Managers of Wealth Offshore

Mourant Ozannes advises on real estate portfolio sale

Mourant Ozannes has acted as Jersey legal adviser to the Aerium group in the sale of a significant commercial property portfolio worth £330 million.

Exam success for Offshore law firm

The Jersey Law Exams are a challenging requirement for practising in the Island and balancing the demands of study and daily client work requires considerable commitment and focus.

Appleby Advises Varde Partners on the Acquisition of the Pecan Investment Portfolio

The seller was The Royal London Mutual Insurance Society Ltd.

Canadian regulator claims breach by Caledonian co-defendant

The notice alleges that Verdmont Capital S.A., an offshore securities dealer and broker in Panama, offered or solicited trades of securities without being registered in British Columbia.

Decision in Re Harbinger Class PE Holdings (Cayman) Ltd – a step forward for open-ended funds?

The recent decision in Re Harbinger Class PE Holdings (Cayman) Ltd confirms that the traditional “impossibility” test for loss of substratum will be applied in the context of a Cayman Islands company which is not an open-ended mutual fund.

Bermuda Court hands down first decision under statutory Re Hastings-Bass provision

By the enactment of the Trustee Amendment Act 2014, the Bermuda legislature inserted a new section 47A into the Trustee Act 1975.

Offshore trusts with UK beneficiaries will be captured under 4AMLD - Appleby

The arm of the UK Government is likely to extend into offshore trusts where they contain UK tax paying beneficiaries. Whether or not this information will be linked at an EU level remains to be seen

Offshore laws have provided protection to hedge fund investors in cases of high profile corruption

Hayden Isbister, partner at Mourant Ozannes in the Cayman Islands, gives the latest updates on hedge funds in the Caribbean.

The implementation of BEPS - how it may all come together by Esther Geldenhuys

The Final Report on Action 15 explores the feasibility of developing a multilateral instrument that would have the same effect as a simultaneous renegotiation of thousands of bilateral tax treaties.

Private Funds 2016: Analysis

Astleford has more than 25 years’ experience in advising fund managers, banks, brokers and corporates and is co-chair of the firm’s global financial services group and head of the group in Europe.

Cayman Islands Financial Account Reporting for Investment Funds – Preparing for the CRS

On 29 October 2014, the government of the Cayman Islands signed the OECD sponsored Multilateral Competent Authority Agreement and made a commitment to implement the new common reporting standard on automatic exchange of information (CRS).

Cayman Aircraft Registration Guide

Richard Munden and Elaine Kerr of Walkers provide a guide to the Cayman Islands Aircraft Registry.

Refining the Gold Standard: Changes Proposed to the BVI Business Companies Act

The Government of the British Virgin Islands has introduced proposed changes to the BVI Business Companies Act.

Trust And Foundation Information In Asia - Appleby

Significant economic growth in Asia has contributed to a meteoric rise of high net worth individuals in the region and private wealth is also expected to almost double in value reaching USD61 trillion by 2018.

SEC Charges Pump-and-Dump in Marley Coffee Stock

The SEC alleges that Jammin Java’s former CEO Shane Whittle orchestrated the scheme with three others who live abroad and operate entities offshore.

Avestra paid millions to Cayman Island company, court told

Troubled Australian fund manager Avestra sent millions of dollars to a Cayman Island entity linked with scandal-plagued Malaysian sovereign wealth fund 1MDB at the expense of retail investors, a court has heard.

Bahamas PM says Baha Mar decision imminent

And we expect it to be made imminently.

Cayman Islands - No Loss of Substratum Finding in Case of Liquidating Fund

In a significant decision, the Cayman Islands Grand Court on 10 November 2015 handed down an important judgment in Re Harbinger Class PE Holdings (Cayman) Limited, dismissing a winding-up petition presented on grounds of loss of substratum.

French Company Fined US$772 Million To Resolve Bahamas And Other Bribery Charges

In total, Alstom paid more than US$75 million to secure more than $4 billion in projects around the world, with a profit to the company of approximately US$300 million.

Hong Kong Court of Final Appeal clarifies the law in respect of shareholders’ petitions to wind up foreign companies on just and equitable grounds

This is a milestone decision for shareholders seeking to wind up foreign parent companies with management from and/or assets indirectly held in Hong Kong.

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