Managers of Wealth Offshore

Ogier advise HNA on £131m Canary Wharf acquisition

The acquisition is the second at Canary Wharf by HNA, which purchased the ten-storey building at 30 South Colonnade – the home of Thomson Reuters – last year.

ESMA's further advice indicates delay on the extension of AIFMD passport to Third Countries

Two of Ogier’s other non-EU jurisdictions, Guernsey and Jersey, were included in the five jurisdictions given an unqualified ESMA assessment.

Update on the EU Commission's and UK government's plans to tackle tax evasion

The Commission has indicated that its goal is to “create the highest possible level of tax transparency”, noting that “recent media leaks have exposed loopholes in the international tax system, which need to be urgently addressed”.

Former MP Dean Del Mastro’S $26M Solar Venture In Barbados Stuck In The Dark

A solar farm project in Barbados which promised to create more than 500 jobs and a cheap green energy source for locals was supposed to be up and running by early April.

Guernsey Finance Director Was 'Reckless Risk Taker'

Judge Russell Finch said he had taken a "twisty route of deception" and his actions had been a "gross breach of trust".

CAYMAN ISLANDS: Business Licences Now Issued Via Email

DCI began emailing both new and renewal licences on Friday, 1 July.

Collas Grill Advises On LAunch Of Innovative Virtual Reality Studios

Available to hire by the hour, the premises will use Vizuality's cutting-edge wireless technology, a concept which will be rolled-out across cities worldwide.

Barbados eyeing New Court System

This is why a CCAM would prove advantageous and this administration has already been presented with a guide for the establishment of such a system and with an International Arbitration Act.

Fugitive’s company closed down over $1.69M debt

A Canadian national, he was believed to be in Panama last year and more recently in Florida.

IMF Executive Board Concludes 2016 Article IV Consultation with St. Kitts and Nevis

The economy continued its strong growth at around 5 percent, recording the strongest growth in the region over 2013-2015.

Panama Papers: Offshore Firm Helped Billionaires Plunder Africa

The International Consortium of Investigative Journalists, which published the leak along with dozens of international media, found that 44 of 54 African countries have a total of at least 37 mining, oil and mineral companies connected to offshore account

Bermuda Upgrades to First Class with the Cape Town Convention

International interests registered on the International Registry take priority over subsequently registered interests and also have priority over non-registered interests over the same assets.

Walkers advises on sale of Nautilus Trust Group

Over that period, Nautilus has grown organically and through the acquisition of other Jersey based trust companies to number some 70 staff, and offers a wide range of services to private wealth and corporate clients.

Brexit – Ireland as a location for Regulated Financial Service Providers

One major concern for UK regulated financial service providers is the ongoing uncertainty in relation to the continuation of the financial services passporting regime currently enjoyed by UK RFSPs throughout the EU/EEA.

Canadian banks ordered to disclose Cayman dealings

The CRA suspects tax dodgers used RBC and Citibank to repatriate offshore assets held at Cayman National Bank.

Leave for Cayman derivative actions – international or domestic only? - Appleby

The rules of court in the Cayman Islands control shareholders’ entitlement to issue proceedings in the name of their company.

Panama leak: SC seeks Centre, RBI's response in four weeks

Each transaction spans different jurisdictions and may involve multiple entities and individuals.

Bermuda Insurance Update - July 2016

The enhanced regulatory status of Solvency II has proven beneficial.

Limited Liability Company Act passed in Bermuda Senate

The Limited Liability Company Act 2016 (LLC Act) has today passed in the Senate and is set to come into force in the near future. The LLC Act introduces into Bermuda the first new corporate structure in 100 years.

Court Orders Winding Up Of Fugitive’S Firm

According to an order issued on July 22 by Grand Court Justice Ingrid Mangatal, B&C Capital Ltd. was ordered to be wound up following a petition filed in June by a British Virgin Islands-based creditor of the company.

Legal