Managers of Wealth Offshore

Guernsey capacity law approved – new capacity test and the introduction of lasting powers of attorney

The Capacity Law will come into force on a date yet to be appointed by Ordinance of the States of Guernsey.

European Commission approves Malta's €215 million wage subsidy scheme

The Commission concluded that the Maltese measure was "necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State."

Using Captives to Insure Against Black Swan Events

As popularized by finance professor and Wall Street trader Nassim Nicholas Taleb in relation to financial markets, the term “black swan” refers to a rare or low-probability event that deviates from what is normally expected but poses critical

JFSC: Effectiveness of finance industry's response to Covid-19

Businesses have been open and transparent with the JFSC about their contingency plans and any operational issues they have been facing.

EU pushes to ‘phase out’ Malta’s citizenship scheme

Citizenship sale schemes posed money-laundering and corruption risks

Corporate Governance During Covid-19

The director remains under an ongoing duty to supervise the performance of the delegated power

Offshore Business Update

As a result, many people, particularly those in the financial industry, are working remotely, and face to face meetings have become challenging (and in some instances, impossible).

Covid-19 - Signing of Wills in Jersey

The Regulations are a welcome and proportionate response to the current unprecedented circumstances.

CRS And FATCA Update

We have summarised the key updates below which Cayman Financial Institutions (Cayman FIs) need to be aware of

Changes to work-permit process approved

The changes were introduced alongside previously planned tweaks to the immigration rules, which the premier said would help protect Caymanians in the workforce.

COVID-19 and tax residency

In early April 2020, the OECD released their guidance (PDF 327 KB) on how certain issues dealt with under the model OECD tax treaty will be affected by COVID-19

Phase 2 of Lockdown Easing Measures in Guernsey - What does it mean fro Guernsey Property Transactions?

This is a great step forwards but it leaves as a very live current issue the logistics of how will people move between properties.

Overstayers amnesty granted

The amnesty is intended to reflect the spirit of compassion and humanitarianism which underpins the Government’s approach to policies in response to COVID-19,” the statement said.

The Channel Islands’ competition regulator, CICRA, to split

From 1 June, the Jersey Competition and Regulatory Authority will act independently, with its own Board, executive and staff.

Zedra’s CEO, Ivo Hemelraad explores the ways the Coronavirus has changed business and what we might expect next

It was a natural priority for us to focus on employee wellbeing, putting our team’s health at the centre of our response.

COVID-19 (Residential Tenancy) (Temporary Amendment of Law) (Jersey) Regulations 2020 come into effect

This Law governs all leases or tenancy agreements for residential property in Jersey.

Enforcement of security in insolvency

Acquisition financing are usually secured against the assets and cash flows of the target company as well as of the buyout vehicle.

Emergency legislative changes to Jersey wills and succession due to COVID-19

"We welcome the commonsense introduction of the temporary legislation which will help provide peace of mind for clients."

CySEC issues guidance on completing the due diligence procedures after the commencement of a business relationship

CySEC sets out the parameters in which regulated entities are permitted to make use of this exception.

Luxembourg government calls on start-ups to innovate in order to overcome the COVID-19 crisis

Project proposals can be submitted from 20 April until 30 April 2020

Regulation, Risk & Compliance