10/06/2020
The rise of foundations in the UAE
A foundation is an independent legal entity and is derived from civil law jurisdictions, as opposed to a trust which is a common law concept. It also has no members or shareholders, but is self-owned.
Legal
10/05/2020
Leaked files show Russian oligarch under investigation for money laundering is linked to major Tory donor
Now leaked FinCEN files, based on banks’ “suspicious activity reports”, reveal that in 2016 Definition Services gave Chernukhin’s husband Vladimir £6.1m.
10/04/2020
Ogier in Jersey ranked top tier across all core service lines in new directories
The Banking and Finance team is praised in the Legal 500
10/02/2020
Cayman court approves first court-to-court communications protocol in cross-border restructuring
The decision demonstrates the willingness of the Cayman courts to co-operate and assist other jurisdictions in cross-border insolvency proceedings and outlines the jurisdictional basis on which such orders can be made.
10/02/2020
Collas Crill Jumps up the Legal 500 UK Rankings
Collas Crill's commercial property teams in both jurisdictions have retained their listing in Tier 1, reflecting a long history of the property teams operating at this level across the Channel Islands as a premier property practice.
10/02/2020
Collas Crill Explains… Voluntary Striking-off of a Guernsey Company
This guide looks at the key things you need to know about voluntarily striking off a Guernsey company.
10/02/2020
Presumptive approach to the determination of fair value rejected by the Grand Court in Qihoo
The Court held it would be inappropriate to make legal presumptions relating to the valuation methodology to be adopted by the Court, without proper regard to the factual matrix
10/02/2020
Cayman Voluntary Liquidations 2020
In order to prevent the expense of annual 2021 government registration fees, an appointed liquidator will be required to hold the final general meeting for a company or file the final dissolution notice for an exempted limited partnership on or before 29
10/02/2020
Walkers Acts on US$250 Million ACON S2 IPO
The Walkers team was led by Cayman Islands partner Bicrom Das
10/02/2020
Carey Olsen makes offshore shortlist at HFM Asia Services Awards 2020
The offshore category is one of 28 awards to be announced on the night
10/01/2020
Enacted Laws Strengthen Cayman's Financial Services Regime
The Tax Information Authority (Amendment) Law, 2020 strengthens the compliance, enforcement and cooperation functions of Cayman's Tax Information Authority, which is the Islands' competent authority in these matters.
10/01/2020
Illicit money stashed in foreign safe havens
Indians feared Swiss banks may share their data with the Indian government.
10/01/2020
Does dirty money need banking secrecy to thrive?
Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world.
10/01/2020
Mourant is the first law firm to aim for ESI accreditation
With offices in BVI, Cayman Islands, Guernsey, Hong Kong, Jersey and London, we recognise the different challenges facing businesses wanting to improve their environmental footprint.
10/01/2020
Legal 500 confirms Carey Olsen as top offshore law firm in the Channel Islands
Carey Olsen continues to lead all offshore law firms in the Channel Islands after gaining 18 top-tier rankings in the latest edition of Legal 500 UK – six more than its nearest competitor.
10/01/2020
Communication is Key: Cayman Islands Court Approves Direct Court-to-Court Protocol in LATAM Airlines Restructuring
This decision also serves as useful reminder of the Court's practice regarding its cooperation with foreign courts.
09/30/2020
Nib Manager Denies Fraud Charges
The prosecution alleged the group conspired to commit fraud by false pretences sometime between June 23 and July 14 of this year.
09/30/2020
Carey Olsen advises committee of lenders in relation to FatFace restructuring
As part of the transaction, ownership of the FatFace group has transitioned to the group's lenders who were represented by Carey Olsen in Jersey.
09/29/2020
Malta police arrest former PM's chief of staff in golden passports scandal
Malta police arrested Keith Schembri, who was the chief of staff of former Prime Minister Joseph Muscat, early on Tuesday as part of an investigation into money laundering of funds derived from kickbacks on sales of Maltese passports.
09/29/2020
Panama Papers accountant gets three years
He helped US clients evade taxes and worked with lawyers at Mossack Fonseca