08/30/2018
Former Lumiere director claims he “had little choice” during fraud trial
Once he began meeting the clients who had been affected, he realised most were not seasoned investors.
Legal
08/30/2018
Appleby Bermuda acts on USD2.6bn sale for Aspen Insurance Holdings Limited
The team was led by Partner Alan Bossin with assistance from Partner Matt Ebbs-Brewer and Associate Josephine Noddings.
08/30/2018
Discretionary beneficiaries' rights to trust information
The decisions solidify the open-justice policy and highlight the importance of allowing beneficiaries to oversee trustees' activities in order to ensure that the trust property is properly managed and that trustees can be held to account accordingly.
08/30/2018
Cayman’s National Pensions Law ‘needs more teeth,’ magistrate says
Progress made in three of four cases
08/29/2018
Cayman Islands Wills for individuals with shareholdings in a Cayman Islands Company
For individuals with shareholdings in a Cayman Islands Company
08/29/2018
Multi-jurisdictional law group opens a new office in the British Virgin Islands
The law firm will sit alongside the BVI corporate services offering headed up by Calum McKenzie and the fund administration services
08/28/2018
Insurance regulation in Africa - ten things to know about Mauritius
Our Mauritius team contributed to this guide, providing their thoughts on insurance regulation from a Mauritius perspective.
08/28/2018
Malaysia Brings Eight Money Laundering Charges Against Low
The charges cover approximately USD260 million in funds that Low is accused of receiving between December 2013 and June 2014.
08/24/2018
French couple thought they had invested in factories and not factoring: Lumiere trial
The former financier stands accused of losing £2.7m of money from clients by knowingly getting them to invest in a high-risk company. He is facing 18 charges, all of which he denies.
08/24/2018
Carey Olsen advises Lendable on latest Kenyan securitisation
The transaction will enable Watu to grow its capacity across Kenya
08/24/2018
‘Wilful defaulter’ Winsome Diamonds diverted $750 million to dummy companies, says probe
The dummy companies then routed these funds to an entity called Docklands Investment Ltd.
08/23/2018
Will Paul Manafort go to prison? After guilty verdict, here's how much prison time Trump's former campaign Chief could get
Manafort faces a maximum sentence of 80 years for the eight guilty verdicts. A sentencing date has been set for August 29.
08/23/2018
Ogier shortlisted for best in offshore in Asia-Pacific Dispute Resolution Awards 2018
The awards ceremony will be held on September 20 at the Island Shangri-La in Hong Kong.
08/23/2018
At a glance guide to debt listings on The International Stock Exchange (TISE)
Ogier Corporate Finance Limited regularly benchmarks its listing agent fees to ensure market-leading competitiveness.
08/23/2018
Viberts property lawyers advise on rare Les Minquiers transaction
Many of these properties have been formally conveyed by contracts passed before the Royal Court, some of which date back from 19thcentury, including two which belong to the States of Jersey.
08/22/2018
Mourant appointed as Multilaw member firm in Cayman and BVI
“Being named as Multilaw’s member firm in Cayman and the BVI is a reflection of the quality and expertise of our Caribbean practices and will allow us to further extend our global reach,” he said.
08/22/2018
90% of financial court cases available for public inspection
Mr. Marchant called the court’s assertion that it usually makes winding-up petitions public 72 hours after they are filed a “blatant lie
08/21/2018
Sweeping changes to Mauritius Global Business Sector
This memo provides an overview of some of the salient changes which may have an impact on our clients’ businesses.
08/21/2018
Appleby's head of Private Clients & Trusts nominated for ‘Trusted Advisor of the Year’
There are only five individuals nominated for this prestigious award.
08/21/2018
Helping Russia against Browder will be costly for Cyprus, lawyer says
Should Cyprus continue cooperating with Russia, Browder could be convicted in absentia which damages his reputation