Managers of Wealth Offshore

Probe utility’s offshore accounts

The offshore accounts owned by PECO and the Cacho family

Practice makes Perfect – what's next for Jersey schemes of arrangement?

Issues relating to the conduct and classification of shareholder meetings will therefore remain a primary consideration at the directions hearing for Jersey schemes, as has been the case in the past.

Additional requirement under the private funds regime to manage and monitor potential conflicts of interest

The Cayman Islands government has expanded this specification to require the private fund to also manage and monitor any such conflicts of interest.

Ireland | PD3 – Practical Insights

In our experience, the above risk factors may be challenged as to whether they are statements of fact rather than actual material risk factors directly related to the transaction in hand.

Process for listing debt securities on the Official List of The International Stock Exchange (the “Exchange”)

This note includes information relating to the listing process and listing documentation requirements of The International Stock Exchange Authority Limited (the "Authority").

Urgent: Check if definition changes mean your Private Fund needs to register with CIMA by 7 August 2020 deadline

The Amendment makes changes

CJEU on data protection: Privacy Shield is dead; standard contractual clauses valid (with conditions)

In its judgment, the CJEU declared that the EU-US Privacy Shield (Privacy Shield), a mechanism used to legitimise of data from the EU to the US, is invalid.

House: pay cuts will save nearly $500,000

The suspension of pensions contributions for members of the legislature was expected to deliver a $500,000 saving.

Constellation: a dazzling success for BVI restructuring

This briefing first appeared in the June 2020 edition of South Square Digest.

ESMA Discontinues its 'Brexit Leveller' Committee

On 29 May 2020 the European Securities and Markets Authority ("ESMA") announced the winding down of its Supervisory Coordination Network.

Walkers' Ireland advises on first catastrophe bond programme through an Irish Solvency II MA SPV

Walkers was delighted to assist UnipolSai in launching the first multi-arrangement catastrophe bond programme approved by the Central Bank of Ireland.

New Rules Around the Disclosure of Beneficial Ownership in Jersey: What You Need to Know

Of particular note the Law will apply to Foundations, which currently fall outside the scope of the Control of Borrowing (Jersey) Order 1958 (COBO).

Jersey anticipates fund migration uptick following change to Limited Partnership rules

"This amendment makes it easier for managers to migrate their structures from elsewhere in a quick, cost-effective manner so that they can benefit from Jersey's ideal alternatives ecosystem. We anticipate a strong uptick in fund relocations foll

UK Trust Register - final rules published

These regulations clarify some of the uncertainties raised by the previous draft regulations and accompanying consultation document which were issued in January this year.

Cyprus: Thousands of NGOs face purge if not properly registered, minister says

Nouris said there were over 7,000 NGOs operating in Cyprus, and only 2,000 had their documentation up to date with his ministry.

MALTA: 10,000 companies taken off registry

The idea is that all directors and shareholders of businesses will now be screened before being allowed to operate in Malta.

Switzerland and Cyprus sign protocol of amendment to their double taxation agreement

It still has to be approved by the legislator in both countries before it can come into force.

Oran Hall | Approved Pension Arrangements A Safe Option For Retirement Income

Because all approved pension arrangements are established as trusts, they must have a trust deed, which is a contract between the sponsor and the trustees to manage them according to certain stated conditions.

BVI asks jobless expats to leave

"We must ask ourselves how long we can carry on, and we must make decisions that are sustainable for the foreseeable future."

Bahamas Closing Borders to U.S. Commercial Flights

The move comes due to what officials called a “continued increase in COVID-19 cases in the United States, as well as an uptick in cases in The Bahamas.”

Regulation, Risk & Compliance