Managers of Wealth Offshore

British Virgin Islands Segregated Portfolio Companies

It is not intended to be exhaustive but merely to provide general information to our clients and their professional advisers.

Offshore Business Update: Jersey

The Jersey Financial Services Commission (JFSC) is now working remotely.

Offshore Business Update: Cayman Islands

In particular we will focus on the impact to filings, ability to conduct searches, certificates of good standing, other relevant searches, court sessions, travel restrictions and the implications for Economic Substance compliance and residency.

Cayman Islands: Record-Keeping Obligations of Trustees

The Amendment and the Regulations apply to trustees of Cayman Islands trusts wherever the trustee is located.

Hong Kong Court looks again at the Rule in Gibbs in China Singyes

The proposed schemes, promoted in Hong Kong and Bermuda, sought to compromise those debt securities with US$41.4 million paid upfront and new notes being issued to the value of the remaining debt.

Appleby Advises DBS Bank on Financing for Privatisation

The team advised DBS on the debt and security structure from a BVI and Cayman Islands law perspective and assisted them throughout the transaction as offshore counsel.

Close friend of Spain’s emeritus king transferred $39 million from “donation” to a US bank

A request for judicial cooperation sent by Swiss prosecutors to a Spanish judge reveals multiple payments to Corinna Larsen, who used part of the money to purchase real estate

Check your privilege in settlement discussions – WP or not WP, that is the question…

The Court of Appeal held that the settlement agreement and its schedules were not subject to WP privilege.

Use loot to set up a karuna-virus fund

Switzerland has been a haven for hiding wealth for centuries, at least since the 18th century.

Coronavirus Job Listings and Money Laundering Schemes

Scammers posing as a legitimate charity foundation are hiring online customer service representatives that are required to do some groundwork in an initial stage.

Hong Kong Court’s first consideration of PRC law governed debt in sanctioning a scheme of arrangement: Gibbs Rule revisited

Confirming that in assessing this, the Court would take a robust and practical approach.

Carey Olsen enhances dominant position in Channel Islands funds market after 10 years of exceptional growth

Of the 1,053 Channel Islands domiciled funds Carey Olsen now advises, 675 were Guernsey schemes

Appleby advises DBS Bank on financing for privatisation

The transaction was led by Partner Fiona Chan, who was supported by Associate Karina Li.

How far can a Lender go in the legitimate enforcement of its security?

Whilst RBS was successful in this case, it is an interesting exploration as to where the line may be for a lender in exercising its powers of enforcement.

Can’t we all get along? BVI Court stresses the importance of cooperation between cross-border insolvency practitioners

Here, Justice Jack considered an ex parte, on the papers application for permission to serve an originating application for the appointment of a liquidator outside the jurisdiction.

Tax Residence - Tax Considerations in Light of COVID-19 Travel Restrictions

The outbreak of COVID-19 has resulted in a unique and alarming health crisis. In addition to the health aspects, there will be a significant economic impact worldwide.

Teams Advise on Acquisition of Island Bowl, Guernsey

Jason Green commented: 'The closing of this deal again evidences Collas Crill's sound ability to work across departments to bring the right result for our client, first time, every time.

Managed Account Platforms:The Best Offense is Defence

The shift from investing in commingled structures to bespoke solutions has significantly increased following the credit crisis and as we go deeper into this economic cycle the trend will continue.

How we are responding to Covid-19

When the scale of the potential epidemic became clear we suspended all business travel, moving instead to video conference or telephone meetings.

In this time of COVID-19, does personal data privacy get thrown out the window?

Business owners in the private sector have become invaluable partners of contact tracing efforts through their conduct of temperature screening

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