03/18/2022
Cayman on EU's AML blacklist: what’s the impact for PE funds?
The European Commission’s Delegated Regulation (EU) 2022/229 entered into force on Monday 13 March 2022
Regulation, Risk & Compliance
03/18/2022
Just and equitable winding up: the status quo in Jersey
This has inevitably led to the widening of circumstances in which such an order will be granted in Jersey.
03/18/2022
Recovery of external lawyers’ costs
Given the global nature of business in Guernsey, it is not uncommon for lawyers in other jurisdictions to be involved in disputes before the Guernsey courts.
03/18/2022
Maples Group supports first migrations of collateralised loan obligations migrations to Jersey
The market has responded positively to the use of Jersey as an alternative jurisdiction for CLO transactions and we expect the closing of these notable transactions will inspire further confidence in the future use of Jersey by CLO and other structured pr
03/18/2022
Economic Activity Return is a new requirement for selected employers
Those selected this year will be contacted directly in April via a letter.
03/18/2022
BVI Commercial Court freezes assets held by unknown hackers in support of crypto tracing claim
The hacks caused loss to the applicant, in part because it compensated the affected users and projects.
03/17/2022
Guernsey States pressed to clarify costs of new anti-discrimination law and impact assessment
The CGi would like to understand Guernsey’s new legislation in terms of tribunals, claims and costs
03/17/2022
June end for Cayman pension holiday
The Department of Labour and Pensions, through the statement, added that voluntary pension contributions can be paid into pension funds.
03/17/2022
New Restructuring Officer Regime to be Introduced into the Cayman Islands
The much-anticipated reforms to the insolvency legislation in the Cayman Islands are now expected to come into force during the course of 2022
03/17/2022
Government’s financial position marginally ahead of budget
This resulted in an operating surplus of $209.3 million, which was $11.8 million more than forecast.
03/17/2022
Guernsey’s secondary pensions provider selected
The auto-enrolment obligations for employers will be phased-in according to the number of employees, starting with larger employers.
03/17/2022
Isle Of Man Takes Steps To Stymie Movement Of Russian Billionaire Andrey Melnichenko’s Two Superyachts
The Isle of Man’s Minister for Enterprise, Dr. Alex Allinson, told the BBC on Tuesday that deregistering a ship means it cannot legally take to the sea.
03/17/2022
Government of Jersey and JFSC Joint Risk Statement to the Financial Services Industry: Customer Relationships Associated with Russia and Belarus
The Financial Action Task Force, the global money laundering and terrorist financing watchdog
03/17/2022
Jersey suspends tax cooperation with Russia
Russian and Belarussian businesses and those businesses related to their assets are now at a higher risk of being used to support President Putin’s regime.
03/16/2022
Hospitality Partnership between Jersey and Antigua and Barbuda
This will provide career development opportunities for Antiguan and Barbudan hospitality professionals, as well as provide much-needed recruitment opportunities for Jersey companies.
03/16/2022
Electronic Signatures and Registered Land - No Change in Practice Despite New Irish Regulations
The Regulations apply to interests in registered land only.
03/15/2022
What documents and records must a BVI company keep?
It assumes that the company is a company limited by shares, has registered shares and is not a regulated person.
03/15/2022
Aircraft registries count the cost of sanctions
Most of these aircraft were owned by leasing companies in Ireland, Burt said.
03/15/2022
New Powers for Companies House sweeping in to oversee British and Overseas Business Entities
Companies House will, in future, play a major role in preventing the abuse and the reforms to the role of Companies House will be fundamental to the control of white-collar financial crime.
03/14/2022
States of Guernsey provides overview of steps taken to date in response to war in Ukraine
The Policy & Resources Committee has made a commitment of £500,000 to support the people of Ukraine.