Managers of Wealth Offshore

Cayman limited partner protections

The fund documentation invariably contains extensive details of the general partner's rights, powers and protections.

SRA publishes report on anti-money laundering

Our anti-money laundering work

New Bermuda ILS marketplace registers

The regulatory sandbox provides “an innovation track” for companies to test new technologies

New exemptions align Jersey’s prospectus rules with familiar UK/EU exemptions

The changes are an important step in modernising Jersey’s prospectus regime while still maintaining its integrity and its fundamental role in protecting investors.

Global perspectives: current trends and outlook for the leveraged loan market

With market leading banking and finance lawyers working from nine offices throughout these regions

Fiduciary Duty in the 21st Century: ESG, B Corps and a legal revolution

The sustainable- and impact-minded revolution, which incorporates concepts like ESG but also things like B Corporations, has gathered huge momentum in recent years.

Will Guernsey’s regulated ESG funds end greenwashing?

This is often linked to the scarcity of data provided by portfolio companies – and highlights the need for them to work with asset managers on a consistent, pragmatic but ambitious approach to ESG.

Ombudsman fights data breaches

It provides a legal framework to ensure any breaches are punished and it’s a role that falls to Ombudsman Sandy Hermiston and her team, who take this function very seriously.

Jersey Court declines to follow Bermuda Court on the role of protectors

The Court also commented that full and open discussion is expected between trustee and protector

Apex Group closes acquisition of ARM Swiss Representatives

ASR’s integration into the Group will enable clients to benefit from Apex’s international footprint

Caribbean Regulatory Update - Q4 2021

The Financial Investigation Agency Act, 2003 has been amended to enhance the FIA's supervisory powers in relation to financial institutions

Cayman Islands funds: economic substance notification filings for partnerships

Notwithstanding this expansion, an investment fund structured as a Cayman Islands exempted limited partnership is exempt from the requirement to meet any economic substance test in Cayman

Administrative fines: The process and possible responses

In this Update, we examine the administrative fines process and the steps that can be taken in response to a breach notice.

Guernsey's new bespoke private wealth structure

Trusts have long been the “go to” structure for the holding of family wealth for its protection and for passing it on to future generations.

GFSC: Revised rules, codes and guidance

The new and amended laws also aim to eliminate inconsistencies between the regulatory laws which should help to create efficiencies for industry and the Commission.

Luxembourg: New Performance Fee Declaration

The declaration will be available from 30 September 2021 for all funds with a July to December 2021 financial year end and from January 2022 for all funds with a January to June 2022 financial year end.

Take privates by way of a scheme of arrangement in the Cayman Islands

A scheme of arrangement is a compromise or arrangement made between the target and its shareholders

Fund finance: Guernsey perspective and updates

Often an acceptable approach is for a notice to be delivered to the corporate administrator acting for and on behalf of each investor

DeFi, DAOs and VASPs in the Cayman Islands

The industry interpretation of these regulations is such that a private sale would therefore not constitute a sale to the public.

The BVI Common Law After Broad Idea

Although it is the usual situation, there is no requirement that the judgment should be a judgment against the respondent.

Regulation, Risk & Compliance