Managers of Wealth Offshore

GUERNSEY: Update on sanctions following Brexit

Guernsey shifted from following the EU’s framework to the UK in this area, which has led to additional changes and simplification to the local regulations.

Mourant advises on significant redomiciliation Scheme of Arrangement

Prior to the Scheme, the shares of EMC were listed solely on the TSX. The new listing will reportedly see Endeavour become the largest pure gold producer on the premium segment of the LSE.

Jersey Advocate launches a new and next generation family law firm

With the average divorce costing tens of thousands of pounds and trends showing a significant increase in the number of enquiries throughout the pandemic, Carly, who is listed as a Legal 500 recommended lawyer, identified a gap in the market.

Collas Crill Explains… Payment of Dividends and Distributions by a Guernsey Company

The 'maintenance of capital' rule is significantly relaxed in Guernsey, allowing for dividends and distributions to be paid from a far wider range of sources.

Understanding Economic Substance in the Cayman Islands and BVI

The intended activity, or activities, and the structure of the company should be reviewed against the substance legislation to ensure that the location of incorporation is viable for the vision of the entity.

Solvency Statements Under Companies (Jersey) Law 1991-is it Time to go Paperless?

The Law imposes a requirement for directors to form a conclusion as to the solvency of a company as a prerequisite to a number of corporate actions including the repurchase of its own shares, a reduction of capital and the continuance of a Jersey company

Cains becomes TISE Member

Built on a culture of responsiveness and innovation, TISE is a regulated marketplace for listing a wide range of bond and equity products

Ogier advises on Tullow Oil's US$2.38 billion refinancing

The company will use the proceeds to finance the repayment of loans and bonds

Block.one pays US$27.5 million to settle class-action lawsuit

They argued that token investors did not receive any of the profits from these investments, which instead went to Block.one’s executives and equity owners.

Case Provides Clarity - Reflective Loss forms part of Guernsey Law

During its years as sole trustee of the Trust, the Defendant provided corporate services, including directors, to the underlying companies within the joint venture structure.

Andersen Global Extends Coverage With Law Firm in Antigua and Barbuda

The firm’s capabilities include intellectual property, civil litigation, company formation and business set up, commercial law, banking and real estate.

TISE welcomes Irish business law firm

The TISE proposition has a number of important differentiators from the other exchanges we work with. We are sure it will be a very attractive listing venue for our clients.

IBOR rates changes: important considerations for Trustees and Directors

This is a part of a series of practical vlogs in which we will examine areas of law and practice that frequently arise for our clients.

Walkers’ Jersey team advises on major polymetal financing

The purpose of the loan was for corporate purposes, including in particular, for the implementation of a programme for the reduction of greenhouse gas emission intensity.

Guernsey Cyber Security Rules and Guidance

The accompanying guidance (the Guidance) provides the boards of Licensees (the Board) with examples of how a Licensee may satisfy the requirements laid out in the Cyber Security Rules.

New body created to tackle financial crime in Guernsey

The creation of the EFCB was an opportunity identified by the Committee to strengthen Guernsey's approach to tackling financial crime, and deal with the threats and risks faced by Guernsey as an international financial centre.

Mourant helps keep Accessorize open

This was particularly pleasing as the deal was completed following the second of two island lockdowns which saw all non-essential retailers forced to close for a number of weeks.

Walkers succeeds in Privy Council

The Board emphasized the need for an appellate court to exercise great caution before interfering with factual and evaluative decisions made by a trial judge and the judgment serves as a reminder to appellate courts not to interfere with findings of fact

Financing considerations for take-private transactions in the Cayman Islands

Different considerations apply to the financing of transactions affected by each different method.

BVI Court of Appeal clarifies key principles for recoverability of costs

The Court of Appeal affirmed the principles set down in what is now a series of judgments interpreting various aspects of the LPA