05/14/2020
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.
Legal
05/14/2020
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.
05/13/2020
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
05/13/2020
Hong Kong New Limited Partnership Fund Regime
It will cater for the operational needs of investment funds with elements of investor protection built in
05/13/2020
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".
05/13/2020
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
05/13/2020
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.
05/13/2020
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 .
05/12/2020
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.
05/12/2020
Insolvent Trading & Voidable Transactions – BVI Companies
A director can be personally liable if such director fails to take appropriate steps to commence formal liquidation where there is no reasonable prospect of the company avoiding insolvent liquidation.
05/12/2020
BVI AEOI Reporting Deadlines Extended
Where Trident Trust provides director and/or trustee services to the financial institution (FI), we will handle the necessary FATCA and/or CRS enrolment and filing.
05/12/2020
Insolvent Trading – British Virgin Islands Companies
A director may be held personally liable if, on the application of a liquidator, a court decides that the director knew or ought to have concluded prior to commencing formal liquidation that there was no reasonable prospect that the company would avoid go
05/12/2020
MFSA's new anti-money laundering team probes 25 fresh cases
Of 105 cases opened last year, 25 related to money laundering
05/12/2020
Launch of the Inaugural Appleby China Roadshow
The roadshow will be hosted via a series of webinars throughout June delivered in Mandarin.
05/10/2020
Appleby Mauritius Advises and Protects the Interests of Minority Shareholder Amidst Shareholder Dispute
Appleby Mauritius advised the Applicant, a minority shareholder which holds stakes in a joint venture company, invested in the transportation of crude oil and other oil products in Africa.
05/08/2020
Ogier associates admitted as attorneys at law in Cayman Islands
Both Samantha and Kayla joined Ogier's Articled Clerkship programme, which aims to foster, support and develop local talent in the Cayman Islands, in September 2018. Kayla had previously been a summer intern at the firm.
05/08/2020
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.
05/08/2020
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).
05/08/2020
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.
05/07/2020
Appleby Advises on New Recovery Fund Foundation
Appleby acted as Cayman attorneys advising in relation to the establishment of the foundation.