Managers of Wealth Offshore

KYC Laws in the Cayman Islands under the Spotlight

This is an important decision in the context of the provision of KYC information generally

2019 Private Client Global Elite list unveiled

Setting out the world's top 200 private client lawyers and trust and estate litigators. From Jersey, the following practitoners have been singled out:

Aviation Financing & Leasing – Bermuda

If the aircraft is physically located in Bermuda when the sale agreement is executed and the purchaser is a Bermuda entity, customs duties may be payable as it could be seen as importation of the aircraft.

The Judicial Face of the BVI Commercial Court for September 2019 to 2022

Head of our Litigation, Insolvency and Restructuring group in the BVI, Andrew Thorp noted that "quality and expedition are the key factors that drive a commercial court and bring business to the jurisdiction.

Hunt for alleged $1bn cocaine yacht owner leads to secretive Cook Islands trust

Exactly who the individuals are behind the tightly-guarded trust, which nine.com.au has chosen not to name

Partners at Bedell Cristin named among the ‘Global Elite’

Bedell Cristin’s client focus has always been at the core of what we do, and to be recognised on this scale is high praise

UpdateOn The Isle Of Man Personal Injury Discount Rate

Following the change in England and Wales, the Isle of Man Treasury have now announced that they are conducting a review of the discount rate applicable to personal injury compensation awarded by the Isle of Man Courts.

Mourant trusts lawyer makes list of Top 35 Under 35

The Top 35 Under 35 is well known in the trusts and private client sector, and is designed to shine a spotlight on the rising stars of the private client industry in the UK and the Channel Islands.

Walkers advises on Battersea Power Station development

Baker & McKenzie Wong & Leow acted as onshore counsel to the lenders, and Linklaters and Norton Rose Fulbright acted as onshore counsel to the Battersea entities.

Applications Invited for the 2019/20 Appleby Academy Programme

Year 13 students who choose to take part in this year’s programme must select and investigate one of the business challenges set out by the law firm.

NY finds $1 billion in hidden transfers by Sackler family

Spokesman for Mortimer D.A. Sackler says disclosure by attorney general meant to ‘torpedo a mutually beneficial settlement’ over Purdue Pharma’s alleged pushing of painkillers

Getting the Deal Through - Private Equity: Fund Formation

A BVI company is incorporated under the BVI Business Companies Act 2004.

Ogier urges fund managers to take action ahead of introduction of Cayman data protection law

Ogier partner James Heinicke says that the law will regulate the processing of all personal data in the Cayman Islands

Important Bermuda trust decision concerning settlor’s wishes

The court referred with approval of the dicta of the UK Supreme Court in Pitt v Holt that settlor’s wishes are simply a “relevant consideration

Moneyval: Malta must step up investigation and prosecution of money laundering

Council of Europe: Malta should step up its efforts to investigate and prosecute money laundering as well as to strengthen its supervisory system

Luxembourg Falls Further Behind EU AML Rules As Companies Fail To Disclose Ownership

Luxembourg has approved a further delay for companies to register their beneficial ownership details after 53% of affected entities failed to meet the original deadline.

No more games as website blocking injunctions make their mark

The decision in Nintendo Co Ltd v Sky UK Ltd, Virgin Media Ltd and Ors came in a case brought by Nintendo to protect trademarks connected with the highly popular Nintendo Switch console.

Conyers Secures Trial Win for Major Shareholder

Conyers partner Mark Forte led a team of associates including Lauren Peaty and Alecia Johns, under leading counsel Paul Chaisty QC.

Changes to reporting by Financial Counterparties under EMIR

This new regulation, which is known as both ‘EMIR Refit’ and ‘EMIR 2.1’, came into effect on 17 June 2019.

Six Conyers lawyers make Private Client Global Elite list

It is based on peer recommendation and consideration is given to the number of nominations for each candidate, their depth and breadth of experience and their commitment to clients.

Legal