05/17/2023
Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth
If approved, the changes to the law will not affect existing residents, who will continue to pay taxes at their current rate.
Regulation, Risk & Compliance
05/17/2023
The Vice President Reaffirms Administration’s Commitment to Promoting Private-sector Organisations
Highlighting the ever-evolving nature of the world, the Vice President stressed the need to leverage innovation and introduce new ideas and enterprises to help the growth and diversification of the economy.
05/17/2023
Local banking sector remains stable amidst ongoing challenges
The BSI shows that banking stability within the monetary union peaked in December 2022, despite growing global macro-financial risks.
05/16/2023
Crypto companies flee US troubles to balmy Bermuda
The act was instrumental in setting up a licensing body for issuing, as well as selling and redeeming digital assets.
05/16/2023
New requirements for re/insurers
Any such requirement must take into account the nature, scale, complexity and risk profile of the insurance business
05/16/2023
Maldives signs USD40 M agreement with Saudi Arabia
Maldives signs USD40 million agreement with Saudi Arabia to establish SME Impact Fund
05/15/2023
The Silicon Valley Bank (SVB) debacle
Based on its main client type, deposits held there were typically above the maximum.
05/15/2023
‘Act now’ to help Islanders with costs
Reform Jersey’s Deputy Raluca Kovacs said that the States decision last year to reject her proposition to remove GST from food was a ‘missed opportunity’ to help those most in need.
05/15/2023
An overview of investment funds and asset protection in the British Virgin Islands (BVI) and the Cayman Islands
Both jurisdictions offer a wide range of investment products and services
05/12/2023
Irish Court of Appeal gives significant ruling for lenders and funds in enforcing security
Borrowers should now be aware that liens registered pursuant to Section 73 can secure loan agreements or advances made after 31 December 2006.
05/12/2023
Mosaic and Safe Security offer global cyber cover
Mosaic’s primary product leverages Safe Security’s award-winning cyber-risk platform, offering inside-out evaluation to organisations and rewarding their investment in security solutions through premium-rate incentives.
05/12/2023
Start-up smart: GDPR compliance made easy
It must be transparent – you must tell an individual why and how you are processing their data.
05/11/2023
Officials still trying to get Cayman off grey list
If the jurisdiction is to be removed, that is expected to happen at the following plenary, which will be in October.
05/10/2023
Features and benefits of BVI Approved Funds for startup, emerging managers
Approved Funds are limited to a maximum net asset of USD100 million, or another currency equivalent.
05/10/2023
Trinidad and Tobago, US talk energy, food, finance
These committees are composed of representatives of the US government and various Caricom governments.
05/10/2023
Carey Olsen and JTC Group assist Valour with new physically digital asset-backed offering
Chris said: "We enjoyed assisting Valour launch their ETPs programme from Jersey and were pleased to see another cross-jurisdictional promoter choosing Jersey as a jurisdiction in the digital assets space."
05/09/2023
The Rules of Engagement - Repeal and Revision of the CPR in the BVI
The revised rules have also brought clarity to the proper process by which an arbitral award is to be enforced.
05/09/2023
SEC ordered to speak up on cryptocurrency regulation
The crypto exchange referred to a 2022 petition asking for formal rule making within the digital assets sector, to which the SEC is yet to respond.
05/05/2023
“Diminished” P&R investment performance “concerning”
Deputy Ferbrache also said CA undertook a “comprehensive review” of existing managers and the overall strategy
05/05/2023
Five chapters authored for Legal 500 Private Client guides, 2023
The guides provide a pragmatic overview of the laws and regulations of private client practice and information about taxes, succession laws, wills, trusts and their structures.