Managers of Wealth Offshore

Jersey Foundations - Reflections on their first 10 years

When the Island first introduced the Foundations Law, uptake of the entity, which is similar to both a company and a trust in some respects, was relatively slow.

Men deny laundering millions of dollars of gold

A further US$135,000 was found hidden beneath a compartment in the private jet that transported the gold to Cayman.

Recognition for 11 Carey Olsen lawyers in Private Client Global Elite Directory

The 2019 edition received more than 8,000 entries, resulting in recommendations for 293 'Global Elite' lawyers and 136 'Ones to Watch'.

Summary of Guernsey discrimination consultation 2019

The States of Guernsey have published Technical Draft Proposals, as well as a summary of those proposals, a proposed list of exceptions to the legislation, and a questionnaire which can be used as the basis of a response.

Ogier named offshore law firm of the year at the Asian Legal Business Awards

This award is an endorsement of the excellent work our team is consistently delivering," said Ogier's Hong Kong practice partner Nicholas Plowman.

Are you ready for Data Protection in the Cayman Islands?

The DPL is similar to the General Data Protection Regulation with which many clients will be familiar.

Walkers Impresses in The Private Client Global Elite 2019

Launched in 2017, the Private Client Global Elite serves as a highly respected global directory of the world’s top private client and trust and estates litigation talent, as well as rising stars within the industry.

Christie’s expert hunts for stolen millions in lawsuit against Bank of Valletta

International art expert holds BOV responsible for lack of due diligence after stolen milllions passed through companies set up by auditor Joe Sammut in alleged ‘Gaddafi’ ruse

Estate planning for Asian clients in the Cayman Islands and the BVI

Many of them are unaware that the probate process can be expedited with a BVI will, but have not been advised that forced heirship laws in their home jurisdiction may override a disposition by will.

Directors and Managers of Cayman Islands companies take note of recent amendments

A failure to comply with notices or provide information under the beneficial ownership regime incurs a penalty of CI$25,000 for conviction of a first offence and CI$50,000 and/or imprisonment for two years for conviction of a second offence.

Economic Substance: Impact On Bermuda Insurers And Insurance Intermediaries

This memorandum is tailored for members of the Bermuda insurance industry and is designed to assist them in understanding the requirements of the ESA.

Controllers find ‘serious’ regulatory breaches at OneTRADEx

OneTRADEx uses US broker Interactive Brokers’ trading platforms and systems under its own brand name.

Bedell Cristin lawyer called to Guernsey Bar

She recently acted for a beneficiary in Guernsey's first successful application under the reformulated Rule in Re Hastings-Bass.

Family office investments and Jersey Private Funds

Multi-family office co-investment structures might also be exempt, for example where the structure is essentially a joint venture between separate families.

Hong Kong, China's measures to combat money laundering and terrorist financing

Hong Kong, China actively prosecutes money laundering from domestic offences.

US fraudster who used Cayman company sentenced to 262 months

Thomas purported to be a successful Harvard-educated investment adviser for Cayman-incorporated Marbury Advisors.

Bedell Cristin lawyer called to Guernsey Bar

We have a high-calibre team of lawyers at Bedell Cristin and Jasmin is a key member of that team.

Employment Tribunal confirms that Tribunal Proceedings can proceed in an Employer’s absence

The employees lodged a complaint of unfair dismissal with the Employment Tribunal.

New Cayman Islands Data Protection Law, 2017 Coming into Effect

The DPL applies to Cayman private investment funds where personal data regarding an individual (“data subject”)is processed by “data controllers” and/or “data processors.”

Length of UK Prison Terms for Money Launderers at Record High in 2018: Report

The Sentencing Council guidelines have been tougher in part because of their emphasis on the impact that financial crimes have on victims, including any related distress, inconvenience or monetary loss.