prosecution Agreements) (Jersey) Law 2023 came into force on 3 March 2023, offering corporate entities an alternative to criminal proceedings for wrongdoing in certain circumstances.

The validity of an Ontario will cannot be challenged while the testator is still alive, the Ontario Court of Appeal (the Court of Appeal) has ruled in Palichuk v Palichuk (2023 ONCA 116).

The Financial Conduct Authority's (FCA’s) Consumer Duty comes into force on 31 July 2023, explicitly requiring advisors to provide additional care to ensure they meet the needs of ‘vulnerable customers’.

New Zealand's Ministry of Justice has released draft regulations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 for public consultation.

The Australian Taxation Office (ATO) has announced that a new Register of Foreign Ownership of Australian Assets (the Register) will be introduced on 1 July 2023, recording foreign interests in a broad range of Australian land, entities, businesses and assets.

The England and Wales High Court has ordered the rescission of mutual wills made by a Dr and Mrs Naidoo in November 1998, leaving each spouse's residuary estate, if the other spouse did not survive them, to their son David Barton.

The Economic and Financial Affairs Council of the European Union (ECOFIN) has granted Uruguay the status of “cooperating jurisdiction without assumed commitments”, meaning that it is no longer on the EU’s list of non-cooperative jurisdictions for tax purposes.