Managers of Wealth Offshore

Cayman Islands’ Limited Liability Companies Law, 2016, comes into force

The introduction of the LLC responds to requests made by the US financial services industry for such a vehicle.

Prosecutors Investigating Lotte’s Suspected Overseas Deals

Seoul prosecutors are tracking down the flow of capital upon discovering key affiliates have bought a stake that initially cost 15 billion won in a franchise restaurant operation in 2002 for 49.4 billion won from a private equity fund run by a foreign in

Jailed investment manager says he doesn’t have access to offshore money

The once-high-flying investment manager sat mostly motionless and expressionless during the hearing.

Venezuela detains suspect linked to Panama Papers law firm

News reports based on millions of leaked Mossack Fonseca spurred global criticism that the firm was helping the rich and powerful

Carey Olsen advises Raven Russia on dual listing

The Carey Olsen team included Partner Ben Morgan and Senior Associate John Scanlan

Brazil police launch probe into Panama's FPB Bank

Fpb Bank said in a statement that it has no operations in Brazil and that accusations that the lender is involved in the corruption scheme are erroneous.

DOJ Investigating Facebook for Suspected Irish Tax Dodge

The court filing says the documents relate to an IRS examination of the company’s federal income tax liability for the year ending Dec. 31, 2010.

Ex-Treasury Boss Blasted For Taking Job With Bank 'Exploiting' Offshore Finance Services

According to its website, the family-run bank which is the oldest in the UK and the fourth oldest in the world offers clients help netting “the best after-tax returns” as part of its offshore investment management wing.

Offshore law firm scoops trust award

The company has been ranked in Band 1 in the high-net-worth guide by prestige British legal publishers Chambers & Partners.

Lionel Messi Sentenced in Tax Case, but Prison Is Unlikely

He is also unlikely to be imprisoned.

Ogier remains top CISE listing agent

The figures for the year so far also show that the firm has also sponsored 59 of the 219 securities listed between 1 January and 30 June this year.

CIMA Reveals Deal With Gibraltar In Wake Of Brexit

Cindy Scotland, the managing director of CIMA, signed the deal on behalf of the authority and explained the reasoning behind it.

ENSafrica recognised for its India-related capabilities

ENSafrica’s well-established India practice group has many years of experience in facilitating the entry and expansion of Indian corporates on the African continent, as well as facilitating foreign investment by African corporates into India.

Carey Olsen Advises Grafton Capital on Jersey Technology Fund

Carey Olsen funds partner, Daniel O'Connor, and senior associate Chris Griffin, who led the team, advised on the Jersey legal and regulatory aspects of the fund's establishment and regulatory authorisation with assistance from associate Katrina

Appleby Cayman receives top rankings in 2016 Chambers HNW guide

The Chambers High Net Worth Guide draws on independent research conducted by a team of private wealth researchers.

Bermuda Introduces LLC Legislation Based on Delaware Statute

While a few non-US jurisdictions have made provision for LLCs in their laws, such laws generally incorporate non-US terms and concepts which may be unfamiliar to US counsel.

New York Supreme Court rules that derivative claims under Cayman law must first go through the Cayman Courts

In any event, the Court also held that the plaintiff lacked standing to bring a derivative claim

'Cayman Gang of Four’ allegedly stash stolen millions into Cayman Islands hedge fund

The report said that Buntain and Lamb were believed to have been involved in fraud, securities fraud, money laundering and racketeering.

Appleby Partner Keith Robinson top ranked in Chambers HNW 2016

Ashley Fife, a senior associate in Bermuda’s Private Client and Trusts team was recognised as ‘an associate to watch’ and is described by Chambers as “very energetic.”

Progress reported in Bahamas megaresort talks

Baha Mar was put into provisional liquidation at the instigation of the government in September 2015.

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