11/08/2020
Background The Plaintiff, Torchlight Fund LP, brought claims against Millinium Asset Service Pty Ltd and others, the 1st to 3rd Defendants (the MAS Parties) alleging conspiracy and other economic torts (the Conspiracy Proceedings). The Plaintiff was the R
11/08/2020
The offshore, corporate and wealthy unit was established by HMRC at the time of the 'Panama Papers' scandal in April 2016.
11/06/2020
The legislation has been drafted in line with current FATF (Financial Action Task Force) rules, aligning the crypto industry with international anti-money laundering standards.
11/05/2020
Carey Olsen advises ad hoc group of lenders in Survitec restructuring
As part of the transaction, ownership of the Survitec Group was transferred to the group's lenders who were represented by Carey Olsen in Jersey.
11/05/2020
The award will be the sixth time that Ogier globally has won the accolade offshore law firm of the year in the last two years
11/05/2020
Mourant was one of seven firms shortlisted for the 'Offshore Firm of the Year' title.
11/05/2020
BAHAMAS: New legislation criminalizes financial schemes
Licensees will also be required under the Bill to have adequate financial resources and be solvent and to have adequate insurance coverage appropriate to their business operations.
11/04/2020
Who's Who Legal recognises nine Carey Olsen partners as experts in private funds
Among the nine recognised, Ben Morgan, partner and head of the Guernsey corporate practice, is also the only Guernsey-based lawyer to be recognised as one of six 'global elite thought leaders' for the offshore region.
11/04/2020
The basic procedure begins with the lender suing the borrower to recover all sums plus interest due.
11/04/2020
Ogier advises Ardonagh Group on corporate restructuring and debt financing
Ogier also advised on the refinancing of high yield bonds and credit facilities as part of the debt financing.
11/04/2020
Cayman reports anti-money laundering progress to FATF
The FATF placed Cayman under observation to implement a total of 49 recommendations made by the CFATF in its evaluation.
11/03/2020
Maltese wealth firm appeals €1.2m fine
Company says that it is ‘undoubtedly disproportionate to the alleged breaches’
11/03/2020
New CIMA Rules for Registered Mutual Funds
New rules relate to contents of offering documents, segregation of assets and the calculation of asset values.
11/03/2020
UPDATE Cayman Islands – CRS and FATCA update
The Cayman Islands has extended the CRS and FATCA reporting deadlines to 16 December 2020 and the deadline for filing the new CRS Compliance Form has been extended to 31 March 2021
11/03/2020
Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses
A new virtual assets bill to bring in provisions to facilitate the phased rollout of the new rules was published last Thursday and will be presented at the next sitting of the Cayman Islands Legislative Assembly.
11/03/2020
All our teams work exceptionally hard to put the client at the centre of everything that we do so it is heartening to see that reflected back to us.
11/02/2020
Walkers Bermuda Acts as Counsel to Fleming Reinsurance
Fleming's acquisition provides Sinclair's shareholders with an absolute exit solution, allowing for operating expenses to be completely eliminated and capital to be released.
11/01/2020
The Irish Finance Bill 2020 has now been published and contains the legislation to implement the Irish Budget measures of 13 October 2020 and also certain new measures.
11/01/2020
Update prepared by Justine Lau (Partner, Hong Kong) and Jennifer White (Senior Associate, Hong Kong)
11/01/2020
To the extent this information was not previously required to be submitted at registration or incorporation it will be gathered by the Registrar as part of the annual return filing