Managers of Wealth Offshore

Amendments to Guernsey's Banking Deposit Compensation Scheme

Update prepared by Helen Wyatt (Partner, Guernsey) and Annaliese McGeoch (Associate, Guernsey)

The Remote Trustee

Trust Governance Navigating the Global COVID-19 Pandemic

Rise in venture capital backed tech in response to pandemic

The funds team at Ogier acts for a number of high profile VC managers and has significant experience in guiding managers through the establishment and regulation of highly successful VC funds.

Walkers Acts on US$2 Billion Sterling Group Fund V

The firm emphasizes its operational approach in partnership with management teams to grow and improve its portfolio companies.

Jersey Private Funds

The JFSC had previously applied a similar proportionate and light-touch approach to very private structures

New partner for Carey Olsen in Jersey

Carey Olsen has promoted corporate lawyer David Taylor to the partnership, with effect from 1 July 2020.

CILPA has no authority to fine, claim lawyers

CILPA was created after the Law Society merged with the Cayman Bar Association.

Mourant advises Ardian on world's largest secondaries platform

The fund attracted 275 investors from nearly 40 countries across the Americas, Europe, Asia, and the Middle East

The effect of the 5th Anti-Money Laundering Directive on the luxury sector

The European Commission (EC) has noted that a globally interconnected financial system has contributed to the ability of criminals, money launderers and terrorists to hide and move funds around the world.

A Decisive Tax Defeat for the Multinationals?

Altera, owned by Intel, just lost a major case on corporate offshore tax evasion.

Covid-19 in the Courts

The Court recognised the severe impact of COVID-19 and was sympathetic to the challenges faced by companies at this time.

Walkers Advises Affinity Private Wealth Limited on Pinnacle Trustees Limited Acquisition

Walkers was lead adviser to Affinity on all Jersey law aspects of corporate, banking, regulatory and employment matters.

Hearing reveals Cayman’s ‘broken’ pension system

Government’s recent decision to allow savers the early withdrawal of a portion of their pension funds has also increased public awareness of pensions.

O’Neal Webster Acts for Scotiabank on the Sale of its BVI Operations

BVI-based Managing Associate Jenelle Archer (property and business), assisted in the property aspects of the deal.

Offshore Business Update: Bermuda

Bermuda has begun to gradually re-open the Island.

Dominica Expands Definition of Dependant Under Its Citizenship by Investment Programme

The new rules qualify children aged 16 to 30, parents and grandparents of the main applicant or their spouse for citizenship

ILS Needs a Buoyant Secondary Market to Thrive - But Electronic Platforms must come first.

The answer to that is to use electronic platforms, but people are reluctant to be the first mover, they are waiting for others to move first.”

Carey Olsen advises on sale of Lloyds Bank International's Channel Islands wealth management and funds business

The business has total funds under management of £1.0 billion (as of 31 May 2020). T

Ogier advises Urban Logistics on seven-site Crown Portfolio purchase

The transaction, effected through the acquisition of a Jersey property unit trust, involved a number of law firms across Jersey, England and Scotland, with Ogier working closely with Urban Logistics' onshore counsel, Wedlake Bell.

Offshore private fund laws and family office structures

Offshore holding companies forming part of a private wealth structure have typically been unregulated.

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