11/14/2018
US firm still advocating for Cayman Islands in Congress
Former Baker Botts partner Jeff Munk, who was the firm’s official advocate for Cayman, now continues to represent Cayman through his new firm Munk Policy & Law.
Legal
11/13/2018
Theo Burrows is Millennial of the Year
He is a Director of STEP Bahamas Branch and has been invited to participate in the planning for STEP Caribbean Conference 2019 which will be held in The Bahamas.
11/09/2018
International bank fined by Jersey court for “intermeddling” in assets of an estate
When the Bank was notified of the Client’s death on 12 October 2017, it attached a ‘no debit’ instruction on all of his accounts, as per its internal procedures.
11/09/2018
Appleby Celebrates Success at Asia Women in Business Law Awards
The awards also support the Women’s Foundation with all proceeds raised going towards improving the lives of women and girls in Hong Kong.
11/09/2018
St Kitts and Nevis cancels Jho Low’s passport
It is understood that Low, commonly known as Jho Low, became an economic citizen of St Kitts and Nevis in 2011.
11/09/2018
Getting the Deal Done: What to do when your registered agent goes rogue
There is no statutory penalty for non-compliance and the effects of non-compliance have yet to be tested in the BVI courts.
11/09/2018
When hedge funds become illiquid, what options are open to investors?
The 2008 financial crisis led to a surge in the number of funds facing liquidity issues.
11/09/2018
Night of success for Bedell Cristin at the STEP Private Client Awards
“We are thrilled with the result,” said Bedell Cristin managing partner, David Cadin.
11/09/2018
Ex-Lumiere boss sentence delayed as he helps Guernsey police
The case of ex-finance boss who lost £2.8m of his clients’ money in a fraudulent fund has taken a surprising turn of events as his sentencing was abruptly adjourned after it emerged at the 11th hour that he is helping Guernsey authorities with
11/08/2018
Twist in alleged $1bn art fraud as Russian tycoon detained in Monaco
A judge in the principality has been investigating whether Rybolovlev sought to influence law enforcement officials in his long-running dispute with Swiss art dealer Yves Bouvier.
11/08/2018
Mourant secures 25 top rankings across major legal directories
Among the Chambers & Partners rankings, Mourant was the only firm recognised in Band 1 in Guernsey for Offshore Dispute Resolution
11/08/2018
Variety is the spice of life: recent cases at the Jersey Royal Court
The Royal Court was required to consider the terms of the JCT contract, and an Addendum which the parties had signed, amending the core contractual terms.
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.
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.