07/02/2021
Pillar Two seeks to put a floor on competition over corporate income tax, through the introduction of a global minimum corporate tax rate that countries can use to protect their tax bases.
07/02/2021
The Authority is currently investigating whether Binance, the Binance Group, Binance Holdings Limited or any other company affiliated with this group of companies has any activities operating in or from within the Cayman Islands
07/02/2021
It is settled law nowadays that this principle also extends to discretionary trusts, at least where the beneficial class is closed.
07/02/2021
The 1 January 2020 retroactive effective date for the anti-hybrid rules is causing concern for taxpayers and their advisors.
07/02/2021
Cayman Islands restructuring provisional liquidation is a powerful debt restructuring tool.
07/02/2021
The following rules will continue to apply notwithstanding any provision to the contrary in the articles of association of the relevant company
07/01/2021
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
07/01/2021
The topic has never been more pertinent, with continued regulatory and investor focus on ensuring robust fund governance.
07/01/2021
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.
07/01/2021
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.
07/01/2021
Grandfathering provisions were introduced to ensure a smooth transition into the new global business framework
07/01/2021
Both regulations came into force on 30 June 2021.
06/30/2021
A Cayman trust may be revocable or irrevocable.
06/30/2021
The inaugural all-day event will be held on 22 July
06/30/2021
Auditor consent letters must now be submitted with the registration application.
06/30/2021
This rapidly evolving environment is being driven by international standard setters that are now assessing regulators on much more than pure legislative architecture.
06/30/2021
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.
06/29/2021
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.
06/29/2021
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.
06/29/2021
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.