02/08/2016
Cayman Islands fraudsters used stationery from defunct bank to steal millions from investors
Dundee Merchant Bank held only a Class "B" banking licence in the Cayman Islands
Legal
02/08/2016
French tax fraud trial of disgraced former minister Cahuzac opens
Jérôme Cahuzac, chosen by François Hollande to clamp down on tax avoidance, admitted he hid €600,000 in Swiss bank account
02/07/2016
Iran’s Implementation Day Arrives and Harneys is in the Thick of it
The Joint Comprehensive Plan of Action (JCPOA), a milestone diplomatic agreement reached on 14 July 2015 between the US, UK, Russia, China, France and Germany (P5+1), and Iran, to tightly regulate Iran’s nuclear development programme in exchange for
02/07/2016
Bermuda to introduce new pathways to status - Appleby
The Bermuda Government has released an information sheet, entitled "Pathways to Status", detailing the amendments to the Bermuda Immigration and Protection Act 1956 that they will be seeking to make during the upcoming legislative session in ord
02/06/2016
Chinese EXIM Bank rejects blame for Bahamas megaresort crisis
By Travis Cartwright-Carroll Nassau Guardian Staff Reporter
02/06/2016
Jessica Roland wins Gold Award
“This is obviously a great honour for me personally, but it also reflects the ethos of Mourant Ozannes to promote equality and excellence in everything we do. I am delighted to receive this accolade, which was voted for by my peers, colleagues and c
02/05/2016
Julius Baer announces final settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border business
This settlement is the result of Julius Baer’s proactive and long-standing cooperation with the DOJ’s investigation.
02/04/2016
Feds Helped Hide Investigation Into HSBC Money Laundering For Drug Cartels
In addition to failing to prosecute clearly criminal behavior that any average American would be imprisoned for committing, from the outset, the DOJ assisted HSBC in keeping its dealings clandestine.
02/04/2016
Bermuda: Solvency II
Bermuda follows Switzerland as only the second country to date to be granted full equivalence by the European Commission.
02/03/2016
Bahamas government asks for more time on megaresort winding up
Baha Mar laid off more than 2,000 workers in October 2015, but still employs a skeleton staff.
02/03/2016
Canadian bank accused of facilitating major Caribbean financial crimes
The bank has also been implicated in assisting Ponzi schemers to steal millions of dollars from investors in Florida.
02/03/2016
Swiss Bankers Said Ready to Plead Guilty in U.S. Tax Case
Two client advisers from Julius Baer Group Ltd. accused of helping Americans evade taxes are expected to plead guilty in New York on Thursday, when the Swiss bank will resolve its own criminal case by agreeing to pay $547 million, according to two people
02/03/2016
Appleby Bermuda sees increase in ILS market share
The global insurance-linked security (ILS) sector continued to grow in 2015, with 49 ILS transactions completed during the year, a new market high.
02/03/2016
$104 Million UBS Informant Urges Swiss to Back Whistleblower Law
The role of whistleblowers in Switzerland was back in the spotlight on Tuesday as the court case resumed of a former Nestle SA executive, who claims she was fired after alleging there were lapses in food safety.
02/02/2016
French court backs charges against HSBC in tax fraud probe
The court rejected an appeal by HSBC that charges first brought in April for facilitating tax fraud and illegal practices be dropped.
02/02/2016
Fund administrators look to broaden value‑added services
That the BVI now has a set of funds – the Incubator Fund and Approved Fund – to complement this lighter touch regulated fund manager regime augurs well for the future.
02/02/2016
BVI’s M&A environment still as buoyant as ever
The firm established its BVI office with Corporate, Finance and Litigation practices in 2012, followed 18 months later by its investment funds practice.
02/01/2016
Bermuda Corporate Practice Group 2015 Year in Review -
Bermuda Corporate Practice Group 2015 Year in Review 2015 was another active year for the Conyers Bermuda corporate practice. Our workflow paralleled trends in the global markets, which were characterised by a buoyant M&A sector and a skittish ca
02/01/2016
Privy Council clarifies position on non-exclusive arbitration clauses in BVI
This is an important clarification. Any parties opting to litigate disputes in the BVI in the face, although not necessarily in breach, of an arbitration clause must accept that it would be advisable to bring arbitration proceedings on Day One.
02/01/2016
Hatstone Panama Newsletter January 2016
Continuing a growing trend, several international journals have recently publicised that Panama is one of the best places to retire