04/08/2020

Guernsey banks work with States on loan guarantee scheme

All three governments were advised by government lawyers and teams from Carey Olsen on the establishment of the schemes, including agreeing the heads of terms, drafting the scheme documentation and its launch, while Appleby advised the banks.

04/08/2020

Structured Credit in the PRC and Hong Kong

With the tightening of liquidity and credit controls in the PRC, banks and financial institutions are looking for ways to reduce its existing credit exposure by moving any existing loans off their balance sheet.

04/07/2020

Electronic signatures in the Cayman Islands

The ETL provides that, subject to certain requirements, contracts will not be excluded from having full legal effect by virtue of their execution with an electronic signature.

04/06/2020

SANNE announce new client win

This collaboration is representative of the continued efforts of SANNE to maintain a leading position within the Africa-centric hub.

04/06/2020

Jersey Cash Box Structures: A Fast Route to Funding

It is no surprise, as a result of the wider economic unpredictability arising from COVID-19, that listed companies requiring urgent access to capital are turning their attention back to Jersey cash box structures.

04/06/2020

Charities Registration and Regulation Act 2019

Every registered charity (even small charities) must now have a written governing instrument and the Attorney General must give prior written consent to any amendment to the written instrument (unless it is a foreign charity).

04/06/2020

Global Forum: Switzerland scores well

The report was published on 6 April 2020. It noted significant improvements, in particular as regards bearer shares and the efficiency of information exchange in practice.

04/06/2020

First 'hardship' payments due this week

So far over 2,300 businesses have registered for support and each of these business has now received an application form which many have already returned to us.

04/05/2020

Economic Policies for the COVID-19 War

In a war, massive spending on armaments stimulates economic activity and special provisions ensure essential services. In this crisis, things are more complicated, but a common feature is an increased role for the public sector.

04/03/2020

CAYMAN ISLANDS: Businesses still causing curfew trouble

Speaking at the daily press briefing to update the community on the situation with COVID-19, he dismissed concerns that government was planning another full lockdown and round-the-clock curfew because of the impracticalities.