09/05/2019
Controllers find ‘serious’ regulatory breaches at OneTRADEx
OneTRADEx uses US broker Interactive Brokers’ trading platforms and systems under its own brand name.
Legal
09/05/2019
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.
09/05/2019
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.
09/05/2019
Hong Kong, China's measures to combat money laundering and terrorist financing
Hong Kong, China actively prosecutes money laundering from domestic offences.
09/04/2019
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.
09/04/2019
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.
09/04/2019
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.
09/04/2019
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.”
09/03/2019
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.
09/03/2019
Carey Olsen Bermuda announce first recipient of law student bursary
Carey Olsen Bermuda is approaching its second anniversary at the end of this year and establishing a programme of support to aspiring law students was always a key early objective for the firm.
09/03/2019
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
09/03/2019
Al Sadik v Investcorp: Cayman Grand Court provides guidance on interim payments and orders consequent upon the grant of an anti-suit injunction
The judgment also reinforces the position in the Cayman Islands concerning costs and damages orders consequent upon the grant of an anti-suit injunction.
09/03/2019
What's in a Claim? The Art of Constructing Arbitration Clauses
Three interlocutory applications came before the Court, one of which was an application by the Defendant for leave to issue a third party notice ("Third Party Notice") against McAlpine Limited ("McAlpine"), the builder of the staircase
09/03/2019
The ICLG Ireland chapter to Alternative Investment Fund Structures, 2019
Alternative Investment Funds Laws and Regulations, is a practical guide covering common issues
09/02/2019
Beneficial Ownership Reporting Requirements in the Bahamas - August 2019
Each registered agent is required to maintain the beneficial ownership information in a database that can be securely accessed and searched by the Attorney General via a secure search system, in order to comply with requests from foreign competent authori
09/02/2019
New Economic Substance Legislation in Barbados - August 2019
The new requirements are in response to European Union and OECD initiatives to prevent harmful tax practices and profit shifting.
09/02/2019
Enhancing Jersey's Philantrophic Wealth Structures
Jersey is a stable, tax neutral jurisdiction with a highly regarded regulatory regime, flexible and innovative legislation and experienced professionals making it an ideal jurisdiction for both charitable and philanthropic structures.
09/02/2019
Ogier advises Usiminas on the listing of US$750 million notes on Luxembourg Stock Exchange
Ogier's work included the review of documentation from a Luxembourg perspective
09/02/2019
Taxpayer victory in UK corporate residence case
The three Jersey companies each held five board meetings in Jersey between 11 June and 20 July 2004.
08/30/2019
Substance regulations may still apply
We are already assisting many clients to scope their activities and report on their compliance with the Substance Regulations.