Managers of Wealth Offshore

Beneficial Ownership Registration in Bermuda, The British Virgin Islands and Cayman Islands

The beneficial ownership registration regime has gone live in Bermuda, The British Virgin Islands (BVI) and Bermuda.

Recent Decisions from the Cayman Islands in Merger Valuation Disputes

In a judgment dated 25 April 2017 in Re Shanda Games Limited, Mr Justice Segal found the fair value of the company’s shares to be more than double the amount paid in the merger in November 2015.

Appleby advise on offshore aspects of £150m sale of Lombard Division

Working alongside lead counsel Addleshaw Goddard, Appleby provided multi-jurisdictional advice on the transaction, evidencing the collective strength of the team across the jurisdictions.

French bank SocGen says has wound down contracts with Mossack Fonseca

In March, Mossack Fonseca announced it would be shutting down due to the economic and reputational damage inflicted by the scandal.

Guernsey court limits trustee tax error rule

Only if this condition is established, can a court use its discretion to correct the decision.

Ogier advises on £3.9 billion UBM deal

The transaction brings together two leading companies in the business-to-business events organising sector.

Guernsey Court of Appeal provides an avenue of escape to tax advisors and trustees

The Court of Appeal therefore proceeded on the assumption (but without expressly deciding) that Guernsey law was as Pitt v Holt.

Collas Crill advises on £155m deal for London landmark building development

The law firm acted alongside Hogan Lovells LLP for TH Real Estate in connection with a £155m.

Court dismisses dishonesty claim against Butterfield Bank

Finds that bank did not purposely process fraudulent transactions

Refusal of consent under Guernsey's AML reporting regime: The Royal Court weighs in on balancing the rights of asset custodians and asset owners

The Court held that it would be inappropriate to require a financial institution to prove that the funds were tainted in a situation where it does not have all the details of the sources

Developments in Jersey litigation law

Counsel Nicola Roberts and senior associate Leon Hurd of Ogier provide a brief update on some key developments in Jersey during the last 12 months

Ogier recognised with two awards for Ocean Rig deal

The case involved a number of contentious elements including class composition and fairness issues.

What You Need to Know About Luxembourg's MiFID II Legislation

When providing discretionary portfolio management services and independent investment advice to clients, investment firms cannot receive any benefit or commission that may be considered an inducement.

Carey Olsen acts in liquidation

It gives Abraaj Holdings a sound structure to continue to look after the best interests of its stakeholders and creditors

Bedell Cristin advises on Sky bid

The acquisition would enhance the entertainment, distribution, and technology leadership of Comcast

Open justice versus privacy of trust (HSBC Trustee (CI) Ltd v Kwong and others)

First published in ePrivateclient in May 2018.

Bermuda Introduces Digital Asset Business Act 2018

DABA has now been approved by both the House of Assembly and the Senate and only needs Royal Assent and a notice of the Minister of Finance.

Carey olsen among guernsey winners at inaugural private equity services awards

Carey Olsen was named "best offshore law firm" in the fund formation category.

Announcement: Central Bank Of Curaçao And St. Maarten

In this regard, regulation has already been drafted in the areas of Overextension of Credit, Annual Percentage Rate when extending credit and Complaints Handling.

Trusts Law amendment makes Jersey ‘world leader’: Carey Olsen

We anticipate this amendment will be welcomed by settlors and trustees alike

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