Managers of Wealth Offshore

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.

Bermuda takes steps to satisfy third country requirements

The European Securities Market Authority is currently considering which non EU jurisdictions or ‘third countries’, may be granted passport rights under the Alternative Investment Fund Managers Directive (AIFMD).

Additional CIMA-Webb connections identified

All have recused themselves, chairman says

Australian tax data exchange unlawful, court rules

A judge’s ruling that the Cayman Islands Tax Information Authority acted unlawfully when it handed over a trove of documents on two Cayman-registered companies to Australian tax authorities has been upheld by the Court of Appeal.

Fiscal Transparency In The Cayman Islands

The Cayman Islands have an extremely open, accountable and transparent government and regulatory system.

Marketing and Sale of Securities by a Foreign Entity in the Cayman Islands

The Cayman Islands is recognised as one of the world's premier financial and banking centers.

ESMA to Assess Non-EU Countries for AIFMD Passport

This is good news for alternative investment fund managers that do business in Europe,

Privy Council confirms the existence of 'backwards tracing'

The question of whether or not 'backwards tracing' should be recognised was previously unsettled.

Ogier announces two partner appointments in Hong Kong

Ogier Hong Kong practice partner Nicholas Plowman said: “Our Hong Kong team continues to make massive strides in the market

Three new partners at Carey Olsen

She advises local and international clients on commercial litigation, employment, intellectual property matters and complex trust disputes.

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.

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.

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.

Caledonian creditors to receive payments

Those with deposits of $20K or less to get 100 percent

Maitland Intouch

We are pleased to present you with the July 2015 issue of Intouch

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

Asian Imports

First published in STEP Journal July 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.

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