11/25/2019
BMA Releases Guidance on Outsourcing
Following the release of the Guidance Notes RLEs should now have a much clearer understanding of the expectations that the BMA has regarding outsourcing relationships
Legal
11/25/2019
Cayman Islands Court of Appeal clarifies construction of arbitration clauses
Following an injury suffered by one of the employees of the Bank, the employee brought an action against it
11/25/2019
Trustees relieved of high level duty to supervise
Wise Lords had suffered huge losses resulting from investments instigated by its investment advisor (who was also one of the settlors of the trust).
11/25/2019
"Quincecare” duty arguable in $900m corruption case
The bank applied for summary judgment on the grounds that the terms of the Depository Agreement prevented the implication of the Quincecare duty.
11/25/2019
Conyers advises Drakewood Capital Management
Director Elizabeth Denman of Conyers’ Bermuda office and Counsel Sheba Raza of Conyers’ London office advised on this matter.
11/22/2019
Police drop wife-beating charges against ex-Maples and Calder partner
CCTV footage from the hotel showed Marshall and his wife entering their room just before 3am, then Jennifer leaving and walking down the hallway holding a towel to her face, before collapsing.
11/22/2019
MEP Casa calls on UAE to fully cooperate on 17 Black
'Clear that 17 Black case is connected to murder'
11/22/2019
Walkers' Guernsey Fund Finance Team Advise On £20 Million Facility
Walkers continues to expand its Guernsey investment funds and finance teams
11/22/2019
Peter Nygard Faces Jail After Spat With Hedge Fund Founder Louis Bacon
The fashion executive has been battling a nonprofit backed by Bacon in the Bahamas.
11/22/2019
Vatican officials: Swiss bank suspected of money laundering led to Pell conflict
"Sometimes the Church must be able to help without being seen to be helping.”
11/22/2019
Recent Bermuda Legislative and Regulatory Updates: 2019
Stephanie P. Sanderson, Corporate Partner at BeesMont Law Limited, provides a legal and regulatory update with respect to Bermuda.
11/22/2019
Intellectual Property in Bermuda
Kit Cunningham, Corporate Attorney
11/22/2019
Crown Dependencies release revised joint guidance on economic substance legislation
The revised joint guidance provides welcome details for aiding compliance for current and future periods.
11/22/2019
Draft Insolvency Legislation Will Be Before states Of Guernsey Soon
The stated aim of the legislation is to enhance the current Guernsey insolvency regime and ensure Guernsey's insolvency law remains modern and effective.
11/22/2019
Further guidance from the Royal Court of Jersey on security enforcement
The Royal Court may provide welcome guidance to this area of law
11/22/2019
Updates to joint guidance on economic substance legislation in Guernsey and Jersey
Particular areas to note include clarifications that regulated funds are out of scope
11/21/2019
Swedbank’s High-Risk Russian Secrets
Leaked reports show Russian oligarch Mikhail Abyzov moved a fortune offshore through the Swedish bank.
11/21/2019
Quiz night raises more than £10,000 for Carey Olsen's two Jersey charities
The quiz forms a key part of Carey Olsen's ongoing charitable support in the island
11/21/2019
Andrew Munro wins Guernsey community award for 'Pick It Up' initiative as documentary trailer is released
Pick It Up Guernsey is one of several active initiatives organised by The Clean Earth Trust
11/21/2019
Firewalls and Foreign Courts - a new judgment from the Grand Court of the Cayman Islands
The Court will readily provide Beddoe relief where foreign proceedings may lead to orders being made in respect of a Cayman Islands trust.