08/17/2023
Carey Olsen claims a positive 2023, so far
First, Carey Olsen acted for its long-standing client Industrials REIT Limited, in a deal valued at £511.2 million.
Regulation, Risk & Compliance
08/17/2023
Progress on implementation of the Irish ELTIF 2.0 offering
Irish Funds has confirmed that the Central Bank proposes to create a standalone ELTIF chapter of the AIF Rulebook
08/16/2023
US and Bermuda regulators to discuss long term re/insurance
The panel will discuss topics such as the global protection gap that exists in the availability of pension benefits, the influx of capital into the sector, and cross border reinsurance.
08/16/2023
Half wouldn’t work somewhere that didn’t offer flexible working
“As companies witnessed the success and productivity of their employees working from home, many realised the potential benefits of flexible working arrangements beyond the pandemic.”
08/16/2023
New Fiscal Policy Panel to provide independent assessment of Funding & Investment Plan
The F&IP will address how it intends to finance those projects alongside the States’ other essential strategic and policy work and the funding of day-to-day public services.
08/15/2023
Overview of the New Cayman Islands Restructuring Officer Regime
With the benefit of the breathing space under the new regime, it allows corporate entities to promote and implement a restructuring
08/15/2023
September seizures for property tax delinquents
We should have done it already.
08/15/2023
Regulator tells banks closure practices are “unacceptable”
Lenders have been encouraged to converse with the regulator if they have any concerns with local rules or guidance
08/15/2023
Migration of foreign limited partnerships into Jersey
The Regulations permit a foreign limited partnership to continue in Jersey as a limited partnership under the Limited Partnerships (Jersey) Law 1994, provided certain conditions are met.
08/15/2023
Trustees and other fiduciaries – consideration of Guernsey's lending, credit and finance law
As a reminder, the purpose of the LCF Law is to regulate consumer credit and finance business
08/15/2023
An overview of Jersey funds: Comparative table
All funds are subject to Jersey's internationally compliant laws and regulations in respect of the prevention and detection of money laundering and the financing of terrorism.
08/14/2023
BMA registers four new insurers
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
08/14/2023
Blacklist escape 'very big deal' for insurance
The Government has voiced optimism that The Bahamas will be removed from the EU's blacklist in October, which is vital to the Bahamian insurance industry securing continued German reinsurance support.
08/11/2023
Cayman Court reaffirms requirements for sanctioning a scheme of arrangement
The purpose of the scheme was to privatise and de-list the Company from the Hong Kong Stock Exchange.
08/11/2023
Cayman’s crypto crime wave
The Cayman Islands Bureau of Financial Investigation was created to meet international pressure for the island to be more proactive in fighting global financial crime.
08/11/2023
Regulatory & Risk Advisory Review: Cayman Islands – May to July 2023
We have also included some recent articles from the wider Conyers team which provide further insight into industry trends and market news.
08/10/2023
Registration of Foreign Companies in the Cayman Islands
Before proceeding with the registration of a foreign company in the Cayman Islands, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.
08/10/2023
Reinstating your Jersey company, what you need to know
If the company is to “do” anything or if the shares in the company are intended to be sold, then the company must first be reinstated.
08/10/2023
Improved trading standards law in force soon
The legislation was voted through the States in March of this year
08/09/2023
Isle of Man bans fossil fuel heating in new buildings
Plans to move away from fossil fuel heating systems in new builds from 2025 were announced in 2020 as part of the consultation for the Climate Change Bill.