Managers of Wealth Offshore

A new narrative for funds transparency by Geoff Cook & Ben Robins

Some centres are already addressing these questions through specialist regimes, expertise and infrastructure for green finance, ESG investing and philanthropy.

Issue 2: Updates To The BVI Fund & Fund Manager Regime

Provisions come into force on 1 July 2020.

Cayman Island Private Funds Law, 2020

On 7 February, the Cayman Islands Government published the Private Funds Law, 2020 and the Private Funds Regulations 2020.

Another Strong Year At Appleby With Listing Deal Value Doubling Year On Year At HKD 15.8 Billion In 2019

Appleby acted as offshore counsel in listings on both the Main Board and the Growth Enterprise Market of the Hong Kong Stock Exchange.

Paradise Papers To Help Recover $45m In Lithuanian Bank Conspiracy

Vladimir Romanov allegedly looted millions of dollars from a failed bank that will now be clawed back.

The BVI Courts appoint a receiver to take control of a PRC judgment debtor’s assets

The case involved an application by a bank from the PRC for the appointment of post-judgment receivers by way of equitable execution over shares in a BVI company in order to enforce a multi-million dollar judgment debt.

Panama Papers Case to Net First U.S. Conviction

Prosecutors typically reduce charges against defendants who agree to plead guilty instead of going to trial.

Government set to defend $60 million lawsuit

Browne, also the country’s finance minster, explained that the government’s policy was, at that time, to protect “depositor” funds, not “inter-bank deposits” nor investments into the now-defunct ABI Bank.

Carey Olsen advises Bridgepoint on sale of Estera

Carey Olsen worked alongside lead counsel Travers Smith, advising Bridgepoint on the Jersey, Bermuda, British Virgin Islands, Cayman Islands and Guernsey legal and regulatory aspects of the transaction.

Redomiciling of companies between offshore financial centres – why businesses are consolidating

Migrations can broadly be achieved in two different ways: the migration of a company's corporate registration and the migration of a company's tax residence.

New Regime for BVI Closed-End Funds Brings Major Changes

Like professional and private funds, a closed-ended fund that otherwise meets the criteria for approval can begin operating prior to applying for recognition, provided it does, in fact, submit the application within 14 days of commencing operations.

Appleby Global Services Launches in Seychelles

Mauritius and Seychelles are strategically important jurisdictions for our international clients looking for a gateway into African and Asian markets.

Jersey’s Royal Court fines Abu Dhabi Commercial Bank £475,000

It argued that, while there is no allegation that either customer engaged in criminal activity, the transactions presented a clear risk of money laundering or terrorism financing.

Carey Olsen shortlisted for WealthBriefing European Awards 2020

Carey Olsen has been shortlisted for Best Offshore Law Firm at the WealthBriefing European Awards 2020.

BVI court considers registration of foreign arbitration awards

The decision of the Privy Council (on appeal from the BVI) in Vendort Traders Inc v Evrostroy Grupp LLC [2016] UKPC 15 which dealt with the position prior to the coming into force of the Arbitration Act 2013, therefore remains good law.

U.S., Jersey sign $300 mln Abacha loot repatriation deal with Nigeria

The governments of Nigeria, Jersey and the United States said in a statement they had entered into an asset recovery agreement to repatriate forfeited assets to Nigeria.

Getting Ready for PIPA

It is possible that the Personal Information Protection Act 2016 could finally become fully operative this year, after much delay.

Cayman Islands to require “4(4)” funds to register with CIMA and obtain local audits

The Bill will be debated by the Legislative Assembly and has been developed as part of the Cayman Islands commitment to remain a leading investment funds jurisdiction.

Mourant shortlisted for HFM 'Best Offshore Law Firm'

The winners will be announced at an evening ceremony on Thursday 19 March at the Natural History museum in London.

Walkers Dubai Named Best Offshore Law Firm 2020

The winners were announced at an evening ceremony on Wednesday 29 January at the Ritz-Carlton DIFC in Dubai.

Legal