08/01/2017
NAB set to file four references against Sharifs
It was decided to file four references in the accountability courts of Islamabad/Rawalpindi in the stipulated time period of six weeks from the date of judgement.
Legal
08/01/2017
Carey Olsen advises on new Jersey Private Fund for AVI Frontier Fund I
The Fund has appointed Viet Capital Securities as its local Vietnamese investment advisor.
08/01/2017
Mourant Ozannes acts in Japan Fund acquisition
The offer was an all-share offer of Japanese listed shares and is believed to be the first of its kind in the UK. It was completed via a Guernsey scheme of arrangement.
08/01/2017
Ogier acts for £200m stake in Milton Park, Oxfordshire
Milton Park is home to over 250 organisations and employs over 9,000 people.
07/31/2017
Panama Papers: EFCC targets indicted Nigerians
The objective is to cover the tracks of such people said to include two serving governors, some ex-governors, Senators and a powerful Northern Emirate kingmaker.
07/31/2017
Another International Rogue Bank Ordered Shut
The provisional winding-up order for Saab Financial Ltd. was issued in April but only recently came to light.
07/31/2017
Liquidators label collapsed Louis Group as ‘worthless’
The Louis Group IoM collapse is being investigated by the island’s financial crime unit.
07/28/2017
Ogier advises on record-breaking £1.28 billion "Walkie Talkie" purchase
As well as the landscaped public gardens called the Sky Garden.
07/28/2017
New UK Offences of Failure to Prevent Facilitation of Tax Evasion – looming deadline
Businesses will not be liable for the offences provided they have established the defence by putting in place and maintaining “reasonable prevention procedures”.
07/27/2017
The Companies Act 2017 - Impact On Irish Investment Funds
The main purpose of the Act is to transpose the EU Accounting Directive into Irish law.
07/27/2017
Abu Dhabi inks two partnerships with Malaysian regulators
The Authorities are also prepared to develop relevant activities and events that foster financial innovation and closer regulatory cooperation in both jurisdictions.
07/26/2017
Epic Saudi fraud trial coming to a close in Cayman court
The Cayman trial revolves around the claim from the Al-Gosaibi family that it was the victim of a $9.1bn fraud conducted by Al-Sanea
07/25/2017
Jersey players institutionalize first regulated crypto-currency hedge fund
The fund will then trade cryptocurrencies and other tokens, including participating in selected Initial Coin Offerings.
07/25/2017
In your court: offshore dispute resolution review July 2017
The adoption of new international guidelines on cross-border insolvency matters by the BVI courts has been widely welcomed.
07/24/2017
Fine Tuning Fair Value Appraisals: Further Guidance from the Cayman Court
Following the judgment in Shanda Games and building on the judicial guidance found in the other very recent decisions of the Court summarised in our article here
07/21/2017
Beverly Hills Man Indicted For Alleged Tax Fraud
Allegedly Hid $20 Million in Offshore Accounts at the Same Time Falsely Claiming the Earned Income Tax Credit on His Tax Returns
07/21/2017
Florida Businessman Sentenced to Prison for Conspiring to Commit Tax and Bank Fraud
Concealed Approximately $2.5 Million in Secret Belize Accounts
07/20/2017
Attorney-Client Privilege: The Road Ahead by Vann P. Gaitor
The privilege is the client’s not the attorney’s or legal adviser’s.
07/20/2017
Getting financial services licensees in shape for the Caribbean FATF inspection
In order to manage this process effectively, the Cabinet established the National Risk Assessment Council to serve as the policy-making body responsible for leading the way on significant policy issues in relation to the conduct of the national risk asses
07/20/2017
Ex-Credit Suisse Banker Pleads Guilty in U.S. Offshore Tax Case
She oversaw the servicing of accounts for over 1,000 to 1,500 client relationships.