Managers of Wealth Offshore

Malta seizes $1 bn in fake Libyan money

“The central bank of Libya headquartered in Tripoli is Libya’s only legitimate central bank,” the US diplomatic arm said in a statement.

BVI: Court of Appeal Rules Black Swan Wrongly Decided

The Court of Appeal also ruled that the assets of a BVI company are not to be considered the assets of its shareholders such that the company's assets may be subject to a freezing injunction.

Caribbean and Latin American IP Filings on the Rise Again Amid Covid-19

Our team at HSM IP is available to help clients find the most practical solutions to the various issues posed.

Carlos De Serpa Pimentel Recognised in Citywealth's Top 100 Trust Litigators List

Carlos has previously been recognised as a top trusts lawyer in Chambers Global, Legal 500, Who’s Who Legal, and more.

Economic Substance in the Time of COVID-19

The International Tax Co-operation (Economic Substance) Law (Revised) (the ES Law) came into force in the Cayman Islands (the Islands) on 1 January 2019.

Offshore Business Update: Appleby

The purpose of this report is to help our clients better understand what “business as usual” in our jurisdictions* actually means.

Practically Speaking: Episode four - The liquidation process for BVI companies

The on-going duties and annual reporting obligations under the economic substance regime

Luxembourg Issues Guidance On DAC6 Tax Scheme Reporting

Member states' tax authorities are also required to exchange data on tax planning arrangements on an automatic basis.

Bahamas broker to appear before SEC over illegal US operation

He illegally operated as a broker-dealer in the US by soliciting customers in the country by advertising Gibraltar’s brokerage services despite not being registered.

The use of digital contracts and electronic signatures in the British Virgin Islands

'Electronic record' is defined under the Act as information generated, sent, received or stored by electronic means including electronic data interchange, electronic mail, telegram, telex or telecopy.

Appleby Advises Standard Chartered Trust (Guernsey) Limited on the Cessation of its Business in Guernsey

The winding up application formed the final phase of the Group’s cessation of business in Guernsey, announced in July 2016, as part of Standard Chartered Bank’s (SCB) centralisation of its trust and fiduciary services offering to Singapore.

Common Reporting Standard – Compliance of Financial Institutions under Scrutiny by BVI International Tax Authority

The Act and the BVI Guidance Notes on CRS require that all BVI Financial Institutions establish

Exit from Lockdown: Practical employment implications for CI businesses

As a central part of their preparations for lifting lockdown restrictions, businesses should focus on the views and concerns of their employees and speak to their staff about the options as well as any variations to contracts and policies.

Walkers advises Aircraft Leasing & Management Limited on Aircraft Transaction

ACIA Aero owns over 50 regional aircraft and provides aircraft leasing and lease management services worldwide to both passenger and freight lessees.

An overview of the BVI’s sanctions regime

The guide sets out what sanctions are, why financial sanctions are used, who is subject to financial sanctions, and how subjects can remain compliant with any sanctions regimes that are extended to the BVI.

Carey Olsen and Aztec Group support €1.1bn Deutsche Beteiligungs Fund VIII

The Carey Olsen team, led by partner Tom Carey with support from senior associate Chris Hutley-Hurst and associate Felicity Wai, provided Guernsey legal, regulatory and tax advice to DBAG in respect of the formation, structuring and launch of Fund VIII.

Pilatus fined for failing to give information to FIAU

Bank was fined for its failure to reply to two 2017 requests for information

Carey Olsen advises on Yoo Capital's Jersey fund launch

The Carey Olsen team advising on the launch was led by partner Chris Griffin, assisted by associate Stephanie Hobbs.

ATO cracks down on foreign investment

As part of its scrutiny of cross-border tax evasion, the Tax Office said it was reviewing schemes that involve foreign companies or individuals lending to Australian businesses that were unable to secure traditional finance and that produced financing arr

Two Bedell Cristin partners included in Top 100 Trust Litigators List 2020

Andrew specialises in all aspects of international wealth structuring in the Cayman Islands and British Virgin Islands.