03/23/2018
Recent Updates in Mauritius - Appleby
Where the total tax liability is not paid by 31 May 2018, any waiver of penalty and interest shall lapse and the total tax, penalty and interest shall become payable and recoverable.
Legal
03/23/2018
At A Glance Guide to Luxembourg Public Limited Companies reforms
Without amendments to their articles of association, companies will have to continue under the constraints of the old regime
03/23/2018
Appleby Mauritius wins 'Finance Deal of the Year' at Asia Legal Awards 2018
The Appleby Mauritius & Seychelles teams were led by Malcolm Moller and Counsel, Anjana Ramburuth.
03/22/2018
Malta bank chief held in US over Iran links
Company had been under scrutiny by murdered journalist Daphne Caruana Galizia
03/22/2018
Crooks are impersonating Monaco’s elite including Prince Albert II to scam money from high-flying victims
‘For several weeks, individuals who are part of organised groups, have been stealing the identities of high-ranking personalities in the principality and trying to establish personal contact with them … notably through electronic messages, S
03/22/2018
Authorities seize control of bank at center of Malta corruption scandal
Maltese authorities took control of Pilatus Bank that is at the center of a scandal exposed by the murdered journalist Daphne Caruana Galizia
03/21/2018
Swiss prosecutors charge Germans with industrial espionage - report
The Zurich prosecutor’s office was not immediately available for comment, while a German foreign ministry official said it was familiar with the case but that it does not comment on ongoing judicial processes.
03/21/2018
'Bidding War' Erupts Over Passport Demands
The report said such transactions will provide a major source of future revenue for countries that lack alternative exports but reputational risks are rising too.
03/21/2018
Why Cayman May Be the Best Fit
The Cayman Islands is a tax neutral jurisdiction, which represents a significant benefit to asset managers
03/21/2018
Cayman LLCS: One Year Old and Boldly Striding Forward
The net result is that, subject to minimum statutory safeguards, parties have considerable contractual freedom to legislate their own affairs.
03/20/2018
Revised time limits for discovery of offshore non-compliance in offshore arrangements
Currently HMRC have four, six or 20 years (for mistake, careless or deliberate behavior respectively) to assess tax that is due.
03/20/2018
Cross-Border Restructuring: The Cayman Islands Option
This manifestation of globalisation can raise some particularly challenging issues if the company finds itself in financial difficulty.
03/19/2018
Peru president says he used offshore firm to legally avoid US taxes
Why would we pay Uncle Sam and Mr Trump a bunch of money that's here in Peru?
03/19/2018
INVESTIGATION: Ministers under pressure to end charges for property checks after The Sunday Post reveals off-shore owners of swathes of Scotland
MINISTERS are under increasing political pressure to scrap fees for property searches in Scotland.
03/19/2018
CSSF Warnings on ICOs, Tokens and Cryptocurrencies
Investors are also encouraged to 'very carefully consider' the white paper that should accompany any ICO.
03/16/2018
Restrictions on short-term letting and Strata by-laws in the Cayman Islands
Judge Henderson noted that there is nothing in the Strata Law itself which attempts to prohibit a party from contracting out of the restriction
03/16/2018
Cayman appeal court applies Minority Discount in appraisal cases under section 238 of the Companies Law
The Court of Appeal accepted that Delaware jurisprudence can be of assistance to the Cayman Court but noted that it should not be determinative.
03/16/2018
'Ahead of its time' Guernsey Trusts Law reaches 10-year anniversary
The legislation, which replaced the Trusts (Guernsey) Law, 1989, was designed to create a more flexible framework for the local trust industry and to provide better protection for both settlors and trustees.
03/16/2018
Of Sound Mind and Memory: New Guidance for Trustees Regarding Settlor Capacity in the Cayman Islands
The trustee of the Trust was CI Trustees Ltd (the "Trustee"). The settlor of the Trust was a childless widow, and resident of a Spanish-speaking country in South America.
03/15/2018
Trusts and Protectors - A Russian Tale
Appleby Guernsey’s Dispute Resolution and Private Client & Trusts teams review this important decision and the impact in the Channel Islands.