11/19/2015
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.
Legal
11/18/2015
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.
11/18/2015
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.
11/18/2015
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).
11/18/2015
Cayman Aircraft Registration Guide
Richard Munden and Elaine Kerr of Walkers provide a guide to the Cayman Islands Aircraft Registry.
11/17/2015
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.
11/17/2015
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.
11/17/2015
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.
11/16/2015
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.
11/16/2015
Bahamas PM says Baha Mar decision imminent
And we expect it to be made imminently.
11/16/2015
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.
11/16/2015
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.
11/13/2015
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.
11/13/2015
Bank of Bermuda and HSBC securities sued
Primeo Fund, which is in official liquidation has sued Bank of Bermuda and HSBC Securities Services Luxengourg as first and second defendants respectively.
11/13/2015
Carey Olsen advises on £100 million IPO
The company’s investments will be largely UK-based, medium-to-long-term fixed or floating rate loans secured against cash flows and/or physical assets; its objective is to generate attractive risk-adjusted returns primarily through regular, growing
11/13/2015
Consistent top score for Ogier's Guernsey funds team
Partner Marcus Leese said: “This consistent recognition is great news for the team. It means the quality of our work is really standing out for clients, and in the market in general.”
11/13/2015
Offshore Structures and The Register of People with Significant Control - The PSC Register
Are you an Administrator or Trustee of an offshore structure which owns a company incorporated in the United Kingdom (UK)?
11/13/2015
Exiting Difficult Trusts
This article first appeared in Wealth Briefing magazine, October 2015
11/13/2015
New corporate partner for Jersey law firm
He is a specialist corporate finance lawyer who focuses on complex real estate investment transactions, mergers and acquisitions, private equity structures and IPOs.
11/13/2015
Guernsey directors fined for anti-money laundering failings
Four executive directors of Guernsey financial services and former QROPS provider Confiance Limited have been fined, and in three cases also banned from performing key functions for five years.