08/25/2016
Appleby lawyer to speak at prestigious offshore event
Participating in events such as this is an important part of our professional development and service delivery.
Legal
08/25/2016
UBS whistleblower exposes 'political prostitution' all the way up to President Obama
Birkenfeld's book about the UBS Swiss banking investigation, Lucifer's Banker, is published in October.
08/24/2016
Ogier advises on launch of AEW Value Investors Asia II Fund
Investors in the fund are primarily public and corporate pension plans and insurance companies based in both the US and Europe.
08/24/2016
Guernsey firms support Mercer Real Estate Partners on £235 million real estate fund
Mercer was established in 2010 to efficiently capitalise on UK property market distortions across a range of investment types.
08/24/2016
Swiss court clears former Cayman banker of breaking bank secrecy laws
But the court dismissed several counts alleging the breach of bank secrecy laws.
08/24/2016
Worldwide Disclosure Facility for offshore tax evaders effective 5 September
Unlike the LDF and other disclosure schemes, HMRC’s preliminary announcement suggests there will not be favourable terms available for settlement.
08/24/2016
Brooks welcomes settlement in two-year trust legal tussle
The dispute relates to Brooks’ 2012 purchase of Channel Island fund manager Spearpoint, which had invested around £30 million in zero dividend preference shares issued by Origo.
08/23/2016
Premier demands probe into Mega Bank money-laundering allegations
The New York agency said the bank's head office was indifferent toward the risks associated with transactions involving Panama
08/23/2016
Saudi Envoy’s Lost Millions Show Shell Company Risk, Judge Says
The administrator of Mansouri’s estate sought information about the transfers from two London investment firms, Acropolis Capital Partners Ltd. and Acropolis Capital Management Ltd., that refused to provide records.
08/22/2016
African mines ‘fixer’ linked to hedge fund
Sources close to the situation said the fund was Och-Ziff. The company declined to comment.
08/22/2016
Jersey begins sweeping review and revamp of funds regulation - Appleby
In the first step of a radical overhaul and rationalisation programme for Jersey fund regulation, on 1 August 2016 the Jersey Financial Services Commission (JFSC) and the States of Jersey (Government) issued a joint consultation on proposals for substanti
08/19/2016
St Kitts-Nevis government hopeful that US FinCen advisory will be lifted soon
We have recently introduced an additional due diligence test done by regional security forces in Barbados.
08/19/2016
Mourant Ozannes advises longstanding client
Mourant Ozannes' corporate team is a leading practice known for acting on the most complex and demanding transactions, with a particularly strong reputation for corporate finance, mergers and acquisitions and private equity.
08/19/2016
Bermuda Legislative Developments Welcomed
Following a significant consultation exercise, there has been a suite of changes to the partnership regime to, among other things, clarify partner responsibilities and provide useful flexibility to permit partnerships to relocate to and from Bermuda and t
08/19/2016
Key Figure in 1MDB Probe Is Arrested in Abu Dhabi
Investigators are looking into alleged fraud related to a Malaysian fund
08/18/2016
PAKISTAN: Tax laws protect most Panama Papers’ names from action
Tax declarations of income tax filers are time barred and could not be opened beyond last five years.
08/18/2016
Bahamas PM silent as bankrupt megaresort crisis drags on
The next substantive winding up hearing for Baha Mar is set for September 30.
08/18/2016
PTI to move SC against PM over Panama leaks
Announcing the decisions of the meeting, the PTI chief said his party would attend today’s meeting of the Opposition on the ToRs to give the last chance to the government.
08/18/2016
The DOJ’s Swiss Bank Program – Lessons Learned and the Road Ahead
The Program provided Swiss banks with a way to resolve potential liabilities in the US for tax-related criminal offenses and be protected from prosecution.
08/17/2016
Does Brexit matter for the corporate jet owners and lessors in Asia? - Mourant Ozannes
As the UK’s exit negotiations unfold in the months and years to come, it is vital for those in the Asian corporate jet industry to continue to monitor and assess the evolving impact of UK’s exit from the EU.