Legal

11/29/2018

Grand Court orders winding-up of reinsurer

CIMA also stated that Beechwood Re breached multiple local regulations by failing to file annual returns and failing to maintain minimum capital and solvency requirements.

11/26/2018

Jersey confirms beneficial ownership policy

Stringent requirements for the incorporation of Jersey companies, together with regulation and supervision of trust and company service providers, ensure this information is accurate and current.

11/26/2018

Jersey, Guernsey and IOM sign customs arrangement with UK

The two essential elements of establishing a customs union are that the parties agree not to impose import tariffs for goods passing between themselves, and to impose a common external tariff on goods from places outside the customs union.

11/26/2018

Guernsey courts endorsed for “big ticket” disputes

Mr Kosky praised the Guernsey courts for a “virtually paperless” trial and a judgment made within nine months of the hearing concluded, particularly, he said, when Guernsey had little track record of litigation of such a size.

11/23/2018

Guernsey courts endorsed for “big ticket” disputes

Mr Kosky praised the Guernsey courts for a “virtually paperless” trial and a judgment made within nine months of the hearing concluded, particularly, he said, when Guernsey had little track record of litigation of such a size.

11/23/2018

Law amended on validity of wills

Under common law conflict rules, the formal validity of a will of immovables, such as land or real estate, depends on the law of the country where property is located

11/23/2018

Gibraltar insurers to lose passporting rights

That said, those companies that do write business in the other 27 EU countries will have to make contingency plans or cease to underwrite this business, the agency warned.