Managers of Wealth Offshore

Fund managers pay the price for unjustified opposition to supervision order

The public importance argument was rejected on the basis that no public interest had been engaged

Appleby named Law Firm of the Year at Citywealth IFC Awards

Appleby awarded “Law Firm of the Year – Litigation” and named as a runner up for “Law Firm of the Year – Hong Kong & Singapore”

Ukrainian remanded in connection with case of $92m fraud

The alleged offences were perpetrated between 2011 and 2012.

Ogier's Rachael Reynolds named Offshore Litigator of the Year

Rachael has overseen very strong recruitment in Ogier's Cayman Dispute Resolution team, which has doubled in size amid a series of major instructions, with 85% of the new recruits being women.

Double "Law Firm Of the Year" win for Ogier at Citywealth IFC Awards

This is the fourth consecutive year that Ogier has been recognised at the IFC awards.

CBI Enhances Asset Suitability Review for UCITS Applications

The UCITS regime contains various requirements designed to support investor protection, including rules around eligible assets, diversification, liquidity, valuation, risk management, compliance and oversight and safekeeping of assets.

Winners announced at IFC Awards 2020

Trustee of the Year, Channel Islands & Isle of Man – Paul Hodgson, Butterfield Trust

Mourant shortlisted for PE Wire 'Best Fund Structuring Law Firm'

Winners will be announced at a ceremony at the Reform Club in London on Wednesday 11 March.

Mourant shortlisted for Offshore Firm of the Year at Chambers Asia-Pacific Awards

Mourant is highly regarded as one of the most dynamic offshore legal practices in Asia

M&A Deals Involving Trust and Company Services Providers – an Offshore Perspective

These transactions also involve lengthy and detailed due diligence exercises in respect of the client books which are essentially the real asset that is being bought and sold.

Police investigate "several" Latvian non-resident banks

Police have conducted investigations at various Latvian banks associated with the non-resident banking sector, according to unofficial information reported by Latvian Television (LTV) January 29.

Carey Olsen's Russell Clark named Crown Dependencies lawyer of the year for second consecutive time

Russell, who also heads up the trusts and private wealth practice in Guernsey, was shortlisted for the 2020 award alongside nine other private wealth lawyers from Guernsey, Jersey and the Isle of Man.

Prevention of Money Laundering and Terrorist Financing: Identity of beneficial owners

Professionals should keep records of all actions taken to identify the UBOs under point (i), (ii) or (iii) and they should be ready, when requested, to justify the measures they have taken.

Croatia, Unreal Estate

An investigation by OCCRP reveals a strange round of money between Russia and Croatia, made of purchases fictitious real estate and offshore companies

Revisiting And Resisting Freezing Orders

As a preliminary point, it is worth noting that freezing orders have two subcategories.

Transfer for TCU investigator whose spouse had secret BVI company

The Tax Compliance Unit was forced to transfer one of its employees out of its investigations department, after the Panama Papers revealed the employee’s spouse was the shareholder in a British Virgin Islands-registered company

Victory for Shanda Games in Privy Council minority discount appeal

The first instance Judge in Shanda Games had held that a minority discount should not be applied to the fair value determination.

Deutsche Bank’s Payments to Saudi Royal Adviser Under Scrutiny: F T

Following the conclusion of the internal investigation, six employees involved with the Saudi payments left the bank

Bermuda Employment Immigration Legal Developments

A number of confirmed changes to employment and immigration law in Bermuda are due to come into force in the year ahead, with further potential changes anticipated.

Ogier advises care home provider on acquisition and development finance deal

The Ogier team were lead counsel and assisted with all aspects of the transaction, leading negotiations for LV with the other law firms