Managers of Wealth Offshore

Ponzi and Pyramid Schemes Spread Across Caribbean

The pair, who are awaiting trial, faces around 80 counts of conspiring to obtain money under false pretenses, according to prosecutors.

Pursuing a claim beyond the corporate grave

A problem that often arises in offshore practice is the need to take action against, or in the name of, a company that has been struck off or dissolved.

Channel Islands employment law update - March 2021

The Jersey Tribunal found that it could not intervene in a failure to claim under the co-funding scheme; it had to consider the terms of the contract and whether there had been a breach of contract by the employer.

Appleby Advises on Recommended Cash Acquisition of RDI REIT P.L.C.

The acquisition, which is proposed to be implemented by means of an Isle of Man law-governed scheme of arrangement, values the entire issued and to be issued share capital of RDI REIT at approximately £467.9 million on a fully-diluted basis.

Common law recognition of foreign insolvency proceedings survives in the BVI, and assistance is statutory

The Court ordered the Trustee in bankruptcy to take steps in the BVI to register himself as shareholder of Net International in accordance with the company’s articles.

Parliament agrees modest tightening of anti-money laundering law

Swiss lawmakers have agreed to revise the money laundering law but have rejected new rules for lawyers, notaries and other consultants.

John Han, Merrick Watson and Timothy de Swardt Unpack Their “Groundbreaking” BVI Judgment in Global Restructuring Review

This order is significant because BVI courts have been reluctant to grant committal orders, much less against personal judgment debtors outside the BVI.

Mourant makes global commitment to environmental sustainability

The Environmental Business Operations Award and Standard is an international benchmark and serves as an environmental management system to measure, manage and minimise an organisation's environmental impact.

Bedell Cristin advises Ocorian on acquisition of Platinum Compliance

The purchase, which builds on Ocorian's acquisition of Newgate Compliance in December, enables the firm to able to provide end-to-end administration services and compliance and regulatory services in Guernsey.

Appleby advises in issuance of USD 500,000,000 3.975% subordinated perpetual securities by Mauritius-based Network i2i Limited,

The Perpetual Securities were listed on the Singapore Exchange Securities Trading Limited on 3 March 2021.

Ogier assists £300 million Hillview Real Estate fund with acquisition

Individual investments are expected to range between £10 million and £25 million and provide significant scope for value enhancement through active asset management, including repositioning of properties and restructuring of leases.

Ogier's BVI in Europe team advises on Fix Price's US$2 billion IPO

The listing values Fix Price at US$8.3 billion, making it the largest ever listing for a Russian retailer and also the biggest Russian IPO for more than a decade.

The first Cayman company initial public offering and primary listing on the Mainboard of the SGX-ST in more than four years

The offering comprised a placement tranche of 18,696,000 shares and a public tranche of 3,000,000 shares, both of which were oversubscribed. The shares were offered at S$0.66 per share.

Secret guilty plea revealed in US Panama Papers criminal probe

Joachim Alexander von der Goltz repaid the U.S. government more than $230,000 after admitting to financial crimes revealed by the ICIJ investigation.

Ogier launches Talent4Impact fellowship for next generation of ESG professionals

This is a really unique opportunity to gain exposure to the ESG and Impact at specially selected local businesses and organisations striving to transition Hong Kong to a sustainable economy.

Fiduciary Duties Owed by the "Ultimate Boss" In De Jure Directorship Roles

This case is a good lesson for directors who are contemplating a retirement from their positions.

UBS heads into record 4.5 bln euro French tax case appeal

The bank has denied any wrongdoing. It has so far set aside a tenth of that amount, or 450 million euros, to cover the penalties.

Property History made in Sark

Though the Law has been in force since 1 February, due to Covid 19 and the ensuing lockdown in Sark, the first-of-its-kind conveyance was presented and registered just over a month later when the Court of the Seneschal of Sark was able to reopen for proce

A new kind of trust asset? Welcome to the world of NFTs and digital collectables

These new “digital collectables” are known as Non-Fungible Tokens or NFTs and are a form of digital asset piquing the interest of more than just a few high net worth investors across the globe.

Privy Council Emphasizes the Primary Role of the Trial Judge as the Decision-Maker in Shareholders’ Disputes – the Scope for Appellate Intervention is Limited.

The criticisms against undue appellate activism reinforce that discretionary decisions of trial judges in shareholders disputes will likely be endorsed or upheld in the end

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