08/12/2014
Managing Parallel Proceedings: USA & Cayman Islands
This article highlights key issues that can arise in such cross-border proceedings and gives some practical guidance for practitioners.
Regulation, Risk & Compliance
08/12/2014
Guernsey Is Part Of The Solution For US Fund Managers
Feedback from the managers at the conference was that there is simply too much regulation in Europe
08/12/2014
Guernsey Innovations – New Offerings For The Private Wealth Sector
Its expertise in banking, trust administration, insurance services, fund services, and legal and accounting services has attracted substantial private wealth to the island.
08/11/2014
The Regulation of virtual currencies - A positive step undertaken by the EBA
The opinion represents the fruits of the EBA’s consultations with other European authorities
08/06/2014
AIFMD rules fuel offshore fund boom
According to a BNY Mellon and FTI Consulting survey of firms in Europe, only two-fifths of asset managers had received authorisation and almost a fifth did not have the required AIFMD structure in place by July 22.
08/05/2014
Regulation a key driver in Malta fund segment
The fund management and fund services sector in Malta continues to grow at a clip. Statistics published recently show that over the past three years, 80% of foreign direct investment into Malta has been in financial services.
07/31/2014
The BVI Arbitration Act: A Significant Legislative Milestone
The Act is modelled on the UNCITRAL Model Law on International Commercial Arbitration
07/22/2014
St Vincent and the Grenadines: ECCB Monetary Council Changes Chairmanship
The Monetary Council is the highest decision making authority of the ECCB and comprises the eight Ministers for Finance of the ECCB member governments.
07/20/2014
Creating and Registering Security Interests Over Assets of a BVI Business Company
Entering into security financing transactions with BVI Business Companies (BCs) is a familiar part of the global financial services landscape given the use and presences of BCs.
07/18/2014
Jamaica: Pension fund managers want more investment leeway
But it has concerns about the FSC plan to lift its 20 per cent cap on foreign securities and replace it with the "foreign assets" limits set by Bank of Jamaica, saying it can curtail foreign investments, at least in its early implementation.
07/17/2014
New software company launches KYC-FATCA product in the islands
This is the message from Blue Bison Software’s executive vice president, Chris Eaton, who was in the islands earlier this month to launch new business partnerships in Guernsey and Jersey.
07/17/2014
Business to add real economy perspective to G20 deliberations
The B20 leads engagement with the G20 on behalf of the international business community. It brings together international and domestic business groups, multinationals, regional and domestic businesses to develop practical recommendations to help guide G20
07/16/2014
St. Kitts and Nevis Citizenship Programme held captive
It was on 20 May 2014 that the United States Treasury Department Financial Crimes Enforcement Network alerted financial institutions around the world that illicit actors were abusing the economic citizenship programme of St. Kitts and Nevis.
07/15/2014
The European Alternative Investment Fund Managers Directive And Cayman Funds
The effects of the directive are already felt in Cayman to the extent that AIFMs of Cayman funds (whether EU- or non-EU based) are marketing Cayman funds in the EU or, for EU-based AIFMs, managing Cayman AIFs.
07/13/2014
Belize: SEC suspends trading in tech firm with no assets or revenues valued at $4.7bn
Shares in social network Cynk Technology, which has one employee and no working phone number, have surged 24,000pc
07/11/2014
St Kitts and Nevis:Calls For Coordinated Regulation Of Economic Citizenships
The Caricom Community calls on all member states to "co-operate and co-ordinate their regulatory systems" with respect to regional citizenship by investment programmes.
07/11/2014
Jersey approves first regulated Bitcoin fund
A regulated Bitcoin investment fund overcomes anonymity concerns about the virtual currency, says its director.
07/10/2014
Bermuda: M&A Transactions In Bermuda And The Cayman Islands
These developments have, at times, witnessed a departure from traditional regulatory models and are not without their challenges.
07/10/2014
Guernsey - Leading The Way With Unique Foundations Legislation
Guernsey has taken note of the fact that some clients may worry about confidentiality
07/10/2014
Level playing field for offshore investors
Advisers with expatriate clients, or whose clients’ investments span multiple jurisdictions, may find a more level playing field as global regulators work together more, Angelo Venardos has said.