07/05/2020
According to the terms and conditions governed the specific products the underlying basket was (theoretically) virtual and therefore no actual investment into the underlying was supposed to take place.
07/03/2020
The Financial Vehicles Regulations make specific provision for what constitutes a "beneficial owner" of a unit trust and prescribe for a threshold level of ownership.
07/03/2020
The Rules dealing with segregation of fund assets have been issued for both Regulated Mutual Funds and private funds, which further align the open and closed end regulatory regimes with each other and those in other key jurisdictions.
07/03/2020
In March 2020 the Ministry discussed, with industry members who requested meetings, the possibility of exempting SFOs with registered offices that are licenced under the Companies Management Law or the Banks and Trust Companies Law from the SFO Regulation
07/03/2020
Company at the heart of a US investigation on dirty money from Venezuelan politicians had channelled money through Malta-based Pilatus Bank, the Caruana Galizia public inquiry hears
07/03/2020
Levels of automatic exchange of data between tax authorities almost doubled last year, uncovering €10 trillion in offshore assets, according to the OECD which says this is a ‘game changer’ in the fight against tax evasion
07/02/2020
It’s possible that the tightening of visa restrictions could lead to more offshore outsourcing in India and other countries, particularly since U.S. companies have grown more comfortable with remote work during the pandemic.
07/02/2020
SWM demonstrated a lack of competence by failing to maintain adequate professional indemnity insurance
07/02/2020
With this moratorium now extending past the September quarter date, landlords may struggle to implement changes to increase rent collections for the remainder of the summer.
07/02/2020
In relation to the Companies Act, changes are proposed in order to reinforce the concept of beneficial ownership, including identification and record keeping.
07/02/2020
Trusts will need to disclose beneficiares from now, in line with EU rules
07/02/2020
Employers should also be particularly mindful of actively ensuring employees do not work in excess of the maximum limit as recent case law has demonstrated that employers will be liable for breach of the OWT Act, even in circumstances where the work assig
07/02/2020
The authority said on Wednesday that auditing firm Ernst&Young would continue to act as bank administrators.
07/02/2020
Legals and valuations were instructed within 30 minutes with enquiries and undertaking received same day.
07/01/2020
The change, which came into effect yesterday, means that all future company reporting for these 3,000 or so firms will be filed under the Cayman Securities Investment Business Law.
06/29/2020
Stage one of the BMA’s re-opening plan granted access to certain essential personnel based on business need and COVID-19 risk factors.
06/28/2020
The British Virgin Islands (BVI) Government has taken proactive measures which are designed to control, suppress and prevent the spread of COVID-19 in the BVI by restricting access to the BVI, curfews and encouraging social distancing.
06/28/2020
The practical importance of this is that it allows originating process, such as writs and petitions to be validly issued in electronic form at a time when paper filing is not possible.
06/28/2020
It should be noted that the normal protocols for such meetings should be observed as far as possible, and revert back to normal as soon as the threat from the outbreak recedes.
06/28/2020
In particular we will focus on the impact to filings, ability to conduct searches, certificates of good standing, other relevant searches, court sessions, travel restrictions and the implications for Economic Substance compliance and residency.