05/03/2022
Mourant announces record number of promotions globally
In total, there were 23 promotions in Jersey, 13 in Cayman, seven in Guernsey, six in Hong Kong, five in London and four in the BVI.
Legal
05/03/2022
Contentious Trusts – Can the recipient of assets from a trust end up with a claim against them?
This decision dismissed SICL’s long-running claim that Saudi National Bank was liable in “knowing receipt” of trust property - by the time of the judgment the trust property had a market value in excess of £320 million - comprising
05/02/2022
An 'Unprecedented' Just & Equitable Winding Up of a Solvent Cayman Islands' Captive - Re Virginia Solution SPC Ltd
The decision also comes at a time when the Grand Court’s Financial Services Division has seen a steady flow of Winding Up Petitions being filed which seek compulsory winding up on the just and equitable basis.
04/29/2022
Guidance for employers: who is permitted to take leave for the bank holiday to commemorate the Queen's Platinum Jubilee?
There is no statutory requirement in Guernsey to give employees paid annual leave, enhanced rate of pay, or time off in lieu in respect of public and bank holidays.
04/29/2022
Conyers advises on the restructuring of Golden Wheel Tiandi Holdings Limited Senior Notes
The Conyers team, who worked alongside Linklaters as onshore legal advisor, also appeared on behalf of Golden Wheel in the Grand Court of the Cayman Islands with respect to the scheme of arrangement.
04/29/2022
British Virgin Islands: Premier Andrew Fahie arrested in US drug sting
Premier Andrew Fahie was detained in Miami by US agents posing as cocaine traffickers from a Mexican drug cartel.
04/29/2022
The sports industry: Laundering more than dirty kit?
But unfortunately, the reality is that the sports industry can be an attractive target for criminal activity, including money laundering.
04/29/2022
Gambling AML: Money Laundering Through Casinos
One of the industries with the biggest risk of money laundering is casinos.
04/29/2022
Be Extraordinary with Ogier: an interview with Ogier partner Katharine Marshall
Katharine Marshall recently joined the Ogier partnership
04/29/2022
Harneys Cyprus ranked high in Legal 500 Europe
Cyprus Managing Partner Pavlos Aristodemou continues the positive trajectory of being recognised in the Hall of Fame for Banking and Finance.
04/28/2022
Cayman Islands litigation trends from the Middle East – Security for Costs
The Cayman Islands is a "loser pays" jurisdiction in the context of litigation.
04/28/2022
Bedell Cristin launches new bursary and trainee schemes to Channel Islands' students
It's a paid two year programme with the opportunity to be considered for permanent opportunities at Bedell Cristin.
04/28/2022
Collas Crill Launches New Planning Application Service
The time it takes to actually start a project has increased over the same period.
04/27/2022
Cayman Islands fund finance update: A potential respite from Padma?
The judgment also expressed the view that all legal proceedings against an ELP (i.e. not merely winding up petitions) must be brought against the general partner.
04/27/2022
Jersey court jails three money launderers for total of 10 years
They were arrested on Thursday 28 October 2021 by officers from the States of Jersey Police Joint Financial Crime Unit along with assistance from the Jersey Customs and Immigration Service.
04/27/2022
Carey Olsen duo named in IFLR1000 Women Leaders list
The list recognises elite female lawyers who have outstanding reputations in their markets, and who demonstrate expertise in complex matters and strong leadership.
04/27/2022
Conyers advises Hestia Re Ltd. on its establishment and licensing as a special purpose insurer
This was the first catastrophe bond transaction of 2022 sponsored by Kin Interinsurance Network.
04/27/2022
Unravelling superyacht ownership structures reveals legal issues
To take ownership of the vessel, authorities would generally have to prove that the asset represents the proceeds of a crime.
04/26/2022
Cayman Court extends protection to those who invest through nominees
Earlier decisions explore the difficulties that these commercial nominee arrangements give rise to when the beneficial owner wishes to bring legal action in respect of the shares.
04/26/2022
Carey Olsen advises Stan Brouard on successful Certificate of Lawful Use application
The granting of the CLU by the DPA followed an application by Carey Olsen on behalf of Stan Brouard, and saw the law firm submit substantial documentary evidence, which sought to prove its long-held retail use.