Managers of Wealth Offshore

Billionaire Robert Smith, Denver native and richest Black American, reportedly under criminal tax investigation

Smith, an East High School graduate, may have ducked taxes on $200 million in assets, according to Bloomberg report

Intertrust Group announces creation of Intertrust Law

Intertrust Law will be a Cayman Islands general partnership led by Managing Partner Ian Gobin and operated and managed independently from Intertrust Group.

Fiduciary arrangements and trust in Luxembourg: new obligations for local and foreign trustees

All fiduciaries of fiducies and trustees of express trusts administered in the Grand Duchy of Luxembourg need to set up an internal file on their beneficial owners.

Cayman Grand Court departs from Hong Kong Court in dismissing Winding-Up Petition

The Cayman Court adjourned the hearing of the Cayman petition pending judgment of the Hong Kong Court, so as to avoid conflicting judgments (noting that comity and cooperation are particularly important in cross-border insolvency).

Liechtenstein proceeds with investigation against fugitive Russian banker

MEP from Latvia Tatyana Zdanoka sent an official letter to the UK Home Secretary Priti Patel asking her to pay attention to the intentions of Bedzhamov, who is persistently seeking asylum in the UK.

Local jobseekers ‘not suitable’

Like other readers, Ebanks complained about the time and effort to get someone from WORC to help him and respond to his concerns.

Partner suspended over multiple money laundering failures

The SRA launched a forensic investigation in January the following year, reviewing eight property purchases handled by Ms Levinzon, two sales and one transfer of company shares.

Offshore Trusts – Options for HNWIs

As British Overseas Territories, the islands’ legal systems are based on that of England, with final appeal to the Privy Council of the House of Lords in the UK.

There’s no place to wind-up like home

The judge opined that this approach is consistent with principle.

Commercial Partner, Christel Sands-Feaste, featured in Opalesque Roundtable (2020)

Christel shares her insight as to the jurisdiction’s current status post Dorian, discusses the work that has been done to refine the substance legislation and advises regarding the potential growth for The Bahamas moving forward

Provisional Liquidation – A Neglected Tool in the Bahamian Insolvency Toolbox

Bahamian companies in financial distress and their directors would do well to avail themselves of this far too neglected insolvency tool.

Cayman Islands Court of Appeal enforces foreign arbitral award in favour of Brazilian airline

The Court of Appeal has now held that the award debtors and respondents to the appeal are estopped from challenging enforcement of the award by virtue of Brazilian court decisions, in which the various challenges had already been raised and dismissed.

Cayman costs ruling a word of warning to "friendly creditors"

The petitioner argued that as the debt was not disputed when the petition was brought, and has since been paid, it was successful and the usual costs order should follow.

Harneys associate named Director of Women’s Offshore Network in the British Virgin Islands Sarah Bolt Sarah Bolt Sarah Bolt

She was appointed Director of WON at the organisation’s AGM on 23 July 2020

Legal