Managers of Wealth Offshore

Trusts and insolvency - a guide

To determine whether a trust is or is not insolvent, the cash-flow test applies, namely the inability of the trustee to meet its debts as trustee as they fall due out of the trust property.

The Bahamas: Trustees Pursuing Protection in Uncertain Times

Many countries have, for instance, imposed severe restrictions in pursuance of a constitutional state of emergency and in the exercise of sovereign power

Cayman Islands Funds Update: Q1 2020

Following instructions received from the Cayman Islands Government regarding the ongoing threat from the COVID-19 pandemic, all Cayman government agencies, including ROC and CIMA, have implemented their business continuity plans and secured and fully test

Appleby Bermuda Acted as Counsel to Matterhorn RE

Appleby advised Matterhorn Re Ltd. on all four matters.

Governance amidst disruption - a run on the fund?

“These days everyone has the same data regarding the present and the same ignorance regarding the future

In the Matter of the E Trust

The beneficiaries of the Trust are described in the Deed as the Discretionary Class, consisting of the Settlor/primary beneficiary, her now deceased husband and the RL.

Restructuring and Corporate Recovery measures in Guernsey

Financial services firms are working remotely and there has been no business interruption, with the island's internet infrastructure seemingly able to cope with the different way of working.

Appleby advises STX Entertainment on merger

The merger-of-equals transaction, which is subject to regulatory approvals and closing conditions and is expected to close in the second calendar quarter of 2020, will create a pre-eminent global media company with unique resources and capability to devel

Insolvency Disputes: The Effect of Failing to Challenge a Statutory Demand

Before turning to the decision in Walton, it is helpful to note the key authorities that are relevant to this issue.

Annual General Meetings and Social Distancing Restrictions in Asia

Various countries around the world have imposed social distancing restrictions in order to prevent the spread of the COVID-19 epidemic.

Employers In Crisis: What Are Your Options?

This note sets out a few practical options for you to consider, outlining the position as at 16 April 2020.

Changes to Pensions Law to be made this week

This will not be restricted to unemployed persons.

Unexplained Wealth Orders discharged by English High Court

Update prepared by Christopher Edwards (Partner, Guernsey) and Jeremy Bell-Connell (Associate, Guernsey)

Not long for this world: Estate and succession planning in the Cayman Islands

Discussing incapacitation and death is not run-of-the-mill dinner table conversation.

New book! ‘Guernsey Trust Law’ by Tony Pursall and Matthew Guthrie

Where there is no clear Guernsey authority on a particular point of law it gives a reasoned view, drawing on relevant legal principles, together with a broad assessment of the confidence of which the authors hold that view.

Collas Crill Guidng You Through... Getting a Foreign Insolvency Officeholder Recognised in Jersey

The capacity and power of a foreign officeholder will be derived from the laws of the jurisdiction of the foreign officeholder's appointment

Conyers represents Carnival in the completion of its US$6 billion financing in the face of COVID-19 challenges

It closed on 8 April 2020, having been completed in a tight timeframe and with most involved working remotely.

Restructuring and Corporate Recovery measures in BVI – April 2020

Financial services firms are working remotely and there has been no interruption to business continuity for the sector.

Court of Appeal finds trustees not entitled to withhold certain privileged documents in response to subject access request from beneficiaries of Bahamian trust

Joint interest privilege is sometimes referred to as “joint privilege”, and that is the terminology used in the court’s judgment in the present case (though the court also recognises the use of the alternative term “joint interest

Restructuring and Corporate Recovery measures in Cayman – April 2020

The financial services sector has adapted well to the new restrictions and continues to operate effectively through the use of electronic filing and payment systems.

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