Managers of Wealth Offshore

Harneys takes gold at the Transform Awards Europe

From big global agencies to small local work, the Transform Awards recognise excellence and reward innovation in branding across Europe.

Deadline approaches for BVI registered agents and trust companies to regularise the status of regulated subsidiaries

The Amendment Act was gazetted on 3 August 2018 and came into force on 1 October 2018.

Law firm of Cristiano Ronaldo loses trial against the Spiegel

The dispute over the German magazine Der Spiegel articles on tax avoidance by the star footballer went on for two years.

Philippines news site chief pleads not guilty to tax evasion charges

The Department of Justice in October indicted Ressa, and online news platform Rappler for attempting to evade taxes by not reporting gains of almost $3 million in the company’s 2015 tax returns.

The GFSC's Revised Handbook on Countering Financial Crime and Terrorist Financing

The GFSC has announced that in anticipation of the changes to the law it has already begun adopting the new rules to allow for technical issues which could lead to complications once the law is in force.

Ogier advises on pre-Brexit Luxembourg dual listing of LSE-listed company

Thalassa is a diversified holding company which in 2018 sold its main operating asset, WGP Group, for $20m (purchased in 2011 for $1.35m) plus a potential $10m earnout; $6m of which has been earned, $1.2m has been received and $4.8m of which is due by 11

Appleby advises Tritax Big Box REIT on the acquisition

The transaction involved the acquisition of a number of BVI companies with due diligence and BVI acquisition mechanics being led by Isle of Man based corporate partner and head of Appleby’s BVI (GMT) team Kyle Sutherland and assisted by associate So

Saunders v Vautier in the Channel Islands

This case therefore establishes the important point that section 53 of the Trusts Law creates an independent statutory mechanism for the termination of trusts

Royal Court Varies Footballer's Pension Trust To Provide For His Children

Collas Crill acted for one of the applicants

Two Cayman funds sue world’s largest jewellery retailer

The Cayman funds claim that “Signet’s misrepresentations cost Plaintiffs tens of millions of dollars.”

Luxembourg law firm joins Harneys

M Partners have strong cross-border expertise, familiarity with the offshore environment, long standing client relationships and a common law approach.

Third party litigation funding: credit where it's due?

Update prepared by Nicholas Fox (Partner, Cayman Islands) and Harry Rasmussen (Associate, Cayman Islands)

Appleby successfully assists Butterfield dispose of dishonest assistance and breach of mandate claims

The fraud involved theft from the corporate bank account by one director forging his co-director’s signature on wire transfer requests on eight occasions over a period of 2 years.

Carey Olsen support Apse Capital on latest Guernsey Private Investment Fund launch

The Carey Olsen team advising on the launch was led by partner Christopher Anderson, assisted by senior associate Matt Brehaut.

Walkers Jersey LLP Formation - ‘Walkers (Jersey) LLP’

From that date Walkers (Jersey) LLP will also be recognised as a legal services body

Remedying Defects in Compliance with the Companies Winding Up Rules

Whilst the case of HSH Cayman [2010 (1) CILR 114] was cited in confirming

Isle of Man Legislative Update

The Act received Royal Assent on 15 January 2019.

Ogier's Guernsey team advises Baillie Gifford on US$477 million Schiehallion launch

The team – which included associate Gabrielle Saul – advised alongside accountants and auditors KPMG, administrators Alter Domus and onshore lead counsel Herbert Smith Freehills LLP.

Private mergers and acquisitions in the Isle of Man: overview

First published in the Thomson Reuters Practical Law Private Mergers and Acquisitions Global Guide 2019

Between a Legal "Rock" and a "Compliance Hard Place"?

ICO fines Grove Pension Solutions Ltd (Grove) £40,000 for sending almost 2million spam emails