Managers of Wealth Offshore

BVI insolvency proceedings - top creditor FAQs for 2023

Although every case is different, and needs to be considered on its own facts, some questions reoccur repeatedly.

Lawyer owed no duty to third parties when making wills – Important common law precedent: Dorey v Ashton [2023] GCA 564

The case demonstrates Guernsey common law-making as being influenced, but not bound by, English case law whilst looking to the case law of leading Commonwealth jurisdictions for persuasive guidance.

The Limits of DUOMATIC: The Court of Appeal clarifies the scope of the doctrine in the BVI in two back-to-back decisions

In that case, it was alleged that the defendants had breached their duty of care by issuing a power of attorney which resulted in the unauthorised sale of the company’s sole asset.

Litigate or arbitrate: The continuing debate

Insolvency proceedings become more complex when an arbitration clause is in place, but a recent case in the British Virgin Islands brings some clarity.

Conyers Advises Murano on its Proposed Merger with HSM Acquisition Corp

Under the terms of the proposed merger, which is expected to close in Q3 2023, the shareholders of Murano and HCM will exchange their current shares for shares in a new combined company to be listed on the Nasdaq stock market under a new ticker symbol.

Celebrating 125 years of Carey Olsen

During this time the firm developed and expanded by joining forces with other practitioners and at the turn of the last century was known as Carey Langlois, one of Guernsey's largest law firms.

Form of BVI Annual Return Published

The form of the annual return has been published and fortunately a simple balance sheet and income statement will suffice.

Maples Group's Asia and Irish Funds Practices Advise on Publicly Offered Fund in Japan

The Fund, which is expected to launch on 31 May 2023, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan. The Fund will be distributed by Daiwa Securities Co., Ltd.

Special Economic Zone Companies in the Cayman Islands

It deals in broad terms with the requirements of Cayman law for the establishment and operation of such entities, including the requirements applicable to all exempted companies.

Harneys named Offshore Law Firm of the Year by IFLR Asia-Pacific

he Harneys Asia practice is known as one of the most dynamic and fastest-growing offshore legal teams in the region.

Royal Court judgement on rent and service charge accrued during Covid closure

After an in-depth analysis of the lease terms, the Royal Court granted the summary judgement application, and confirmed that the landlord had a priority right over the tenant's movable property at the premises (droit de gage) limited to 1 years rent.

Bahamian whistleblower accused of ‘fabrication’

Attacking Mr Dorsett’s evidence, Mr Gentile and his legal representatives argued that it was impossible for such a meeting to have occurred.

A guide to funds and private equity in Jersey

Our team of leading Jersey funds lawyers have substantial experience advising on the full spectrum of fund strategies and asset classes

Atlas Air Worldwide Holdings, Inc. and Rand Parent, LLC Acquisition

The Conyers BVI team was led by Robert Briant in the BVI

Jersey: Home to the world’s first ‘Data Trust’

The data will be collected through lights, called ‘See.Sense Safety Lights’, which cyclists will have to fix to the rear of their bikes.

Four Hong Kong based lawyers recognised by ALB as one of the 30 Rising Stars

The list celebrates practitioners under the age of 40 who have worked on important deals and cases and have received significant accolades in the form of public recognition and positive comments from clients and colleagues.

Walkers' Cayman and Guernsey offices advise on the $1.3 billion acquisition of Cowen Inc. by TD Bank Group

It is also pleasing to be able to work with our colleagues in Cayman and to be able to provide a joined-up service to our client.

Parslows acts for new Seigneur in unique legal transaction passed before Royal Court

The Fiefs generally continue today but are of sentimental and ceremonial value only as the title of ‘Seigneur’ no longer comes with the ownership of land, residential rights or property, but it still retains significant honour and privilege.

Jersey Private Funds

A quick and user-friendly introduction to the Jersey Private Funds (JPF) regime.

Cayman Islands SVB update for startups and founders

It has also been heartening to see so many industry participants offering assistance and information to those impacted.

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