06/19/2019
Both of these changes demonstrate the Cayman Islands Government’s commitment to having an anti-money laundering regime that continuously seeks to employ best practice and ensure effective supervision of the financial services industry in the Cayman
06/19/2019
These concerns were addressed by the UK and tax elections have been made available to certain types of non-UK resident structures including many of the typical Jersey real estate holding vehicles.
06/19/2019
The team, led by partner and Global Head of Dispute Resolution Rachael Reynolds, advised on related Cayman-law aspects of the dispute.
06/19/2019
The key area where the Court disagreed with the JFSC concerned remediation implemented by SWM.
06/19/2019
The Privy Council is also the highest court of appeal in the Cayman Islands
06/18/2019
Despite their wealth structuring benefits, PTCs can be more challenging to set-up than a simple discretionary trust structure.
06/18/2019
The businessman is alleged to have bought two yachts to launder money.
06/17/2019
Further, in Osetinskaya v. Usilett Properties Inc BVIHC (Com) 2013/0037, the court ruled that shares in a BVI company are assets for the purpose of a Black Swan freezing order.
06/17/2019
Our Cayman Islands team have contributed the Cayman Islands chapter to the Law and Practice Real Estate guide 2019.
06/17/2019
The facts were unusual but the principles set out are of helpful general application.
06/17/2019
HMRC defeated as Jersey companies deemed not UK-resident
Under this scheme, the SPVs holding the assets would grant call options to the Jersey companies at a significantly over-valued price.
06/14/2019
While Cayman-headquartered Walkers Global did not have any legal control or interest in the shares of Walkers Bermuda, which were Bermudian-owned, the relationship between the two entities was going to be governed by a loan agreement, as well as a licensi
06/13/2019
This year marks the tenth anniversary since the enactment of the Foundations (Jersey) Law 2009
06/12/2019
The Privy Council decision, delivered yesterday, said that the Supreme Court ruling by then Chief Justice Ian Kawaley had been correct and that the Bar Council should have granted WBL recognition.
06/12/2019
While Commodore Bethel said yesterday he was aware of Mr McAfee’s accusations, he declined comment, telling The Tribune the matter has been referred to the police.
06/12/2019
The Act introduces requirements for certain BVI entities that are carrying on one or more “relevant activities” in any “financial period” to have adequate economic substance in the BVI.
06/12/2019
Financial service businesses must be careful with all financial orders.
06/11/2019
Such paralysis would clearly be contrary to efficient public administration.
06/11/2019
The result is an attractive, secure legal framework that works strongly to the benefit of secured finance parties in transactions involving Luxembourg obligor corporate and fund structures granting security and, consequently, fund promoters seeking invest
06/11/2019
Appleby is passionate about supporting local community initiatives and at the heart of the firm’s corporate social responsibility strategy in the Isle of Man is a theme centered on youth, education and sport.