Managers of Wealth Offshore

Jersey Law - Taking Security Over Intangible Moveable Property

The ability to secure present and future intangibles with minimum formality through a single agreement

CSSF: UK deemed equivalent for the purpose of the national third-country regime under MiFIR

The scope of the regime itself is limited to Luxembourg – any future EU-wide passporting will depend on whether the European Commission issues an equivalence decision under MiFIR.

The US beneficial ownership law has its weaknesses, but it’s a seismic shift

Due to the limited scope of the Corporate Transparency Act and numerous exceptions in its application, we cannot yet conclude that the US is practicing effective beneficial ownership registration.

Bermuda Sanctions Regime Post Brexit

Prior to Brexit, the UK implemented sanctions via European Union decisions and regulations, which meant that Bermuda’s sanctions regime also mirrored that of the European Union.

Cayman Islands Update: Virtual Asset Service Provider Regime

The Act was introduced to align the Cayman Islands' framework with international standards for VASP regulation.

Caribbean Regulatory Update - Q1 2021

This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter.

Guernsey businesses angry face repaying support

It is also open to the self-employed and sole traders, the States confirmed.

Companies warned not to breach rules

BUSINESSES are being warned to abide strictly by lockdown rules, after reports that some companies are breaching them.

COVID-19 and tax treaties: the updated OECD guidance

This guidance was updated on 21 January. It appears that the goal of the updated guidance is to suggest ways that governments can best address these tax treaty issues through legislation, regulations, guidance, and best practices.

Druces advises on Sharia’a compliant commercial property financing

Working with BLME and Hatstone on this transaction has been a pleasure.

Levies, Registration and All that Jazz

Failure to pay the annual levy is also an offence under the law and may attract sanctions including a financial penalty.

Carey Olsen supports RTP Global on launch of first Guernsey venture capital fund

The Carey Olsen team advising RTP Global on all structuring, formation and regulatory aspects of Fund III's establishment was led by partner Tom Carey

Guernsey Property Transactions - Clarification On Lockdown Guidance

The takeaway point is that Guernsey is in full lockdown

CSSF: Marketing of Foreign UCIs other than the closed-ended type to retail investors in Luxembourg

Provisions governing payments to investors, redemptions and subscriptions of units or shares as well as dissemination of information

Penalties and enforcement by the Malta Business Registry

The Act contains all the notifications that companies must submit within the stipulated time periods for registration by the Registrar.

Bolt Home Mauritius: Road map to engaging and attracting Diaspora development

By bolstering the level of international experience and expertise on the island, Bolt Home Mauritius can play a key role in securing a prosperous future for the country through a digital marketplace and mobile app.

China's growing power scaring ordinary savers out of Hong Kong

The Hong Kong police cited money laundering as the reason for requesting the accounts be frozen

British Virgin Islands at a crossroads as outgoing governor decries corruption

With a judicial inquiry looming and the EU looking to blacklist the territory, the BVI is debating where its future lies

Updates To Bermuda's Economic Substance Declaration Portal

Any entity with an incomplete ESD filing on the portal should complete the filing prior to the update.

Return of lockdown for Guernsey businesses

It is important that children feel secure during lockdown

Regulation, Risk & Compliance