Managers of Wealth Offshore

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

Gibraltar moves to tighten regulation of cryptocurrencies

We opted for regulating this space in a more financial services-based way, which became what we called the core principles.

Cicra “terminated” by Jersey

That the island has a need to transition to a Guernsey-only competition watchdog boils down to a difference in mindset between Guernsey and Jersey politicians.

EIB under scrutiny for failings after whistleblowing complaints

The bank falls short of EU anti-money laundering rules, internal audit reveals

Cayman Islands Update: New CRS Form Released and FATCA Deadline Extended

Each year, all Reporting FIs and TDTs must complete a CRS Compliance Form via the DITC Portal by 15 September 2020.

Ireland Update: Temporary changes to the Irish planning regime

In cases where the public consultation period or the permitted appeal period falls within the Emergency Period, they will be automatically extended by a period equal to the number of days in the original deadline that fall within the Emergency Period.

Regulation, Risk & Compliance