Managers of Wealth Offshore

The Royal Court recognises Canadian 'debtor in possession' bankruptcy orders over a Jersey company

It is the first time that such Canadian proceedings have been recognised in Jersey.

The Continued Use of Oddshore SPVS for Sukuk Issuances

More and more issuers from other GCC countries are entering the international debt capital markets through the issuance of Sukuk.

Amendments Made to the Malta Retirement Programme, Global Residence Ptogramme, Residence Programme and the United Nationas Pensions Programmes Rules

This Legal Notice specifies that such household staff must be in an employment relationship with the beneficiary

COVID-19: Directors Need To Avoid Getting Caught Flat-Footed

In these challenging and unsettling times directors must remain mindful of ensuring they continue to comply with their common law fiduciary and statutory duties

Jersey Chamber of Commerce fires attack at Chief Minister

Since then there has been absolutely no practical change in the situation; not a single pound has yet been released to help employees keep their jobs.

COVID-19: FCA expectations on financial resilience for FCA solo-regulated firms

The FCA has announced that it will delay the publication of the directory of certified and assessed persons, which was due to be published by the end of March, for at least a month.

Offshore Business Update: Seychelles

For good standing of a company one may rely on a Director’s Certificate or Certificate of Incumbency issued by the Company Secretary or Registered Agent, if available and at client’s own risk.

Offshore Business Update: Bermuda

In addition we will also provide updates of any other temporary regulatory measures in place that might affect any ‘business as usual’ processes.

Offshore Business Update: Mauritius

Passengers who wish to leave the Mauritian territories are advised to contact their respective travel agencies or airline companies for flight re-scheduling.

Offshore Business Update: British Virgins Island

In this update, we will provide a rolling overview of how the authorities in the British Virgin Islands are continuing to respond to the evolving global COVID 19 pandemic.

BAHAMAS: Deferral of Loan Payments for Borrowers Displaced by COVID-19 Pandemic

Some financial institutions have already announced credit support that could extend beyond three months.

Harneys Cyprus continues to be highly ranked by Chambers Europe

A source said the lawyers are “very helpful and proactive,” before going on to note that they provide “comprehensive advice.” Another source said the team is “knowledgeable, responsive and business-oriented.”

Update on the Operation of the BVI Corporate Registry

This enables us to deliver high-quality work for our clients whilst prioritising the safety and well-being of our people.

Round up of EU banking regulators issue updates and advisories on COVID-19

Mostly importantly the EBA confirms that banks can fully use capital and liquidity buffers, including Pillar 2 Guidance (P2G) and will benefit from relief in the composition of capital for Pillar 2 Requirements.

PilatusBank was a ‘money transfer operation’

While its total equity was of €10.8m, Pilatus had just six loan clients and six to whom the bank had provided financial assistance in connection to residency schemes and applications to buy a Maltese passport.

Covid-19: What next in Jersey - should I be worried about wrongful trading?

Businesses face a serious challenge in the current crisis.

Malta Financial Regulator Warns Against Unauthorized Crypto Firms

The document’s letterhead prominently displays the British royal coat of arms.

Antigua - Barbuda ambassador calls for World Bank - IMF urgent attention to all vulnerable economies

The WBG and IMF should not stop there.

RBC closes 3 branches temporarily

Effective Wednesday, some RBC Royal Bank branches in Trinidad and Tobago will close.

The Bahamas: Employer Obligations During COVID-19

Under the EA, employees who have been employed for at least six months are entitled to one week of paid sick leave and are required to produce to their employer a medical certificate

Regulation, Risk & Compliance