07/02/2020
The New Cayman Islands Private Funds Law- Why Optionality is More Important than Ever
The Law enforces that all closed-ended Cayman fund vehicles are required to register with the Cayman Islands Monetary Authority (CIMA) by 7 August 2020.
Legal
07/02/2020
Technology in legal transactions
The times we find ourselves living in are presenting us with challenges in all walks of life.
07/02/2020
Ireland and Luxembourg: Extension of Reporting Deadlines for DAC6, FATCA and CRS
Ireland and Luxembourg have both announced a six month deferral of the first reporting date under DAC6, the new EU Mandatory Disclosure Regime for certain cross border transactions which carry defined tax hallmarks.
07/01/2020
No automatic redemptions in a masterfeeder structure
Update prepared by Simon Dickson (Partner, Cayman Islands) and Jaclyn Pascoe (Knowledge Management, Cayman Islands)
07/01/2020
Amendments to Guernsey's Banking Deposit Compensation Scheme
Update prepared by Helen Wyatt (Partner, Guernsey) and Annaliese McGeoch (Associate, Guernsey)
07/01/2020
The Remote Trustee
Trust Governance Navigating the Global COVID-19 Pandemic
07/01/2020
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.
07/01/2020
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.
07/01/2020
Jersey Private Funds
The JFSC had previously applied a similar proportionate and light-touch approach to very private structures
07/01/2020
New partner for Carey Olsen in Jersey
Carey Olsen has promoted corporate lawyer David Taylor to the partnership, with effect from 1 July 2020.
07/01/2020
CILPA has no authority to fine, claim lawyers
CILPA was created after the Law Society merged with the Cayman Bar Association.
06/30/2020
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
06/30/2020
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.
06/30/2020
A Decisive Tax Defeat for the Multinationals?
Altera, owned by Intel, just lost a major case on corporate offshore tax evasion.
06/30/2020
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.
06/29/2020
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.
06/29/2020
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.
06/28/2020
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.
06/28/2020
Offshore Business Update: Bermuda
Bermuda has begun to gradually re-open the Island.
06/26/2020
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