08/04/2015
Three new partners at Carey Olsen
She advises local and international clients on commercial litigation, employment, intellectual property matters and complex trust disputes.
Legal
08/03/2015
Guernsey public sector pensions final offer made
States employees nearing retirement will be protected from controversial pension changes under a final offer from Guernsey's Policy Council.
08/03/2015
ESMA Recommends that the AIFMD Passport be Extended to Guernsey and Jersey
The European Securities and Markets Authority (ESMA) has recommended to the European Parliament, Council and Commission that the AIFMD passport be extended to Guernsey and Jersey.
08/03/2015
John Dalli’s fraudster associate Mary Swan likely to face Maltese justice
Mary Swan, a fraudster who accompanied former EU Commissioner John Dalli on a number of dubious trips to the Bahamas in 2012 to discuss “charitable” investment opportunities, is likely to face justice in Malta.
08/03/2015
Caledonian creditors to receive payments
Those with deposits of $20K or less to get 100 percent
07/30/2015
Maitland Intouch
We are pleased to present you with the July 2015 issue of Intouch
07/30/2015
Mauritius FSC amends Fee System for Late Payments of Annual Fees – Effective from July 2015
On 24 July 2015, the Financial Services Commission (FSC) has amended the system of levying charges for late payment of annual fees by licensees under the Rule 8(4) of the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2008 and this
07/29/2015
Asian Imports
First published in STEP Journal July 2015
07/29/2015
UBS Too Dirty To sue Billionaire Offshore Tax Cheat, Judge Rules
Dunning shot down a malicious prosecution suit UBS and Birkenfeld had brought against real estate developer Olenicoff, Olen Properties, and an Olen lawyer, on the grounds that they themselves are too dirty to sue.
07/29/2015
Appleby Advised CHINA ORIENT on HK$560m Loan Facility
Ample Mark also agreed to subscribe and pay for the Convertible Bonds issued by Skyfame in an aggregate principal amount of HK$40 million.
07/28/2015
Baha Mar Issues Statement On CCA Press Release
CCA should be concerned. No matter how CCA tries to spin it and no matter how often it tries to deflect from its lack of responsibility, it cannot cover up the sad pattern of its failing to perform properly at Baha Mar and other important projects in The
07/28/2015
Cyprus Funds
Cyprus administers all internationally recognized legal forms of both AIFs and UCITS funds, including Common Funds and Variable Capital Investment Companies
07/28/2015
CIMA directors change in midst of 'internal review'
A shake-up in the Cayman Islands financial services industry regulator comes in the midst of an internal review that began earlier this year related to the involvement of local individuals and financial institutions in the ongoing FIFA corruption investig
07/27/2015
Foreign criminals use London housing market to launder billions of pounds
Corporations, usually based in offshore tax havens, are sometimes used by buyers keen to hide ownership of assets, says National Crime Agency spokesman
07/26/2015
Building The Chinese Century Hits A Wall At Baha Mar
Baha Mar chairman and CEO Sarkis Izmirlian tried for over a decade to develop a resort on a 1,000 acre parcel
07/24/2015
Appleby Acts as Cayman Counsel on Four More HKEx Listings
Leading offshore law firm Appleby continues to demonstrate its strength in the capital markets practice, advising on four further listings on the Hong Kong Stock Exchange.
07/24/2015
Removal of a protector after loss of trust and confidence
A protector should consider the viability of their position early in the face of hostile beneficiaries
07/24/2015
British Virgin Islands started liquidation of Azerbaijani company
A first meeting of the creditors of the Company will be held a the offices of PricewaterhouseCoopers Ltd, British Virgin Islands on 30 July 2015 at 11:00am BVI time
07/23/2015
With Offshore Accounts, Fifth Amendment Protections Don't Apply
You might think your bank records–especially foreign banks–are personal and confidential.
07/23/2015
Cayman mutual funds: cancellation rule change By Kevin C Butler and Craig T Fulton
The Rule on Cancellation of Licence or Certificate of Registration of Regulated Mutual Funds sets out a prescribed timeframe in which mutual funds must apply to CIMA to cancel a licence or certificate of registration.