02/05/2016
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
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
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
02/01/2016
Welcome to the fourth annual issue of Appleby’s round-up of significant decisions of the courts over the course of the preceding calendar year. It is compiled by members of our Dispute Resolution Group in Bermuda, the British Virgin Islands, the Cay
02/01/2016
It is hoped that Ms Huang's visit will be the first in an ongoing programme between Guernsey law firms and ECUPL students.
01/29/2016
The IRS is suing to recover unpaid taxes, interest and penalties on money held in offshore trusts from 1992 to 2013
01/28/2016
Appleby has become the latest sponsor and supporter of the Board Apprentice scheme. As Legal Partner, Appleby will be providing legal training to the Board Apprentices.
01/28/2016
Choice of former IMF official to head anti-money-laundering unit stirs criticism
01/27/2016
It is a key tenet of planning law, as reflected in the Planning and Building (Jersey) Law 2002 (the Planning Law), that a material change of use of land requires planning permission.