05/27/2016
Liberia, America’s outpost of financial secrecy
They can also issue “bearer shares”, a legal instrument banned in most countries because of the ease with which they can be used for tax evasion and money laundering.
Legal
05/26/2016
Mourant Ozannes sponsors elite rugby team in Olympic warm-up tournament
It has been 92 years since rugby last featured in the Olympics, so 2016 marks a true milestone in the history of the sport.
05/25/2016
Being Named in the Panama Papers Does not Mean You Broke the Law
The line between the legal and illegal establishment of offshore companies can be blurry, but it doesn’t mean it’s always wrong.
05/25/2016
FG to Repatriate Stolen £300 Million From Jersey
FG to Repatriate Stolen £300 Million From Jersey
05/23/2016
Cayman legislative changes demonstrate island’s ongoing commitment to global transparency
The spotlight of the international community is shining more brightly than ever on International Financial Centres and those who use them in an effort to reduce aggressive tax avoidance, tax evasion and other practices which are perceived to be practiced
05/23/2016
Law firm ordered to close down wealth management services
The firestorm that has flared over the Panama Papers disclosures threatens to consume the credibility of country's lucrative offshore financial centre
05/20/2016
The Panama Papers and the U.S. Response: New Risks for Financial Institutions, Clients and Advisors
While many of those listed may have engaged in perfectly lawful and properly reported offshore activities, the disclosures will inevitably lead to new criminal investigations and civil and regulatory proceedings around the world.
05/20/2016
Mourant Ozannes advises on purchase of controlling stake in O3b Networks
The Mourant Ozannes team advising O3b Networks was led by Partner James Hill and Counsel Jon Woolrich.
05/19/2016
Insolvency Petitions Down In Most Offshore Jurisdictions - Appleby
When looking at the offshore jurisdictions as a whole, the broadly flat figures recorded for 2015 reflect a continuing levelling off in the number of filings since the high point of 2013.
05/19/2016
Benefits of using Cyprus based companies to invest in Iran - Harneys
On January 16 2016 the European Union implemented the Joint Comprehensive Plan of Action, which scaled back sanctions on Iran and marked the country's return to international capital (and other) markets. Investment in Iran through Cyprus-based compan
05/19/2016
CRS and Beneficial Ownership - Withers
In today’s difficult economic climate, countries need more than ever to ensure that they collect all the tax revenues that are due to them in order to fund public expenditure and reduce public debt. The arrival of new technologies has made it easier
05/17/2016
Flocker And Camelia: “Nothing Illegal About Panama Papers”
The Panama Papers is the name of a large collection of confidential documents from the Panamanian legal and business services Mossack Fonseca, which was leaked.
05/17/2016
Panama says tax evasion ‘not a crime’ there, offers to help India
“Panama is committed to cooperate and exchange of information but these can be only on bilateral terms,” Navarro said during an interaction here adding “the country which takes the information should be prepared to take it and use it acc
05/17/2016
A Summary of the Features of Bermuda Trusts by Ashley Fife, Senior Associate, Appleby
Bermuda law provides its courts the power to vary beneficial interests and administrative powers of trusts where it is in the interests of the beneficiaries to do so.
05/17/2016
Cayman law associations endorse legal industry anti-corruption statement
The Cayman Islands legal professionis committed, alongside its colleagues in the UK, to fight against corruption in all forms.
05/16/2016
Cayman Islands: Confidential Relationships Law to be repealed - Appleby
The Government of the Cayman Islands has this week gazetted a bill to repeal the statute that has frequently – and mistakenly – been described as Cayman’s banking secrecy law.
05/13/2016
Notification Injunctions - a new tool for asset preservation? - Appleby
Plaintiffs often seek freezing orders to prevent defendants taking steps to thwart the enforcement of their judgments. However, a plaintiff can sometimes struggle to prove a real risk of dissipation or to provide very substantial security to fortify a cro
05/13/2016
JERSEY: Correspondence With The UK Chancellor
A letter to the Chancellor of the Exchequer, George Osborne MP, sent on Monday 9 May, confirmed that Jersey would actively participate, as it had done in the past, in the work on the development and assessment of compliance of the standard.
05/13/2016
Dollars stashed in Swiss banks reverberate in Senate
Dar says highlight of renegotiated treaty is replacement of Article 26 on exchange of information with a new one; exchange of tax info to help catch tax dodgers and corrupt
05/12/2016
Navigating Cost Assessments - the BVI Commercial Judge offers Clarity on Recoverable Costs in the Commercial Division
On 29 April 2016, the Honourable Justice Barry Leon, the Commercial Court Judge in the BVI, handed down a detailed Judgment on the assessment of costs in the Commercial Division.