03/06/2018
Cayman Islands’ Anti-Money Laundering regime updated
Entities that are newly subject to the AML Regulations have until 31 May 2018 to implement appropriate AML procedures or to implement a delegation/reliance arrangement.
Legal
03/06/2018
Ogier's Hong Kong and Jersey teams advise on cryptocurrency fund launch
The Fund, structured as a Cayman Islands master feeder fund structure and registered with CIMA, is credited with being one of the few institutional quality cryptocurrency funds at the time of its launch.
03/05/2018
Illegal gambling sees Russian punters pouring over $1 billion per year into offshore shell accounts
“Around 70 percent of that is illegal, offshore business.”
03/05/2018
Cayman-Based Hedge Funds Under Investigation Seek Ch. 15
The funds, eight in all, had been split into three groups, each of which had different investors. All of the funds were promoted and managed by the same investment manager, Premium Point Investments LP.
03/05/2018
Pinel Advocates Advises BDO on the Acquisition of C5 Alliance
Andrew Pinel, Partner of Pinel Advocates said: “We were delighted to assist BDO Jersey with the acquisition of C5."
03/02/2018
Important Changes to Cayman Islands Regulations and Compliance for investment funds
The changes that have been made to the Cayman Islands anti-money laundering (AML) regime are to bring Cayman in line with international best practice and are a welcome update to the financial services landscape in Cayman.
03/02/2018
Another string to the bow – the Cayman Islands new foundation company legislation
The Cayman foundation company is a highly flexible vehicle, designed to achieve a wide range of private client, family business and philanthropic objectives.
03/02/2018
Carey Olsen and Carey Group advise on LSE listing
Carey Group in Guernsey has been appointed as administrator and company secretary to MPLF. Stifel is the company's broker.
03/01/2018
Carey Olsen advises Brazil's 99 in US$1 billion ride-sharing app sale
The Carey Olsen team advising 99 on the Cayman aspects of the acquisition was led by partner Alistair Russell, who was assisted by associate Robert Coombes.
03/01/2018
Dissenting Shareholders, Freezing Injunctions, and Provision for Payment: A new judgment of the Cayman Islands Court of Appeal
Having been declined this relief by the Grand Court, the Dissenters took their case on to the Court of Appeal of the Cayman Islands.
03/01/2018
Latest Chambers ranks CI law firms
The 2018 edition ranks law firms based on technical expertise and client service.
02/28/2018
HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions
Requirement to apply Enhanced Due Diligence for higher risk jurisdictions
02/27/2018
Who is John Smith? - Jordans
Due to the regulations now in force, simplified client due diligence is no longer applicable in most circumstances.
02/27/2018
Jersey: Revised JFSC Codes of Practice issued - Appleby
There are some important changes which could have an impact on all regulated financial services businesses, banking businesses and insurance businesses in Jersey
02/26/2018
Generation games and avoiding family disputes - Ogier
The use of private trust companies is also becoming more common as a method of retaining family control through the generations, with inventive use of voting rights and committees.
02/26/2018
Getting tough on money laundering
It is they, not their detractors, who have contributed to Malta’s image as an Eldorado for money launderers that the country is now constrained to fight.
02/26/2018
Mourant Ozannes at the forefront of aviation and ship financing in Asia
Mourant Ozannes provided BVI law advice in connection the loan and lease financing of four second-hand long range product tankers.
02/23/2018
Re King Bun Limited: Re-affirming When the Case Should be tried in the BVI
The operation of the underlying business and the assets are in Hong Kong and the People’s Republic of China (“PRC”).
02/23/2018
Appleby advises Butterfield in connection with its acquisition of Deutsche Bank's Global Trust Solutions business
It also provides us with a physical presence in Asia, which we view as a growth market for Butterfield.
02/23/2018
New office for Ogier as firm celebrates ten years in Tokyo
Ogier Global provides trustee services to Cayman Islands unit trust structures, being the vehicle of choice for Japanese investors.