Managers of Wealth Offshore

Ponzi scheme allegations dropped

Court-ordered receiver John Carney filed the claim against Walter Stipa Sprecase

China Shanshui Cement Group Limited: Cement Shoes for Directors?

In 2011, in the case of Re China Milk Products Group Limited Mr Justice Jones held that the directors of an insolvent company had an inherent authority to petition for its winding up, even if they were not empowered to do so by the company’s article

Appleby Bermuda Partner appointments and moves

Three Partner Appointments and One Counsel

Harneys acts for Virgin Group

Virgin is a leading international investment group and one of the world's most recognised and respected brands.

Do The Words 'United Kingdom' Include Jersey And The Isle Of Man?

Mr Crowley-Milling had not in fact referred to 'United Kingdom' when giving instructions to his solicitor.

HSBC whistleblower given five years’ jail over biggest leak in banking history

Hervé Falciani sentenced in his absence for financial espionage by federal court for exposing wrongdoing at HSBC’s private Swiss bank

Bermuda wins Solvency II equivalence - Appleby

This is hugely significant for Bermuda and means that Bermuda commercial (re)insurers and insurance groups supervised in Bermuda will not be at all disadvantaged in operating in Europe (or indeed elsewhere on the globe) when Solvency II takes effect on 1

The British Virgin Islands Registry Offers Premium Services

These changes are very much welcome by industry and ensure that the British Virgin Islands remains the most favourable offshore incorporation jurisdiction by far.

Mourant Ozannes advises Mimecast on its NASDAQ IPO

The Mourant Ozannes' team advising Mimecast was led by partner James Hill

Cash flow is king in an insolvent trust says Jersey Royal Court - Appleby

In a recent judgement re the Z Trusts [2015] JRC196C from the Royal Court of Jersey it was held that the test for an insolvent trust is a cash flow test, rather than a balance sheet test.

Bermuda Human Rights Act protects all employees when considering promotions - Appleby

A Supreme Court decision handed down on Monday is a stark reminder that employers should tread very carefully when promoting employees.

Largest law firm in the world continues international expansion with Luxembourg tie-up

It has announced that it will further its leading presence in the world's top financial centers with a combination between Dentons Europe LLP and Luxembourg's OPF Partners.

Conyers’ Tania Dons speaks at inaugural Cayman Finance members briefing

Tania Dons, partner at the Cayman Islands’ office spoke at the Cayman Finance inaugural members briefing as a director of Cayman Finance and the chair of the members committee thereof.

Deutsche Bank's Swiss Unit to Pay $31 Million in Tax Case

In 2001, Deutsche Bank Suisse entered into a Qualified Intermediary (QI) Agreement with the IRS.

Swiss Bank Inks Tax Evasion Deal

Will pay a penalty of more than $7 million.

Mourant Ozannes leads FTSE 250 relationships for offshore firms

The survey results have Mourant Ozannes ranked 17th overall.

Irish titan Tony O’Reilly granted bankruptcy in the Bahamas

Former Irish billionaire Sir Anthony O’Reilly was declared bankrupt by the Supreme Court in the Bahamas.

O’Reilly creditors likely to seek deal after Bahamas bankruptcy

Agreement on sale and division of assets appears possible with bulk of creditors

Cayman Court of Appeal upholds validity of non-petition clause Harneys

In an important decision for the Cayman Islands funds and insolvency industries, the Court of Appeal has confirmed that provisions in investment agreements contracting out of the right to present winding up petitions are enforceable and not contrary to pu

Swiss Bank Data Thief: ‘I’d Do It Again’

Switzerland has proposed easing bank-secrecy laws, allowing for more cooperation with foreign tax agencies—even where stolen information is involved

Legal