Managers of Wealth Offshore

Doctrine of mistake and rule in Hastings-Bass

The Court also made plain that it is no part of its function to take steps to improve the taxation position of the applicant.

BVI Reporting FIs – Have you got your AEOI policies and procedures in place?

The notice notes "failure to comply with the request is an offence and is liable on conviction to a fine not exceeding one hundred thousand dollars (US$100,000.00).

Financing and Money Services (Amendment) Act 2020 is brought into force

By way of legal update, on 30 April 2020, the Minister published a notice in the Gazette bringing the Amendment into force as of 4 May 2020.

Appleby Advises on New Recovery Fund Foundation

Appleby acted as Cayman attorneys advising in relation to the establishment of the foundation.

Conyers Wins Offshore Law Firm of the Year and Two Deal Awards at 2020 IFLR Asia-Pacific Awards

These recognitions are encouraging and prove our capability to tackle the most complex and challenging legal matters.

New allegations against Juan Carlos

As part of the administrative assistance, the latter sent its findings about Juan Carlos' secret account to the Spanish national court, which is investigating suspected money laundering, tax evasion and corruption.

Focus on Injunctions in the light of Paraskevaides - Full and frank disclosure in the BVI

These issues are important for litigants in the BVI because urgent ex parte injunctions are often needed – or said to be needed – at the outset of the international disputes that comprise the BVI Commercial Court's workload.

Bermuda’s approach to defective trustee appointments

Hargun CJ recognised that granting the orders sought would not ratify the plaintiff’s actions as de facto trustee

The 2020 Cayman Islands Real Estate Guide

First published by Chambers Global Practice Guide: Real Estate, Cayman Islands.

Mauritius Minister of Finance, Economic Planning and Development issues regulations under the Mauritius Companies Act 2001 and the Insolvency Act 2009

The passing of regulations of the nature outlined above by the Government of Mauritius

Carey Olsen advises on ITI Digital's digital assets joint venture

Backing ITI Digital is ITI Group Limited, a Guernsey company owned by Da Vinci Capital, a fintech focused venture capital fund.

Telework becomes compulsory in Monaco

Telework is also highly recommended and therefore facilitated as long as this health crisis lasts.

COVID-19-related Money Laundering and Terrorist Financing Risks and Policy Responses

The COVID-19 pandemic is also impacting government and private sectors’ abilities to implement anti-money laundering and counter terrorist financing (AML/CFT) obligations

Central Bank of Ireland Highlights Key Investment Funds Issues for Current Market Uncertainty

The letter refers to the regulatory flexibility already provided in terms of reporting and that the Central Bank has clarified that it will apply the measures set out by ESMA in recent weeks.

Lasting Powers Of Attorney Set To Be Introduced In The Bailiwick

This new law, once introduced, will be a welcome addition to many.

Bermuda Economic Substance Declaration – E-Filing Portal Opens

Conyers has been closely involved with the implementation of Bermuda’s economic substance legislation as well as the ESD Portal.

Bermuda Launches Economic Substance Declaration Portal

The ROC is offering a webinar to provide training on how to use the ESD portal.

The improper dilution of shareholders’ rights – the latest instalment in the Tianrui v China Shansui dispute

This issue has long exercised judicial and academic minds in England and other jurisdictions, with widespread disagreement.

Ogier advises Wizz Air on financing facility

The Ogier team advised on the Jersey aspects of the application to be an eligible issuer under the Bank of England's corporate financing facility which has strengthened the businesses cash flow through the sale of short term debt in the form of comme

Double-edged ruling for offshore banks

The group’s federal director Aaron Wudrick told Canada’s National Post newspaper: “This decision should concern anyone worried about corporations exploiting tax loopholes to offshore money and avoid paying taxes in Canada.”

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