11/30/2018
Ex-BNY Mellon VP Claims He Was Fired Over Panama Bank Probe
He said he was told to look into Global Bank after BNY Mellon learned of reports that a group of Panamanian banks were involved in a money-laundering scheme.
Legal
11/30/2018
Carey Olsen Bermuda secures legal directory recognition in its inaugural year
Carey Olsen Bermuda has entered the rankings in tier two for dispute resolution and tier three for both corporate and commercial, and trust/private client.
11/30/2018
The Bahamas securities industry reforms near completion
The Investment Funds Act 2003 was largely structured to be in line with the operations of fiduciary administrators and did not necessarily account for the appropriate regulation of the various roles within a fund structure.
11/30/2018
Collas Crill assists in RBSI deal
The transaction involved advising on an English law finance package, a security suite consisting of English and Guernsey law security, and Guernsey corporate law matters.
11/30/2018
Collas Crill continue their ongoing relationship with the Intertrust group
They are huge presence both in Guernsey and internationally, and we feel privileged to have the opportunity to assist them with the exciting growth of their business.
11/30/2018
Recognition for Appleby lawyers in the latest Legal 500 Caribbean rankings
The directory recognises 19 Appleby lawyers from our BVI and Cayman offices
11/30/2018
Economic substance: a step closer towards Guernsey meeting the EU's 'substance' requirements
The States of Guernsey has approved legislation which permits the implementation of economic 'substance' requirements into Guernsey's income tax law.
11/29/2018
Gucci could go to court in next 20 days over tax evasion accusations
Both Gucci’s current chief executive Marco Bizzarri and former chief executive Patrizio Di Marco are under investigation as part of the case.
11/29/2018
Grand Court orders winding-up of reinsurer
CIMA also stated that Beechwood Re breached multiple local regulations by failing to file annual returns and failing to maintain minimum capital and solvency requirements.
11/29/2018
Deutsche Bank investigated over Panama Papers
Fallout hits German bank more than two years after Mossack Fonseca scandal broke
11/29/2018
Yacht Owner Made $8 Million With Trader in UBS Insider Case
Walid Choucair completes three days of testimony in court
11/28/2018
The Bailiwick gears up for sanctions post brexit
The Proposed Law also addresses designation under existing UN financial sanctions regimes where the Bailiwick has already implemented a related EU sanction.
11/27/2018
Carey Olsen advises on £43.7 million sale of IFC1
The Carey Olsen cross-practice team was led by partner Alex Ohlsson with support from senior associates David Taylor and Will Whitehead, and associate Rebecca McQuillan.
11/27/2018
Mourant is clear market leader for Jersey funds for 19 consecutive years
The firm, which has held the dominant position in Jersey for 19 consecutive years, advised on 791 funds in the last year
11/26/2018
Ghosn suspected of buying overseas houses via tax haven
The special investigation squad of the Tokyo District Public Prosecutors Office is investigating the case.
11/26/2018
Jersey confirms beneficial ownership policy
Stringent requirements for the incorporation of Jersey companies, together with regulation and supervision of trust and company service providers, ensure this information is accurate and current.
11/26/2018
Guernsey substance proposals – the fund managers' perspective
The draft regulations which are set to come into force on 1 January (subject to States approval) propose the establishment of new tests for tax resident companies carrying on "relevant activities", including fund management.
11/26/2018
Business As Usual - Post Brexit Data Flows with the Crown Dependencies
The UK will remain subject to Union law until at least 31 December 2020
11/26/2018
Appleby Jersey Acts in Groundbreaking Trust Litigation Decision
An invalid exercise of a beneficial power: an invalid revocation
11/26/2018
Jersey, Guernsey and IOM sign customs arrangement with UK
The two essential elements of establishing a customs union are that the parties agree not to impose import tariffs for goods passing between themselves, and to impose a common external tariff on goods from places outside the customs union.