08/12/2019
Standard Bank fined £20,000 for ‘intermeddling’
The situation arose due to unfortunate decisions of a limited number of staff to not follow procedure
Legal
08/12/2019
Baha Mar Receivers ‘Secretly Gave Sarkis’ Papers To Chinese’
Mr Izmirlian and his BML Properties vehicle, in their August 9 letter, claimed that the hand over of “patently privileged” legal opinions occurred just one day before the Bahamian Supreme Court heard arguments over CCA’s bid to gain acce
08/09/2019
Appleby Hong Kong Shortlisted in Five Categories
Appleby also received a nomination in the Equity market deal of the year category f
08/09/2019
Royal Court Reverses Employment Tribunal in First Review of Case Management Powers
This suggests that a number of employers have been prevented from defending claims, but need not have been.
08/09/2019
Summary of Economic Substance Requirements in Bermuda, The British Virgin Islands and The Cayman Islands
New laws and regulations (Substance Regulations) have been adopted in each jurisdiction in response to concerns expressed by the Council of the European Union about the absence of clear general legal substance requirements for entities doing business in a
08/09/2019
Weavering - Cayman Islands Clawbacks and Investor Certainty
At its heart Weavering was a battle of conflicting public policy objectives.
08/08/2019
Carey Olsen advises Ulster Bank
Silver Stream is one of the largest independent providers of residential care for older people in Ireland
08/08/2019
Weavering through unlawful preference provisions in the Cayman Islands
SEB had subscribed for shares in the Company as nominee for two underlying investors and had given two separate notices of redemption for its shares in October 2008.
08/08/2019
Towards A Single European Market On Private Pensions – The Pan-European Personal Pension Product
This is not expected to be the case before the end of 2021, however, it is important for possible PEPP providers to start thinking about the way in which they can tailor and market PEPP products to suit their business models.
08/08/2019
Penal Approach to Duty of Full and Frank Disclosure
The Respondent subsequently sought to discharge the injunction on grounds of material non-disclosure by the Claimant.
08/08/2019
Swiss Bank learns the cost of non-compliance
Bank which ignored advice from its compliance officer is slapped with a $10.6 million penalty.
08/08/2019
Skandinaviska Enskilda Banken v Conway: unjust enrichment or an unjust outcome?
SEB’s argument was rejected at first instance and by the Court of the Appeal.
08/08/2019
Grand Court Recognition of Bermuda Foreign Receivers – Modified Universalism discussed
Receivers were appointed in Bermuda over a fund operated by a Bermudan segregated accounts company.
08/08/2019
Firms with Bermuda links on awards shortlist
Nominated for law firm of the year in the “Bahamas, Bermuda & Cayman” subcategory are Appleby, Carey Olsen, Conyers, and Walkers — all of which operate on the island — as well as Bedell Cristin, Harneys, and Ogier.
08/08/2019
Collas Crill Managing Partner heads to Jersey
"It is a great opportunity for the firm as we seek to continue to build on the fantastic potential that we have already established in Jersey."
08/07/2019
Ogier advises on TISE listing
Partner Craig Cordle led the Ogier team on this listing and was assisted by senior associate Diana Collas and associate Laveen Ladharam.
08/07/2019
Ogier in Cayman's "stellar" private wealth team praised in Citywealth Leaders List
Ogier's Cayman Islands practice partner, James Bergstrom, said: "Our private wealth team continues to go from strength to strength. We highly value such endorsements such as these from private and institutional clients."
08/07/2019
Walkers is the first law firm to sign Guernsey Employer's Disability Charter
The charter is an initiative to encourage employers to make positive commitments about the recruitment, training and retention of workers with disabilities
08/07/2019
Appleby Advises China Oil and Gas Group
China Oil and Gas is a national piped gas operator in China focused on providing natural gas to end customers
08/07/2019
New SIBL Law sets 15 January 2020 deadline for Cayman ‘Excluded Persons’ to become 'Registered Persons' with CIMA
The Law abolishes the ability for an entity to register as an ‘Excluded Person’ under Schedule 4 of SIBL