03/28/2022
The reality is that the lower the level, or better the upgrade, the better the situation for the tourism industry and it will certainly have a positive impact on group bookings as well as general tourism.
03/28/2022
The complaint stated that the two individuals, Ofer Abarbanel and Victor Chilelli, misappropriated investor funds by diverting these monies into shell companies in uncollateralized loan transactions in violation of the Fund's prospectus and in breach
03/28/2022
"In terms of the bailiwick's continued response to Covid-19 and what that's meant for our economic performance"
03/28/2022
There is no BVI legal requirement for the instrument of transfer to contain details of the consideration.
03/28/2022
For similar reasons, it can be advisable to have a Guernsey Will limited to Guernsey assets to avoid paying probate fees in respect of the worldwide estate and release Guernsey funds more quickly, to assist the family and administration in other locations
03/28/2022
Post-termination restrictions are incredibly common in employment contracts for financial services businesses in Guernsey and Jersey.
03/28/2022
Other sanctions lists (eg OFAC, EU, and UN) should also be considered and monitored by all FSPs, VASPs and persons conducting business in the Cayman Islands as they may be relevant but aren’t legally binding in the Cayman Islands.
03/25/2022
Zimbabwe remains in Appendix I as it is listed by other relevant external sources.
03/25/2022
The OECD announcement indicates that the CARF would cover “crypto-assets that can be held and transferred in a decentralised manner
03/25/2022
N Trust was fined following a review earlier this year
03/24/2022
The FIAU strongly encourages subject persons to consult this publication which is accessible on the FIAU website.
03/24/2022
Mauritius Trusts are governed by the Trust Act 2001 which lays out the regulations relating to the creation and administration of Trusts on the island.
03/24/2022
SPs were therefore requested to report a TRN for every pending transaction in addition to the STR/SAR.
03/24/2022
A breakdown of three recent major developments.
03/24/2022
Sanctions are also applied against North Korea over its nuclear weapons programme and against Iran for its nuclear enrichment activities.
03/23/2022
Diesel is the fuel for Alderney's power station and kerosene is the fuel most people use to heat their homes.
03/23/2022
Customers tell family, friends and colleagues when they have received a great customer experience, but they tell 3X more people when they have a terrible experience.
03/23/2022
Crew members allegedly part of Russia’s security services
03/23/2022
A company will be deemed unable to pay its debts if the creditor has served a statutory demand (in the prescribed form) on the company requiring payment of the sum due, and for 21 days the company has not paid the sum due.
03/23/2022
Whilst the Jersey provisional liquidation regime is not currently as wide reaching as is the case in certain other offshore jurisdictions, the underlying concept and intention behind the regime is consistent.