Managers of Wealth Offshore

Saunders v Vautier where the beneficial class is not closed - The Debate goes on

It is settled law nowadays that this principle also extends to discretionary trusts, at least where the beneficial class is closed.

Upper house of parliament approves law to implement EU anti-tax avoidance directive

The 1 January 2020 retroactive effective date for the anti-hybrid rules is causing concern for taxpayers and their advisors.

Cayman Islands Debt Restructuring

Cayman Islands restructuring provisional liquidation is a powerful debt restructuring tool.

Luxembourg companies to hold virtual meetings until 31 December 2021

The following rules will continue to apply notwithstanding any provision to the contrary in the articles of association of the relevant company

Regulations amending Guernsey’s Economic Substance Rules to apply to Partnerships

We anticipate the biggest impact will be on the private equity industry, as well as other parts of the investment management sector that make common use of partnerships

Fund Governance in Focus

The topic has never been more pertinent, with continued regulatory and investor focus on ensuring robust fund governance.

Update on proceeds of crime and legal overseas cannabis

The Minister for External Relations also intends to make an Order specifying the jurisdictions to which this change will apply, based on the outcomes of mutual evaluation reports carried out against the FATF Standards.

Companies urged to be Aware of new Beneficial Ownership Rules

The introduction of these changes send a clear message that the Isle of Man is a responsible and responsive jurisdiction committed to following international financial standards.

Final step in phasing out the GBL1/GBL2 and deemed foreign tax credit regimes in Mauritius: What next?

Grandfathering provisions were introduced to ensure a smooth transition into the new global business framework

Economic Substance Requirements Extended to Partnerships

Both regulations came into force on 30 June 2021.

Types and uses of Cayman Islands law trusts

A Cayman trust may be revocable or irrevocable.

Financial services conference to tackle Cayman’s strategic outlook

The inaugural all-day event will be held on 22 July

Cayman Islands investment funds - spring 2021 update

Auditor consent letters must now be submitted with the registration application.

Evidencing Effectiveness

This rapidly evolving environment is being driven by international standard setters that are now assessing regulators on much more than pure legislative architecture.

Feature: Substance requirements and economic permanent residency in The Bahamas

The general purpose of substance requirements legislation is to ensure that entities are engaged in real economic activity in the jurisdiction they are deemed to be resident for tax purposes.

Apex Group secures global company secretarial services mandate with Bocom

This global mandate is an expansion of the Group’s existing relationship with Bocom who have been a client since 2011.

EU nationals in Channel Islands reminded to apply for settled status

Citizens Advice Jersey says it is concerned there are hundreds of islanders who still have not applied and it has been inundated with requests for support in recent weeks.

Valuations can play a key role in contentious cases

Commercial litigators are likely familiar with the broad concepts involved – but perhaps not with how valuation principles can be deployed in contentious cases.

Capital International Bank secured Isle of Man full alternative banking regime licence

It has a quick pre-application process, whereby clients will know within just 200 seconds whether they are eligible for the service or not.

A period of reform for UK stock exchanges?

Despite the global uptick in new listing activity, the UK has been facing pressure as a jurisdiction, with only 5% of global IPOs having been carried out in London between 2015 and 2020.

Regulation, Risk & Compliance