04/26/2019
Aircraft Liens and Detention Rights - Isle of Man Chapter
Andrew Webb and Alexandra Dernie provide the Isle of Man contribution to Sweet & Maxwell's global guide, Aircraft Liens and Detention Rights.
Regulation, Risk & Compliance
04/26/2019
The current status of SAMLA in the BVI and the Cayman Islands
The UK imposes all financial sanctions created by the United Nation's Security Council and the EU
04/26/2019
Bermudian bank acquires Channel Islands business
Deal is expected to close during the third quarter of 2019
04/26/2019
Development Bank still grappling with loan delinquencies
The Development Bank repossessed nearly $10 million of collateral during the 18-month period ending June 30, 2016, and more than $8 million the next period.
04/26/2019
BVI investment funds not subject to economic substance rules
This guidance confirms that an entity will be treated as carrying on a relevant activity in the BVI during any financial period in which it receives income from that activity.
04/26/2019
Cayman Islands: A Clean Bill Of Health - For Now
Anti-money laundering and anti-terrorist financing legislative regimes meet the highest international standards, and the Cayman Islands commitment to compliance is unwavering.
04/25/2019
New anti-money laundering regulations come into force May 1
The applications of money-lending, real estate and precious metals businesses will be subject to simplified due diligence by the DCI Compliance and Enforcement Unit before the DCI board reviews them.
04/25/2019
Cayman adds 16 new captive licenses in 2019
With regard to group captives, the Cayman Islands has over 120 vehicles in place totalling $3,013,772,649 in premiums from over 5,000 shareholder-insureds.
04/25/2019
Luxembourg Securitisation market feels impact of ATAD 1 Interest Limitation Rule
In a nutshell, the rule means that securitisation vehicles (SVs) with a main source of income through capital gains, non-performing loans and so on, may not be able to achieve tax neutrality which is a standard for all such vehicles.
04/24/2019
Switzerland set to sign Belt and Road MOU
In another major coup for China’s overseas engagement, Switzerland is set to be the latest country to sign up to the Belt and Road initiative. The move will likely take place during the state visit to China by President Ueli Maurer, who will be acco
04/24/2019
Cayman Islands: Mergers & Acquisitions Guide 2019
The Cayman Islands does not have a prescriptive set of legal principles specifically relevant to "going private" and other acquisition transactions (unlike other jurisdictions such as, for example, Delaware).
04/24/2019
Innovative Guernsey songs fund beats £100 million fundraising target
The placing was oversubscribed in record time and attracted approximately £141.5 million.
04/24/2019
Tax information exchange updates
In addition, the department has published a revised version of the Automatic Exchange of Information Portal User Guide.
04/24/2019
Anti-FATCA lawyer rejects Europe threat to US taxpayers
Sanctions unlikely, lobbyist says
04/24/2019
JFSC sets standard for international finance centre regulation
The JFSC was awarded the top two ratings for the ten areas that were assessed.
04/24/2019
Guernsey lifts suspension on two of Neil Woodford's unquoted stocks
A smaller listing of shares in early stage investor Ombu, held largely by Woodford and his previous employer Invesco, also had its dealing suspension lifted at the same time.
04/24/2019
Economic substance – Draft BVI Code published
The ITA has announced that the final Code will be issued in early May following a brief education campaign
04/24/2019
Cayman Islands AML/CFT new regime
It is mandatory for the financial service provider to appoint a MLRO and DMLRO.
04/24/2019
Analysis: India-Hong Kong tax treaty is filled with anti-avoidance features
The India-Hong Kong treaty was subsequently ratified by the two countries in November 2018 and has become applicable in India from April 1, 2019
04/24/2019
CIMA issues 16 new insurance company licences, total number drops
The Cayman Islands remains one of the world’s leading group captive jurisdictions with 120 group captives totalling more than $3 billion in premiums from over 5,000 shareholder-insureds.