Managers of Wealth Offshore

BNF Bank distances itself from former manager facing money laundering charges Business

In a statement, BNF said Buttigieg retired from the bank in 2018.

Financial Services Industry in The Bahamas Welcomes New Act

Banks in resolution must prepare and submit periodically to the Central Bank a “recovery plan” which provides for the rapid and orderly recovery of such bank

Malta involved in Italian fuel tax fraud investigation worth €1 billion

€600 million in assets seized and 23 people arrested.

Cayman Islands: the new ground zero for US hedge funds engaging in share appraisal litigation

The concomitant of an increasing number of take-privates is an increasing number of dissenter disputes concerning fair value.

Mourant successful in resisting an out of time appeal

Mourant Partner Christopher Edwards, Counsel Sandra Duerden and Associate Rowan Coffer worked on the defence.

Royal Court confirms Guernsey Financial Services Commission period

The GFSC opposed the application on the basis that the law set an appeal period of 28 days; and there was no discretion to extend that.

Collas Crill Advises Curaleaf on Acquisition of EMMAC Life Sciences Limited

The company intends to substantially increase its cultivation capacity in 2021 to facilitate anticipated growth through increased access to the use of cannabis across major European and export markets.

Swiss money laundering probe eyes Lebanon central bank chief: report

Contacted by AFP, the Swiss attorney general's office confirmed Tuesday that its aggravated money laundering probe involving Lebanon's central bank was ongoing, but refrained from further comment.

Cayman Islands: the new ground zero for US hedge funds engaging in share appraisal litigation

The rights afforded to so-called dissenting shareholders, being those shareholders who have dissented from a take-private merger or consolidation and therefore rejected the price offered to them for their shares, has in recent years been subject to consid

Lawyers remain laggards in adopting money laundering risk assessment tools

Only 57% of lawyers had a business risk assessment in place last year, placing them last in a list of sectors that includes credit institutions, gaming companies, trust services providers, notaries and accountants

Carey Olsen supports Kavak on latest funding round as it hits US$4 billion valuation

Working alongside onshore counsel Gunderson Dettmer, the Carey Olsen team advising Kavak on the Cayman law aspects of its latest financing round was led by corporate partner Alistair Russell, assisted by associate Emily Cornhill.

The war against money-laundering is being lost

The global system for financial crime is hugely expensive and largely ineffective

Professional Services: A flight to quality

o this day, it remains a leading private equity and hedge fund jurisdiction, and continues to excel globally in banking, capital markets, trusts and fiduciary services.

Collapse of Jersey-based Football Index faces new UK probe

A government source was quoted as saying that "something appears to have gone very wrong here

What do 'subject thereto' and 'share' mean in a trust instrument?

There have been two recent judgments in the Guernsey Court of Appeal on the construction of trust instruments.

In times of distress, orphans shine: a look at Cayman Islands and Irish orphan Special Purpose Vehicles

This is due to the nature of an orphan trust and the independence of its directors which provides an extra degree of comfort when making decisions on enforcing their transaction security.

DAC 6 Implemented into Cypriot Law

The AC21 Law operates as an amendment to the Law on Administrative Cooperation in the Field of Taxation 2012 and brings Cyprus up to date in the field of mandatory disclosure obligations under EU Law.

Cayman Islands releases its 2021 list of CRS reportable jurisdictions

Such agreements will either be in the form of the OECD’s Multilateral Competent Authorities Agreement or another type of exchange of information agreement.

Carey Olsen advises Emergent Capital on completion of its restructuring

Working alongside the transaction's lead legal advisers Kelley Drye & Warren LLP and Arthur Cox

Ogier advises Chinese issuer Shui Fa Group in US$200 million green bond offering

The company's green bond framework outlines the group's approach to developing a "green business" as well as financing environmentally-friendly projects.

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