Managers of Wealth Offshore

New Cayman law firm launches

New law firm

$5.2 million in payment fraud complaints in 2020, says Central Bank

“Credit card fraud represented 29.8 percent of the total cases, for a corresponding value of $1 million (19.9 percent of the total value).”

1MDB, SRC file 21 separate civil suits worth billions against banks, individuals for involvement in fraud

One of the suits also targeted fugitive businessman Low Taek Jho (Jho Low), his father Tan Sri Low Hock Peng, sister Low May Lin and accomplice Eric Tan Kim Loong from whom 1MDB is seeking a total of US$1.402 billion (RM5.76 billion).

Grand Court of the Cayman Islands strikes out a creditor's winding up petition and comments on the relationship with arbitration clauses

The Company is incorporated in the Cayman Islands as the ultimate holding company for a corporate group engaged in the education sector in the PRC.

Maples Group Launches Irish Asset Finance Offering

The new offering is a part of a long-term strategy to expand the Maples Group's market-leading Irish Asset Finance practice and follows Kinsley's secondment to the Group's Irish office where he worked alongside the Irish aviation team.

Ogier advises ad hoc group of noteholders on US$7.1 billion Valaris plc financial restructuring

The restructuring involved an equitisation of the outstanding debt liabilities, the provision of a debtor-in-possession facility by the noteholders and the issuance of new secured notes.

What to know about the May 2021 changes to the Companies (Guernsey) Law 2008

In one of the more significant changes, Sections 313 and 314 of the Law have been amended to simplify the process for approving off-market acquisitions of own shares by a company.

Tearing apart Nilon? BVI Commercial Court allows interim rectification of register of members

There are also ongoing proceedings in Russia where, it seems, Mr Sazanov needed to show that he was the shareholder of the Company by 2 March if he was to avoid an outcome that would be “extremely adverse” to him.

The Duties and Roles of Jersey and Guernsey Trustees During Divorce Proceedings

When the divorcing couple are both beneficiaries, even the most experienced Jersey or Guernsey trustee may struggle to follow a neutral line through the emotionally heightened dynamics of an acrimonious break-up.

Tearing apart Nilon? BVI Commercial Court allows interim rectification of register of members

In order to avoid this situation Mr Sazonov made an application seeking urgent rectification of the Company’s register of members to show him as shareholder.

Appleby's Hong Kong Office Continues to Act as BVI and Cayman Islands Counsel for Times China Holdings Limited

Appleby’s Hong Kong office was instructed again by Times China Holdings Limited (Times China) to act as British Virgin Islands and Cayman Islands counsel for their issuance of USD200 million 5.3% senior notes due 2022.

Partners Recognized as Leading Female Transactional Lawyers

Women Leaders are identified by IFLR1000 as the leading female transactional lawyers in the world with impressive track records, who are consistently recommended by clients and peers for the quality of their advice and service.

Cayman Islands Financial Sanctions Regime

Sanctions can include trade sanctions, travel bans, transport sanctions and financial sanctions.

Frozen in time: do limitation periods apply to claims against Cayman companies in liquidation?

The Cayman Court therefore held that the primary limitation period for the claims made in the proceedings issued by Ritchie in Cayman on 21 May 2019 had already expired five years previously in 2014, and they were time-barred.

New annual return reporting requirement for certain BVI licensees

Additionally, all approved managers - being entities licenced to act as an investment manager/ investment advisor under the Investment Business (Approved Managers) Regulations, 2012 - are now required to complete and file the AML/CTF Return.

Obtaining Evidence in Jersey or Guernsey for Use in Foreign Proceedings

Most often, this sort of application will involve a request for evidence to be taken on oath, or the production of documents in Jersey/Guernsey for use in foreign civil matters.

Appleby Asia Group Head Judy Lee is recognised in the IFLR1000 Women Leaders List 2020

Judy continues to be the only offshore lawyer in the Asia-Pacific region to be included.

All Cleared! Aviation Landscape in The Bahamas

The most recent spate of modernizations began in 2016, with the passage of the Civil Aviation Act, 2016

Guidance from the Grand Court of the Cayman Islands

Although remuneration applications made by Cayman Islands insolvency office holders are a statutory requirement and therefore commonplace in the Grand Court

BAIC Finance Investment’s $350 Million Notes Offering

The Maples team comprised partner Derrick Kan and legal manager Ray Tso.

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