07/30/2020
Momentum ordered to compensate Continental Wealth clients
55 complainants had substantial investments in structured notes
Regulation, Risk & Compliance
07/30/2020
Walkers Advises The Commercial Bank (P.S.Q.C) of Qatar
The Walkers team was led by Hong Kong partner Nicholas Davies and Bermuda partner Adam Bathgate with assistance from Hong Kong associate Sonya Saxena.
07/30/2020
Funds spotlight: How to minimise costs when registering private funds
The PF Law requires that new and existing Cayman Islands’ investment funds that fall within the definition of a private fund register with CIMA by 7 August 2020
07/30/2020
Key updates to Cayman Islands Economic Substance Guidance
This further demonstrates the Cayman Islands commitment to international regulatory standards.
07/30/2020
Ogier advises Clarivate on $6.8bn combination with CPA Global
Clarivate has signed a definitive agreement with the current investors in CPA Global, which includes Leonard Green & Partners, L.P. and funds managed by Castik Capital and Partners Group, to combine Clarivate with CPA Global.
07/30/2020
EU/US Privacy Shield data transfers now invalid
The now invalid Privacy Shield was a legal framework between the EU and the United States of America that allowed personal data from the EU to be transferred to the US.
07/30/2020
Trade talks begin on economic partnership agreement with the UK
The agreement contains the same tariff and services commitments that were negotiated initially in the CARIFORUM-EU Agreement to which The Bahamas and UK were parties.
07/29/2020
Bermuda Amends Trust Law to Strengthen “Firewall” Provisions and Restores Settlors’ Freedom of Disposition with Regard to Illegitimate Children
This amendment will reintroduce flexibility and restore the freedom of disposition to the settlor of a Bermuda trust in line with other offshore trust jurisdictions.
07/29/2020
Collas Crill Explains… Taking Security Over Guernsey Contract Rights
This guide looks at the key things you need to know about taking security over Guernsey contract rights.
07/28/2020
Picking up where LIU Left off: The New FATF President's Plans
The FATF is the US-dominated inter-governmental club that sets international standards which aim to prevent global money laundering and terrorist financing and the devastation that they wreak on society.
07/28/2020
Luxembourg Parliament Approves Extended Deadlines for DAC6, FATCA & CRS
On 22 July 2020, the Luxembourg Parliament voted to approve reporting extensions for DAC6, FATCA and CRS in light of COVID-19.
07/28/2020
Cayman Islands' probate practice for non-Cayman domiciliaries
The registered office provider is not authorised to update the register of members or limited partnership interests without a Cayman grant.
07/28/2020
Who really owns Scotland?
Scotland has the most inequitable land ownership of anywhere in the developed world. But attempts to change it look promising
07/27/2020
€130 million in black money regularised so far in 2020
In the case of funds that are no longer subject to Belgian income tax, because of the time elapsed since they were received, regularisation involves paying a fine of 40% of the value of the capital concerned – up from 39% last year.
07/27/2020
Reducing the Risks of Dismissal during Probation
The CFO brought a wrongful dismissal claim before the High Court alleging that the decision to terminate his employment
07/27/2020
Carey Olsen advises Willis Pension Scheme trustees on £1 billion longevity risk transfer
The longevity risk has been transferred to the reinsurer via a Guernsey-based captive insurance company fully owned by the trustee of the Scheme, established under Willis Towers Watson Guernsey ICC Limited.
07/27/2020
Bank of Mauritius joins the Network of Central Banks and Supervisors for Greening the Financial System
Reflecting on this new membership, Governor Harvesh Seegolam stated: “In line with the United Nations Sustainable Development Goals and the Paris agreement, the Bank of Mauritius is committed to further integrating the climate agenda into its bankin
07/26/2020
Flexible Working, Home Working and the 'New Normal'
Those who have started to return to their workplaces may be doing so on rotation or on staggered shifts
07/24/2020
Facilitation of Cross Border Restructuring - Appleby Global
The severe economic ramifications of Covid-19 are being, and will be, felt across all areas of industry and society for some time to come.
07/24/2020
Trust Registration Service and Fifth Money Laundering Directive… are we nearly there?
Many commentators sought further reassurances regarding access to information held on the TRS.