Managers of Wealth Offshore

Appleby Offshore Business Update Issue 8

As a global firm, at Appleby we believe we have a fundamental responsibility to do whatever we can to help our clients – and the business community at large

Appleby Hong Kong Partner Fiona Chan and Counsel Vincent Chan are named in the Asian Legal Business Offshore Client Choice List 2020

The recognition marked the culmination of extensive research conducted by ALB which involved collating hundreds of questionnaires in their annual client survey with leading in-house counsel, lawyers in the onshore space and referees from financial institu

Harneys Cyprus advises on US$20 million transaction

The Harneys team acted as Cyprus counsel and was led by Senior Associates Valentina Hadjisoteriou and Sonia Hamshaw, and Associate Marissa Christodoulidou.

Covid-19: Deadlines for Jersey public company accounts and auditor’s report (audited accounts)

f your company cannot meet the deadline for filing your audited accounts, you can apply for an extension.

Harneys advises on BVI aspects of Thoma Bravo’s acquisition of Command Alkon from Quilvest

The deal was originally announced 31 March 2020 and the closing was announced on 23 April 2020.

The Cayman Islands Court of Appeal Relieves the Tension between Arbitration Clauses and the Just and Equitable Winding Up Jurisdiction

As such, it is not appropriate for a just and equitable winding up petition to be stayed in favour of arbitration.

Crossing borders in Guernsey: new insolvency reforms

Guernsey can be regarded as an "start/end of the line" jurisdiction in insolvency terms.

EU starts legal actions against Luxembourg over money laundering, tax avoidance

EU legal actions could lead to fines if member states do not apply common legislation.

Collas Crill Advises on Premier Inn Development

The Collas Crill team in Guernsey was led by banking partner Sean Cheong and head of Property Jason Green.

Carey Olsen supports Polygon with serviced office venture in Guernsey

The investments represent a positive sign for the Guernsey real estate market, which has adjusted well to the current coronavirus (COVID-19) restrictions and is endeavouring to carry on with business as usual.

HSM to buy Higgs & Johnson’s Cayman business

“As part of this analysis, Higgs & Johnson, which is headquartered in The Bahamas, has made the difficult decision to divest itself of its business operations in the Cayman Islands,” the law firm and corporate service provider said in a s

Walkers (Bermuda) Limited acts on GAN Limited's Nasdaq IPO

Walkers was led by partners Natalie Neto and Jonathan Betts with senior associate Rachel Nightingale completing the team.

Minor But Important Changes to the Document Duty (Guernsey) Law 2017

Under the current regime, a conveyance by a limited company to its beneficial owner(s) is exempt from duty.

CRA claiming $4.4B from Canadian companies and individuals suspected of tax evasion

The $4.4 billion is far from won for Canada’s tax agency. Tax evasion cases often lead to notoriously long and difficult court fights for the CRA

Hong Kong New Limited Partnership Fund Regime

It will cater for the operational needs of investment funds with elements of investor protection built in

Jersey Royal Court imposes substantial fine for inadequate AML policies and procedures

As the Court noted, the Jersey branch "was not, therefore, in terms of its size, a substantial operation".

Jersey Limited Liability Companies – Further Groundwork Laid Ahead Of Launch

The introduction of this product into the Jersey legislative framework will enable Jersey to diversify from its current markets

Creation of security by a BVI company

The BVI Business Companies Act 2004 (the Act) gives a company the power (subject to its memorandum and articles of association) to create security over its assets to secure an obligation owed by it or another person.

Economic substance in the Cayman Islands

The Substance Law also reflects Cayman's commitment as a member of the OECD's Inclusive Framework on Base Erosion and Profit Shifting (BEPS) and, in particular, BEPS Action 51 .

Leading the way with first European listing for ADGM funds industry

Paul Wilkes, Director of Collas Crill Listings Limited, said: 'We are delighted to have been able to help bring this fund to TISE.