Managers of Wealth Offshore

Carey Olsen a finalist for The Drawdown Awards 2021

The awards are scheduled to take place on Thursday 23 September at the De Vere Grand Connaught Rooms in London.

Jersey Permit Investment In Lawful Cannabis Related Businesses

The effect of this amendment is to put beyond doubt the ability of Jersey based investors in, and service providers to, cannabis related businesses (CRBs) to make investments and provide services without conflicting with anti-money laundering laws.

Cayman Update: Separate Liquidation Committees for Segregated Portfolios of SPCs

The JOLs submitted that pursuant to certain case law, the Court had the power to order that separate liquidation committees be formed as long as they were compliant with the requirements of the CWR.

To exclude, or not to exclude, that is the question

Frequently the power is exercised because it is in the fiscal interests of the beneficiary, but there are occasions when it is not in the interests of that beneficiary to be excluded or against that beneficiary's wishes.

Regulations, Registration and Keepers? – A guide to Lodging houses in Jersey

Under the Lodging Houses (Registration) (Jersey) Law 1962 (the Law), the Minister for Housing regulates the amenities of Lodging House accommodation and licences its maximum occupation.

The Lawyer Offshore Top 30 2021

In the report, Shoring up a bright future, which reviews the top 30 offshore firms ranked by lawyer numbers, the publication notes Collas Crill's 'strong growth', increase in partners numbers, senior appointments and 'ramping up'

Harneys advises Taiying Group

The merger was undertaken pursuant to, and taking advantage of, the flexible merger provisions in the BVI Business Companies Act.

Walkers Advises Nayuki Holdings Limited on Its HK$5.1 Billion IPO

Nayuki Holdings Limited has become the first listed tea company in China.

Cannabis: amendments to the Proceeds of Crime Law

The cannabis sector is a "growing" market – so far, 36 US states and the district of Colombia have approved the medicinal use of marijuana and 15 of those have also approved its recreational use.

Walkers The Only Offshore Finalist For STEP International Award in Large Firm Class

The STEP Private Client Awards are the most prestigious awards for the private wealth industry, covering lawyers, accountants, bankers, family offices, trustees and financial advisers.

When can a Director of a BVI Company Appear in-person before the BVI Commercial Court?

An example of a case of necessity would be, where a director is appearing in order to seek an adjournment of a hearing where it has not been possible to instruct legal representation to represent the company.

CAYMAN ISLANDS – Fair rate of interest in section 238 proceedings to include a compounding element

The Court had then indicated that, as there was no legal basis or statutory basis for awarding compound interest, this blended rate (the Midpoint Rate) was to be applied on a simple interest basis.

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

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