Managers of Wealth Offshore

Five managers face Madoff-related criminal trial in October in Geneva

The trial will determine whether the partners should be held responsible for their clients’ losses

Bend Me Shape Me...Restructuring And reshaping trusts in bermuda by Ashley Fife

Senior Associate Ashley Fife examines options for restructuring and reshaping Trusts in Bermuda to enable trustees to adapt to unforeseen circumstances.

Jersey signs MoU with Denmark

The MoU provides a framework for the JFSC and Finanstilsynet to exchange confidential regulatory information and co-operate with each other regarding the supervision and regulation of firms under their respective authority.

Pua asks if 1MDB even knows how much ‘units’ in Singapore are still worth

Pua also contested Arul Kanda’s claim that Malaysia was “not a jungle” without laws

Maltese authorities silent on local involvement in biggest-ever cyber fraud case

The Maltese company and others involved in the ring then allegedly used that stolen information to trade securities and reap over US$100 million in unlawful profits.

FIFA bribery suspect agrees his extradition to Nicaragua

It will then be for the US authorities to state whether or not they agree to Nicaragua being given priority

Further judgment in Tchenguiz case

Guernsey's Court of Appeal has handed down a further judgment this week in the long-running litigation concerning the Tchenguiz Discretionary Trust (TDT).

Former Director of Virgin Islands Public Finance Authority and Others Charged With Conspiracy and Bribery

This case is being investigated by the FBI’s San Juan Division

Half million pound FCA fines against Luxembourg directors upheld

ARM was a securitisation vehicle based in Luxembourg which issued bonds and used the proceeds to invest in traded life assurance policies (also known as senior life settlement policies). ARM’s Bond Programme was registered with the Irish Stock Exch

Bank Slams Baha Mar’S ‘Inflammatory’ Conspiracy Allegation

The debtors’ allegations in this regard are inflammatory and, in any event, are irrelevant to the matters before the court.

Volaw establishes presence in Cyprus

Volaw’s presence in Cyprus is part of a growth strategy that has already seen the establishment of a presence in Zurich

JFSC warns against fraudulent website

The JFSC had recently been made aware that CMIC is offering investment advice to Jersey residents through unsolicited telephone calls.

All that glitters

The financing will facilitate the development of the company’s Wassa and Prestea underground mines located in Ghana.

Statutory mergers and consolidations in the British Virgin Islands

The merger and consolidation provisions adopted in the IBC and then carried into the BCA were similar to those then found in Delaware company law.

Cause judgement to be given in NIB’s case; Kwame Pianim appeals to C J

The bank, whose debt had risen to $107 million with a daily interest of $20,000, is asking the Court of Appeal to quash the Commercial Court’s decision because it was defective.

Wealth planning update - Withers

With this newsletter we would like to bring to your attention a number of international developments that are likely to be relevant for clients and their advisers alike.

Ogier Cayman and BVI advises on the recommended cash offer for Promethean World plc

Angus Davison said: “The involvement of Cayman and BVI companies in public M&A transactions is becoming more widespread. This is an excellent example of the ability of our cross-border corporate practice to advise not just bidders and issuers, b

Tracing a new path - The final word - The Federal Republic of Brazil & Anor v Durant International Corporation & Ors

The Plaintiffs claimed that the Funds had made their way to Jersey via unidentified black-market currency dealers (

Treatment of companies managed outside Jersey

Jersey companies may (contrary to the default position) be treated as exclusively tax resident in jurisdictions other than Jersey pursuant to Article 123(1)(a) of the Income Tax (Jersey) Law 1961.

Offshore law firm advises Integrated Alternative Finance

Debt financing was provided by five regional lenders, while equity funding was provided by the Taj Dubai’s owner through Downtown Investments Limited.

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