08/08/2014
Carey Group Achieves a World First
Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.
Legal
08/07/2014
Irish Collective Asset-management Vehicle Bill published
Initial industry feedback estimates that hundreds of ICAVs will be formed in the initial phases representing billions of euros. As a result, it will immediately become one of the most popular legal forms for Irish funds.
08/06/2014
Ogier Legal advises on the launch of the €800 million Mid Europa Fund IV
Mid Europa Fund IV is a Guernsey authorised closed-ended investment scheme established primarily to make controlling investments in market leading companies in Central and Eastern Europe and Turkey (the Region).
08/05/2014
Bermuda Legislation Clarifies Position Regarding Hastings Bass Applications by Appleby
Bermuda’s Trustee Amendment Act 2014 (Amendment Act), effective 29 July 2014, amends the Trustee Act 1975 to provide statutory force to the Court’s discretion to set aside a fiduciary’s exercise of a power where the exercise of that powe
08/05/2014
Cayman Islands: Directors need to register
The deadline for registration is Thursday 4 September.
08/05/2014
The Hedge Fund Manager On The FBI’s Most Wanted List
Artificially improve the performance of eight Cayman Islands-based hedge funds
08/05/2014
New tax rules for loans taken out by UK resident non-domiciliaries by Withers
When a UK resident but non-domiciled individual taxed on the remittance basis takes out a loan, either in the UK or overseas, which is secured on foreign income and gains and brings the funds borrowed into the UK, there are two aspects of the loan which m
08/04/2014
Four promotions at Ogier Legal
Ogier Legal has announced that four Channel Island based lawyers were promoted on 1 August as part of their continued investment in training and developing top quality lawyers.
08/04/2014
Texas tycoons should pay $750 million for fraud, SEC tells judge
A federal jury found the Wylys liable for a system of offshore trusts in the Isle of Man that netted the brothers $553 million in profits through hidden trades between 1992 and 2004 in companies they controlled.
08/04/2014
Jersey Finance - Russia Sanctions Statement
Jersey Finance says its members will comply fully with all the legal obligations placed upon the business community in its interactions with Russia.
08/01/2014
Ex-UBS Banker Weil Seeks Video Testimony From Overseas
Former UBS AG banker Raoul Weil, accused of helping Americans evade taxes, may be allowed to call fellow bankers as witnesses to testify from overseas by video because they fear arrest if they travel to the U.S.
08/01/2014
Completing the Puzzle: The Last Piece of Cayman’s FATCA Regime Falls into Place - Applby
The US IGA was just the first piece of the complex legislative process required to allow the Cayman Islands government and authorities to agree IGAs with other governments (a similar IGA was signed with the UK Government on 5 November 2013 (UK IGA)) and t
08/01/2014
Companies (Jersey) Law 1991 - Significant Upcoming Amendments
Amendment 11 was approved by Privy Council on 16 July 2014. It was registered in the Royal Court on 25 July 2014 and came into force on 1 August 2014.
07/31/2014
Bermuda Makes Key Changes to Clarify Life Insurance Legislation - Appleby
Bermuda’s Life Insurance Amendment Act 2014 (Amendment Act) became operative on 24 June 2014 and makes two key amendments to the Life Insurance Act 1978 (Principal Act).
07/31/2014
Trust case ‘momentous decision’ ruling has implications for future cases
The anonymised case dealt with the trustees’ momentous decision to sell a property which was a substantial part of the trust assets.
07/31/2014
Ogier Legal act for Moorfield and SEGRO
The Logistics Property Partnership was established in January 2012 by MREF II and SEGRO as a 50-50 joint venture to acquire the UK Logistics Fund and was jointly managed by the Moorfield Group and SEGRO.
07/29/2014
Conyers advises Jinmao (China) Investments Holdings Limited on US$500 million IPO
This IPO is the fourth Business Trust listed in Hong Kong, Conyers having advised on each of such listings.
07/29/2014
Ogier works with QIC to create successful share plan to motivate and retain employees
Employee contributions into the QIC Group Savings and Participation Scheme are matched by QIC
07/28/2014
Cuban woman fights for Bahamas inheritance
Her husband left her a canal-side house and more but she claims she has received only a small part of the estate.
07/27/2014
Caymans court lambastes former BHP chief Brian Gilbertson
''The present proceedings simply prolong what has all the appearance of a vendetta and that should, in the public interest, be brought to an end. The process of the court is, in my view, being misused and that should not be allowed.''