09/26/2022
BVI Introduces Legislative Amendments To company Framework
The revisions include measures to enhance the process for dissolving and restoring companies under BVI law and the continuation of companies outside of the BVI.
Regulation, Risk & Compliance
09/23/2022
Large number of data records deleted
The 18 overall cases was a fairly low number in itself though, which follows a trend set that has seen lower number of incidents over the traditionally quieter summer months.
09/23/2022
Digital Assets and Hedge Funds
The AIMA survey continues that the average hedge fund allocation to digital assets is around 4%.
09/22/2022
Barbados to refinance debt, help protect ocean in rare deal
Barbados has five years to declare sites under protection and another two years to implement management plans.
09/22/2022
Barbados issues world's first pandemic-protected bond
The bond, to be repaid over the next 15 years, will be the first to allow a government to suspend its payments if another outbreak similar to COVID-19 happens.
09/22/2022
Government to overhaul companies legislation
Asked when that legislative overhaul would take place, Pinder said the Government is looking to have draft legislation in the first quarter of 2023.
09/21/2022
World-wide recruitment opportunities for Guernsey
This is designed to provide businesses in Guernsey with the significant opportunity to expand their recruitment to the global workforce, which has the potential to ease recruitment challenges experienced locally since Brexit and the pandemic.
09/21/2022
‘Green Isle’ Guernsey launches Natural Capital Fund regime
This policy announcement follows completion of a public consultation process.
09/21/2022
SEAR and the Individual Accountability Landscape: The Central Bank (Individual Accountability Framework) Bill 2022
Once enacted, which might be as soon as Q4 2022, the IAF Bill will introduce significant changes to the regulation and supervision of regulated financial service providers
09/21/2022
Snapshot: Section 175 of the BVI Business Companies Act
An example of this wide ranging power is that, subject to a company's memorandum and articles of association (M&A), directors can generally approve the sale of assets by a BVI company without the need for member approval.
09/20/2022
Jersey announces further increase to minimum wage, representing 14% increase to current level
A single minimum wage rise to £10.50 from 1st November represents a 14% increase compared to current levels.
09/20/2022
Legal Guide to Pre-Enforcement Steps Under Jersey and Guernsey law
Enforcement of share security over Jersey or Guernsey companies in those structures will generally be one of the enforcement options.
09/19/2022
Taylor: Bermuda is a positive ESG jurisdiction
Mr Taylor was one of four panellists in the ‘Using Captives for ESG Initiatives’ discussion on the final day of the Bermuda Captive Conference 2022 held at the Fairmont Hamilton Princess.
09/16/2022
BVI Funds and BVI Approved Managers – what makes them a sensible choice for you
Our speakers also interacted with the audience at the end of the webinar through the Q&A session
09/16/2022
Dart announces new and enhanced employee benefits with focus on family
Pre-pandemic internal research highlighted benefits that employees hoped to see added to Dart’s already extensive benefits package, while post-pandemic realities made family, flexibility, and time off more important than ever.
09/16/2022
P&R proposes new law on minimum standards for accountants
"This gap has arisen as the [international] Financial Action Task Force has revised the standards it requires jurisdictions to apply in relation to these businesses," it said.
09/16/2022
Mortgage disbursements drop 22 percent in Q2 Central Bank reports
With regard to interest rates, the average loan financing for commercial mortgages narrowed by 2.0 percentage points to 5.72 percent
09/15/2022
Jersey’s minimum wage set to rise from 1st October
Jersey’s minimum wage is set to rise to £10 per hour from 1st October 2022.
09/15/2022
Quarterly Economic Review June 2022
In addition, banks’ credit quality indicators improved in the second quarter, underpinned by the modest recovery in the economy and ongoing loan write-offs.
09/15/2022
BVI Business Companies (Amendment) Act 2022 - Summary of Key Changes
BVI Business Companies (Amendment) Act revisions effective 1 January 2023