Managers of Wealth Offshore

BVI beneficial ownership legislation

Not all CLEs are subject to the beneficial ownership regime as the Act provides for "exempt persons".

CAYMAN: Data Protection Law for Insolvency Practitioners

The DPL applies to personal data processed by “data controllers” and “data processors”.

Reference against Isa modelled on Panama Papers, says lawyer

The counsel said he had mentioned the 2017 Supreme Court judgement in the Panama Papers case under which former prime minister Nawaz Sharif was disqualified under Article 62 of the Constitution for life for holding iqama (residence permit).

Walkers' Singapore team advises Japan-based private equity firm

Based in Tokyo, the middle-market buyout firm helps companies pursue better profitability and sustainable growth.

Appleby advises China Tianbao Group Development on its global offering and main board listing on the Hong Kong Stock Exchange

The team was led by Counsel Vincent Chan and assisted by Associate Huiyan Liew of Appleby’s Hong Kong office.

High Court claims by failed UK tax avoidance scheme users struck out

"Parliament has laid down an exclusive appeal process and time limits for invoking it.

Liquidator liability to pay costs as a non-party to litigation

A recent decision of the English High Court considered whether a liquidator’s firm should be liable to pay costs as a non-party to the unsuccessful litigation pursued by the company in liquidation and the liquidator. The decision will be of interest

Collas Crill Expands with Launch of CC Compliance Limited

Collas Crill Compliance will provide governance, risk and compliance and AML/CFT services to regulated and non-regulated businesses, working closely with Collas Crill's market leading risk and regulatory legal team.

Balancing open justice and use of highly sensitive documents at trial

The decision will be of particular interest to practitioners involved in section 238 petitions in the Cayman Islands

Update on Guernsey's discrimination legislation proposals

This will provide some comfort to employers, many of whom have been concerned with the breadth of the proposed definition and the fact that it would be so different from the approach taken in Jersey and the UK.

LEGAL STATUS

Learning from history and applying new thinking (and technology) is vital. A

The Inequality Of Equality Legislation In The Channel Islands

Certainly the most contentious element of the proposals in Guernsey is the extent of the definition of a disability.

Appleby Isle of Man Celebrates 120th Anniversary

International law firm, Appleby, recently celebrated its 120th anniversary on the Isle of Man.

Italian AML rules capture providers of services related to the use of virtual currencies and custodian wallet providers

This provision thus seems to capture providers established in other countries but offering their services in Italy via distance communication means only.

New Mauritian rules facilitating cross-border insolvency proceedings

New rules facilitating cross-border insolvency proceedings came into force on 11 October 2019 and shall be deemed to have come into operation from 25 July 2019.

Jersey Schemes of Arrangement: Is it now time to decapitate the headcount test?

Practitioners in Jersey and many other jurisdictions who advise on creditors’ and members’ schemes of arrangement, will be very familiar with the practical challenges presented by the requirement for a majority in number of creditors or member

Latvian bank Trasta wins closure review in EU court ruling

The General Court of the European Union, the lower EU court, had previously ruled in 2017 that the case of the group of shareholders was admissible, but the ECJ, the EU’s upper court, said on Tuesday that the lower court had erred in its judgment.

Carey Olsen lawyers lead the way in data protection expertise in the Channel Islands

The introduction of the General Data Protection Regulation in May 2018 has led to an increase in both business

UK Supreme Court upholds first successful claim for breach of the "Quincecare" duty financial institutions owe their customers

As the Supreme Court noted, "very extensive powers were delegated to Mr Al Sanea to take decisions on behalf of the company, including signing powers over the company's bank accounts."

UK Supreme Court holds testamentary charitable gifts to Jersey were entitled to inheritance tax relief

The Supreme Court’s judgment provides helpful clarification for individuals in the UK who have made testamentary gifts to charities in Jersey by confirming that IHT relief applies.

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