06/20/2018
The Court held that it would be inappropriate to require a financial institution to prove that the funds were tainted in a situation where it does not have all the details of the sources
06/20/2018
Counsel Nicola Roberts and senior associate Leon Hurd of Ogier provide a brief update on some key developments in Jersey during the last 12 months
06/20/2018
The case involved a number of contentious elements including class composition and fairness issues.
06/20/2018
When providing discretionary portfolio management services and independent investment advice to clients, investment firms cannot receive any benefit or commission that may be considered an inducement.
06/20/2018
Carey Olsen acts in liquidation
It gives Abraaj Holdings a sound structure to continue to look after the best interests of its stakeholders and creditors
06/19/2018
The acquisition would enhance the entertainment, distribution, and technology leadership of Comcast
06/18/2018
Open justice versus privacy of trust (HSBC Trustee (CI) Ltd v Kwong and others)
First published in ePrivateclient in May 2018.
06/18/2018
Bermuda Introduces Digital Asset Business Act 2018
DABA has now been approved by both the House of Assembly and the Senate and only needs Royal Assent and a notice of the Minister of Finance.
06/15/2018
Carey Olsen was named "best offshore law firm" in the fund formation category.
06/15/2018
In this regard, regulation has already been drafted in the areas of Overextension of Credit, Annual Percentage Rate when extending credit and Complaints Handling.
06/15/2018
We anticipate this amendment will be welcomed by settlors and trustees alike
06/15/2018
By this year, these punishing levies have reached 15% per annum, costing owners tens of thousands of Euros annually.
06/14/2018
The two creditors are Kuwait’s Public Institution for Social Security (PIFSS) and Auctus Fund Ltd. Both are claiming $100 million that is owed but not repaid.
06/14/2018
The deal was led by group partner Paul Wilkes, assisted by senior associate Tristan Ozanne and associate Michael Lyner.
06/14/2018
It brings about a much needed update in the law that was initially highlighted as being required in 2015
06/13/2018
The Abraaj Group made headlines in February, when the Wall Street Journal reported that the Bill & Melinda Gates Foundation and other investors hired a forensic accountant to look into possible misuse of money
06/11/2018
The Trusts Law is widely regarded as the international standard for offshore trust legislation
06/11/2018
The list recognises the top 35 male and top 35 female lawyers, trusts professionals and accountants aged 35 and under across the islands.
06/07/2018
Our unique global perspective helped us provide a seamless service on the various corporate and finance aspects of this complex acquisition
06/07/2018
British overseas territories have expressed dismay at the plans and the Cayman Islands has pledged to change their constitution to avoid the measures.