Managers of Wealth Offshore

Managing Your BVI Business and Transactions During the COVID-19 Pandemic

The BVI Registry, the Financial Services Commission and other public offices remain in operation during the lock-down on a remote basis.

Maltese Court orders seizure of €29.5m of assets belonging to 'Vatican Bank'

A court order was issued today directing that money or property of the IOR be seized.

Federal Council aims to strengthen Swiss debt market through tax reform

This will enable corporate groups to issue their bonds in Switzerland without withholding tax hurdles.

Collas Crill Advises On £70M Bath Street Redevelopment Project

The Collas Crill team advised on all aspects of the project including advice on the development structure, lease agreement, funding, planning and construction.

Guernsey legal and regulatory update

Guernsey's Revenue Service has introduced an online service for companies completing and submitting their corporate tax returns.

The Foundation Company as a Decentralised Autonomous Organisation (DAO) in the Cayman Islands

The timing of the enactment of the Law was also fortuitous as it coincided with the popularisation of decentralised autonomous organisations (or DAOs), most of which utilise blockchain technology.

Key legal due diligence requirements for offshore structures in corporate and finance transactions

It may be that, in view of current market uncertainties, an enhanced due diligence approach is required for certain types of transactions.

British Virgin Islands Segregated Portfolio Companies

It is not intended to be exhaustive but merely to provide general information to our clients and their professional advisers.

Offshore Business Update: Jersey

The Jersey Financial Services Commission (JFSC) is now working remotely.

Offshore Business Update: Cayman Islands

In particular we will focus on the impact to filings, ability to conduct searches, certificates of good standing, other relevant searches, court sessions, travel restrictions and the implications for Economic Substance compliance and residency.

Cayman Islands: Record-Keeping Obligations of Trustees

The Amendment and the Regulations apply to trustees of Cayman Islands trusts wherever the trustee is located.

Hong Kong Court looks again at the Rule in Gibbs in China Singyes

The proposed schemes, promoted in Hong Kong and Bermuda, sought to compromise those debt securities with US$41.4 million paid upfront and new notes being issued to the value of the remaining debt.

Appleby Advises DBS Bank on Financing for Privatisation

The team advised DBS on the debt and security structure from a BVI and Cayman Islands law perspective and assisted them throughout the transaction as offshore counsel.

Close friend of Spain’s emeritus king transferred $39 million from “donation” to a US bank

A request for judicial cooperation sent by Swiss prosecutors to a Spanish judge reveals multiple payments to Corinna Larsen, who used part of the money to purchase real estate

Check your privilege in settlement discussions – WP or not WP, that is the question…

The Court of Appeal held that the settlement agreement and its schedules were not subject to WP privilege.

Use loot to set up a karuna-virus fund

Switzerland has been a haven for hiding wealth for centuries, at least since the 18th century.

Coronavirus Job Listings and Money Laundering Schemes

Scammers posing as a legitimate charity foundation are hiring online customer service representatives that are required to do some groundwork in an initial stage.

Hong Kong Court’s first consideration of PRC law governed debt in sanctioning a scheme of arrangement: Gibbs Rule revisited

Confirming that in assessing this, the Court would take a robust and practical approach.

Carey Olsen enhances dominant position in Channel Islands funds market after 10 years of exceptional growth

Of the 1,053 Channel Islands domiciled funds Carey Olsen now advises, 675 were Guernsey schemes

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