Managers of Wealth Offshore

English Court of Appeal defines the limits of a trustee’s indemnity

The decision is indicative of the limitations that may be applied to trustee indemnities in offshore jurisdictions

Caribbean Legal Update – Appeal Decisions by The Judicial Committee of the Privy Council in London

The courts can also make orders to put the company back in the position it would have been in had the payments not been made.

Cayman Islands Mutual Funds (Amendment) Bill, 2020

The Bill, reflecting the Cayman Islands' commitment as a co-operative jurisdiction, is responsive to EU and other international recommendations and covers similar ground to existing or proposed legislation in a number of other jurisdictions.

Cayman Islands Private Funds Bill, 2020

On 8 January 2020, the Cayman Islands Government published a draft Private Funds Bill, 2020 which provides for the registration of closed-ended funds with the Cayman Islands Monetary Authority.

The Court of Appeal confirms that BVI liquidators can turn back time

There were no liquid assets in the liquidation estate

Restitution and unjust enrichment – a flexible tool in aid of justice

The principle of mesne profits was developed to compensate a landlord when a former tenant retains possession of a premises after termination of the tenancy.

Nine Carey Olsen lawyers recognised for private funds expertise

Who's Who Legal has recognised nine Carey Olsen corporate partners as experts in the 2020 edition of its annual private funds guide.

Mourant lawyer shortlisted for diversity role model award

This recognition follows a year of success where Carly was shortlisted in the 2019 Professional Pensions Rising Star Awards

Carey Olsen shortlisted for Best Law Firm at 2020 PE Wire European Awards

Carey Olsen has been shortlisted for Best Law Firm – Fund Structuring at the 2020 PE Wire European Awards.

Happy New Year – Happy New Money Laundering Regulations

The Regulations will extend the scope of the MLR so that additional types of firms will become subject to AML compliance requirements

Chief Justice: 'Deepening' Of Independence Of The Judiciary Is Needed

Mr Moree believes that the deepening of that independence is required, and the judiciary left to handle its own affairs.

Appleby Bursary Scheme Awarded to two Manx Students

Both candidates have secured training contracts with Appleby following their studies.

Private Client & Wealth Management Attorneys Author Bahamas Chapter

The Law Reviews provide business-focused legal analysis and insight into the most significant jurisdictions worldwide.

Further Citywealth award recognition for Mourant

Alongside these shortlistings, Jersey and Guernsey as jurisdictions are both nominated in the IFC of the year category.

New BMA Guidelines Require Notification of Outsourcing Arrangements and Ongoing Monitoring

The BMA has issued updated Guidance Notes for these “Relevant Legal Entities” to ensure risks from outsourcing are appropriately managed.

Carey Olsen remains leading agent for TISE listings

The company also completed more high yield listings than any other listing agent, acting in connection with half of all high yield bonds listed on TISE last year, reflecting its position as the market leader in this area.

Bahamas Bar Association calls for legislative separation of powers

The three branches of government include the executive, legislative and judicial.

Lauded as a Leading Firm by Legal 500 Caribbean (2020)

The firm was said to field a ‘highly competent’ team of lawyers that are ‘efficient, professional and responsive to clients’ requests’.

BKB says money laundering claims are ‘unfounded’

The scandal also implicates Guy Lachappelle, who became president of Raiffeisen in 2018 after eight years at BKB

A Top Tier Firm for the Last Decade

Clients were impressed with their ability to ‘apply legal knowledge to business situations’ further commenting that ‘very few firms can run the entire spectrum of the gauntlet’.