Managers of Wealth Offshore

Granting of Guarantees by British Virgin Islands Companies

BVI law provides a high degree of protection for lenders

The GFSC enforcement process: To the Senior Decision Maker – and Beyond

The Royal Court has again held that the Guernsey Financial Services Commission's enforcement process is compliant with licensees' right to a fair trial under The Human Rights (Bailiwick of Guernsey) Law 2006.

Walkers (Hong Kong) Advises on Sands China's $1.5 Billion Bond Offering

The deal was led by Hong Kong partner Kristen Kwok, who was supported by Sonya Saxena.

Supervision of costs in UCITS and AIFs

To promote convergence in relation to the supervision of costs in UCITS and AIFs, ESMA has developed criteria to support NCAs

FSCS pays out £5.9m on offshore property advice

The lifeboat scheme has also adapted the way it calculates perceived losses stemming from the investments, valuing many at nil to allow for claims.

Business sector sees opportunity in States' strategy

This is more important than ever."

Cayman Islands introduces new regulatory regime for virtual assets

This briefing provides a high level summary of the VASP Law and the amended legislation above.

New Fast Track Application Regime for Managers of Overseas Collective Investment Schemes:

The new regime has resulted in the publication of a revised Form FTL and where a migration of the manager is involved the new Form FTLM.

Ten day fast track regime boosts Guernsey's appeal to migrating fund managers by Kate Storey

The fast-tracking would apply for either a general partner of a non-Guernsey limited partnership, or a standalone manager wishing to move domicile to Guernsey.

DAC6 reporting obligation deferred by 6 months

The 3-month deferral for DAC2 initially proposed by the European Commission on 8 May 2020, is maintained.

Covid-19: Flexibility regarding reporting for banks and financial service providers

It also specifies that the leeway it applies will be closely coordinated with national authorities, the ESAs as well as the European Central Bank.

Swiss private bank has Cayman Islands licence revoked

Regulator says it failed to appoint appropriate directors and meet AML protocols

British Virgin Islands Regulatory Obligations and Filing Deadlines 2020

The appointed person responsible for the valuation of fund property must value the fund's assets in accordance with the valuation policy.

China security law has Hong Kongers eyeing offshore accounts

Banks see jump in inquiries as savers wonder whether their nest eggs are safe

Spotlight on ADGM: Structural Advantages and-Benefits for Investors

By structuring transactions using vehicles domiciled in the ADGM, enforceability of structures and transaction terms can be improved for private equity and venture capital investors.

Mauritius Budget 2020/21 - Ocorian Analysis

The government’s strategy to create a platform for sustainable growth in a “new normal” world is commendable.

BVI Court of Appeal Overturns Black Swan

The Court of Appeal also ruled that the assets of a BVI company are not, without more, to be considered the assets of one of its shareholders

Ogier and Clifford Chance advise HSBC on States of Jersey Covid-19 credit facility

Carey Olsen and Slaughter and May acted for the States.

Investment by Guernsey vehicles into cannabis and other drug-related assets

The Committee has stated that Guernsey's anti-money laundering legislation will not apply to the proceeds of the lawful cultivation and production of cannabis for recreational purposes in any country where such cultivation and production is lawful.

BMA awards licence to cryptoasset insurer Evertas

Cryptoassets are a new and rapidly expanding asset class with a total market capitalisation of $300 billion. 

Regulation, Risk & Compliance