05/26/2020
Two Bedell Cristin partners included in Top 100 Trust Litigators List 2020
Andrew specialises in all aspects of international wealth structuring in the Cayman Islands and British Virgin Islands.
Legal
05/25/2020
Nicholas Pattman is the sole offshore lawyer recognised in Latinvex’s “Top 100 Lawyers” 2020
Conyers Latin America group advises clients located in or transacting with Latin America on the laws of Bermuda, BVI and the Cayman Islands.
05/25/2020
Ian Mann named as a Top Trust Litigator in Citywealth’s Top 100
Research revealed the top 100 individuals who have the knowledge, skill and determination to negotiate with the toughest opponents through the hardest circumstances.
05/24/2020
New Supervisory and Enforcement Regime on the Horizon: Practical Guidance for Financial Institutions
In Q1 2021, the Commission will publish legislative proposals "to deliver a single rulebook in the field of AML/CFT, based on a thorough impact assessment.
05/24/2020
Cayman Regulatory framework for virtual asset services adopted
Attorney General Samuel Bulgin lent his support to the bill, stating that it strikes a balance between new, innovative ways of conducting business and the public interest.
05/24/2020
Cayman Lawmakers pass raft of anti-money laundering bills
The CFTAF rated Cayman only partially compliant in terms of beneficial ownership transparency, citing challenges in verifying the information and a lack of effective sanctions for non-compliance.
05/22/2020
Registration deadline approaching fast: Cayman private funds and limited investor funds
Private funds and limited investor funds existing prior to 7 February 2020, as well as new private funds launched between 7 February 2020 and 6 August 2020, have until 7 August 2020 to register with the Cayman Islands Monetary Authority
05/22/2020
Kenya’s elite cart away Sh328bn of World Bank aid
The study compared data on aid disbursements from the World Bank with foreign deposits from the Bank for International Settlements (BIS), focusing on 22 aid-dependent countries including Kenya, Uganda and Tanzania.
05/22/2020
A Just and Equitable Decision: Cayman Court of Appeal Defines the Limits of Arbitration in a Winding Up
CICA Decision Ting Chuan’s appeal of the refusal to strike out decision was dismissed and the Petitioner’s appeal of the stay was allowed.
05/22/2020
Going Private Transactions During Covid-19
The Courts in all of the jurisdictions above have proactively moved towards virtual hearings to facilitate the continued conduct of Court business.
05/22/2020
Scandal-hit states oppose plan for EU scrutiny of money laundering
At a closed-door videoconference of EU finance ministers on Tuesday, Estonia, Hungary and the Czech Republic opposed the plan, according to three officials who attended the online meeting.
05/22/2020
Millionaire Monaco-based Matalan founder sues PwC over tax liability
This alleged non-residence led Hargreaves to claim he was not liable to capital gains tax on a gain of £200 million arising on the disposal of Matalan shares during its time as a public company.
05/22/2020
Credit Suisse targets Luckin ex-billionaire's family assetsLenders led by Credit Suisse
Banks that participated in the loan facility to Lu’s investment vehicle have signaled they plan to sell Luckin shares pledged as collateral, though its unclear whether they’ve started offloading the stock or how much money they’ll be abl
05/22/2020
The world’s dirty money by the numbers
Regulations are in place — but 99 percent of criminal proceeds still escape control in the EU.
05/21/2020
Threatened Insolvency: Personal Exposure Of Directors
This article delves briefly into areas where a director may become personally liable for actions taken when the company is experiencing financial difficulties.
05/21/2020
AG: Financial Services industry cannot continue to make “errors of the past”
Bethel said some 116 persons charged before the courts, 79 prosecutions and 46 money laundering convictions.
05/21/2020
Asset Protection
Jersey and Guernsey trusts are an essential part of the toolkit
05/21/2020
Getting THE Deal Through | BVI – Private Equity: Fund Formation
A private equity fund vehicle (as with any BVI-registered company or a limited partnership) is required to maintain both a registered agent and a registered office in the BVI.
05/21/2020
Providence trouble for PwC
The auditor tried to have the claim thrown out but the appeal failed and the case will proceed.
05/21/2020
Mourant Regulatory Update – Guernsey Corporate May 2020
An overview of Guernsey legislative and regulatory developments for the period 18 February 2020 to 15 May 2020.