11/08/2018
Economic Substance Law – Key Aspects
Following the release of the Draft Economic Substance Law on 23rd October (the Draft Law), which is due to be debated in early December, Jersey's government has now issued a Key Aspects Document.
Legal
11/08/2018
BVI & Cayman Islands Sanctions – Additional Reporting Obligations
The Sanctions Orders generally restrain persons from dealing in funds or economic resources owned or controlled by, or making funds or economic resources available to, persons or entities listed under the Order.
11/07/2018
Cayman Finance courts Chinese investors
Anthony Webster, a partner at Maples and Calder (Hong Kong), said it was important to have Scott at the events given the vast benefits for businesses in both jurisdictions that can occur from working together.
11/07/2018
Monaco deny Football Leaks claims of offshore set-up to bypass Financial Fair Play
Monaco qualified for the Champions League in 2014 after finishing second in Ligue 1, and were looking for new revenue streams that would enable them to comply with FFP.
11/07/2018
Cayman Islands: Application Granted For Sanction To Enter Into A Litigation Funding Agreement
An unusual aspect of the application was that the JOLs sought an order that amounts due to LLF would be paid as an expense of the liquidation (thus granting those amounts due statutory priority) save for when amounts may be due to the PSCs.
11/07/2018
Bahamas Bank Accounts Targeted For Us Seizure
The Bahamian bank accounts were used to disguise and launder the bribe payments to Ortega so that they would appear to be clean.
11/07/2018
Conyers recognised by IFLR1000 as corporate and finance leader
One of the firm’s highlights came from advising Sky Aviation Leasing International on its asset-backed securities offering.
11/07/2018
BVI Approved Manager Regime – Streamlined for Success
This has been attractive amid the general global trend for increased compliance costs and more onerous regulation.
11/07/2018
Mauritius Government Enhances Business Processes
A category 1 global business licence (GBL1) issued by the FSC on or before 16 October 2017 will continue to be valid until 30 June 2021.
11/07/2018
Carey Olsen advises on largest commercial property acquisition in the Channel Islands
Purchaser Seaton Place Limited sources, structures and purchases commercial real estate assets to provide investment solutions for international ultra-high net worth individuals, family offices and wealth managers.
11/06/2018
Ogier’s Sandie Lyne qualifies as a Guernsey Advocate
“Qualifying as a Guernsey Advocate is a long and difficult process that requires commitment and a significant investment of time, so all of the partners are delighted that Sandie has been admitted.
11/06/2018
Guernsey – in the global elite for private wealth
The Private Client Global Elite is a global directory of the world’s top private client and trust disputes talent and rising stars in the industry. Guernsey Finance sponsored a gala dinner in London for the elite list.
11/06/2018
Top tier rankings and high praise for Ogier's Guernsey team
The Private Client & Trusts team promoted and new ranking for two associates to watch amidst seven individual rankings in total in Chambers UK.
11/05/2018
A Substantial Undertaking
Proposals are due to be lodged for legislation in Jersey by 23 October 2018 and in both jurisdictions it is anticipated that changes to corporate tax residency rules will be in place with effect from 1 January 2019.
11/05/2018
Trust legislation in Guernsey
That legislation has served the island and those using it as a platform for wealth administration very well and some of the innovations introduced then have since been adopted in other jurisdictions.
11/05/2018
Legal Guide Rankings Confirm Appleby as Leading Law Firm in Isle of Man
Last week Appleby Isle of Man also announced its ranking in The Legal 500
11/05/2018
Nine Appleby offices recognised in 2018 IFLR1000 Guide
Appleby is also described as having “Strong technical ability, very commercial, very responsive, very proactive, no drama
11/02/2018
US charges former Goldman bankers for 1MDB
Former Banker Tim Leissner Pleaded Guilty to Conspiring to Launder Money and to Violate the Foreign Corrupt Practices Act Related to 1MDB
11/02/2018
Capital Call Facilities – LPA and side letter review
The Cayman Islands exempted limited partnership is a common vehicle used for structuring private equity funds
11/02/2018
Obtaining a Jersey grant of probate: the fast-track procedure
Our legal fees for dealing with a fast-track probate application are generally between £700 - £800 excluding disbursements.