Managers of Wealth Offshore

Cayman Islands Voluntary Liquidations 2021

For a Cayman Islands company to be dissolved by 31 December 2021, its voluntary liquidation will need to have commenced before 30 August 2021.

Ogier advises SPAC Coliseum Acquisition Corp on US$150 million IPO

Each unit issued in the offering consists of one Class A ordinary share and one-third of one redeemable warrant.

Cannabis investments get the green light in Jersey

Pre-pandemic, the global cannabis market was booming

Harneys advises XPeng Inc and Chaoju Eye Care Holdings

It is the first dual-primarily listed company in Hong Kong with a weighted voting rights structure.

Economic Substance: Bermuda Expands Regime to Include all Partnerships

The Economic Substance Amendment Act 2021, which became operative on 30 June 2021, has expanded the scope of the Bermuda economic substance regime to now include all partnerships.

Carey Olsen supports Ventiga on acquisition and merger of Airpas and FuelPlus

They annually manage more than US$76 billion of flight charges and over 28% of commercial jet fuel consumption.

Illegality as a defence under Cayman Islands, British Virgin Islands, and Bermuda law: a comparison with English law and Hong Kong law

The application of the ‘illegality’ doctrine is not straightforward, however, and it requires careful consideration in every case, not least in cross-jurisdictional cases where different governing laws might potentially apply to the issue.

Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes

The revisions reflect the further transposition of 5MLD and bring the Guidelines in line with current CBI expectations in relation to designated persons' ("firms") existing obligations under the Criminal Justice (Money Laundering and Terror

Appleby acts as Cayman Counsel on Gobi Acquisition Corp.'s $250M SPAC IPO

Gobi Acquisition Corp. is sponsored by an affiliate of PAG, one of Asia’s largest private investment management groups with approximately $40 billion of assets under management as of 31 December 2020.

Maples Group's Global Asset Finance Team Recognised on 10 Aviation Finance Deals of the Year

Impressively, the team's role in advising on United Airlines' US$6.8 billion financing plan1 was listed on the most coveted award, the Overall Deal of the Year (global), by both publications.

Carey Olsen supports Nordic Capital on first mid-market Evolution Fund

Carey Olsen's investment funds team has advised European private equity firm Nordic Capital on the €1.2 billion final closing of its first Evolution Fund.

FinCEN’s First-Ever National AML/CFT Priorities Provide Insights Into Key Threats

Under the AMLA, examiners will be required to evaluate whether financial institutions appropriately incorporate the Priorities into their risk assessments and overall AML/CFT compliance programs.

Ogier advises Cain International

Its remaining capital will be used to target opportunities in the residential sector in markets where Cain has an established investment track record.

Collas Crill Advises Team Plc On Successful Acquisition Of JCAP Limited

The deal represents a significant increase in the revenues of the group, adding over £1.3 billion in assets under advice.

Walkers Advises bolttech

The investment round is the largest series A round for an insurtech and values bolttech at more than US$1 billion, giving bolttech the insurtech unicorn status only one year after its launch in 2020.

Legal Business: Annual Review of the top ten Offshore Law Firms

The traditional areas of corporate, funds and our deep insolvency practice continue to thrive.

Carey Olsen advises Clarion Partners Europe on €882 million sale of logistics portfolio

The transaction is one of the largest European real estate deals this year.

"They Stand and Fall Together" - Privity of Interests in Recognition of Foreign Judgments

The English court ordered Mr Pugachev and Miharo to effect the transfer of the shares in Lenux to the claimants but they failed to do so.

Changes to the BVI's AML regime

The new AML/CFT/CPF legislative framework is being brought in as part of the extensive preparations for the jurisdiction's onsite Fourth Round Mutual Evaluation assessment by the Caribbean Financial Action Task Force (CFTAF) in July 2022.

Appleby team helps restore Warwick Pond's native Bermudian Ecosystem

The firm also made a $5,000 donation to assist in the Bermuda National Trust’s ongoing work to preserve Bermuda’s natural heritage.