Managers of Wealth Offshore

Judicial comity between Courts in the Cayman Islands and in Hong Kong

Justice Parker’s judgment was circulated in draft on 11 March 2020.

Mourant advises CVC Capital Partners on fifth Asia Pacific Fund with commitments of US$4.5 billion

CVC Capital Partners is a longstanding client of the firm and Mourant has advised on each of CVC Capital Partners' previous Asia focused fundraisings.

Free-standing Freezing Orders in the British Virgin Islands: service out on non-submitting foreign defendants

It remains to be seen whether this Court of Appeal decision will now trigger legislative change

Appleby Bermuda Assists Credit Suisse with USD461 Million Operational Re Cat Bond Coverage

Appleby has assisted with a third catastrophe bond issuance offering Credit Suisse protection for its operational risk exposures.

Ogier advises on final closing of 8F Aquaculture Fund I L.P. – a sustainable aquaculture fund

The investment strategy of 8F Aquaculture Fund I LP is focused on developing a socially and environmentally responsible land-based salmon farming business, which is being developed globally.

Implementation of the 5th AML Directive into Luxembourg law

The 2020 Law, which is significant in the context of the FATF’s scheduled on-site visit in Luxembourg, impacts the national AML/CTF framework in a number of key areas.

Channel Islands Funds Quarterly Update: Q1 2020

The Director of Revenue Services in Guernsey has indicated that it would take a pragmatic approach in applying Guernsey's economic substance legislation.

The Territorial Limitations of the Black Swan Jurisdiction

On 30 March 2020, the Court of Appeal of the Eastern Caribbean Supreme Court (the Court of Appeal) delivered a decision of some practical importance to the practice relating to applications for injunctive relief.

Update on Court Availability in the BVI, Bermuda and the Cayman Islands

Filings and Court searches are available in the ordinary course in BVI and the Cayman Islands, and in Bermuda for urgent matters only.

An Update on the Recovery of Foreign Lawyers Fees in the BVI

For many years, the entitlement of litigants with disputes before the Eastern Caribbean Supreme Court (the BVI Court) to recover the costs incurred by their overseas lawyers

PrivatBank files new lawsuit for $5.5 bln in Cyprus against ex-owners – bank

The bank claims that they were fictitious loan agreements, none of which were repaid.

Wrongful Trading: Legal Position in Jersey

If businesses are unable to weather the storm, directors should ultimately do all they can to ensure that their conduct in the run up to a formal insolvency process cannot be challenged or criticised.

Executing a Guernsey Will during lockdown

Normally those requirements do not cause too much of a problem, but in the context of COVID-19 they become quite challenging.

Managing Your BVI Business and Transactions During the COVID-19 Pandemic

The BVI Registry, the Financial Services Commission and other public offices remain in operation during the lock-down on a remote basis.

Maltese Court orders seizure of €29.5m of assets belonging to 'Vatican Bank'

A court order was issued today directing that money or property of the IOR be seized.

Federal Council aims to strengthen Swiss debt market through tax reform

This will enable corporate groups to issue their bonds in Switzerland without withholding tax hurdles.

Collas Crill Advises On £70M Bath Street Redevelopment Project

The Collas Crill team advised on all aspects of the project including advice on the development structure, lease agreement, funding, planning and construction.

Guernsey legal and regulatory update

Guernsey's Revenue Service has introduced an online service for companies completing and submitting their corporate tax returns.

The Foundation Company as a Decentralised Autonomous Organisation (DAO) in the Cayman Islands

The timing of the enactment of the Law was also fortuitous as it coincided with the popularisation of decentralised autonomous organisations (or DAOs), most of which utilise blockchain technology.