11/30/2015
HSBC whistleblower given five years’ jail over biggest leak in banking history
Hervé Falciani sentenced in his absence for financial espionage by federal court for exposing wrongdoing at HSBC’s private Swiss bank
11/30/2015
Bermuda wins Solvency II equivalence - Appleby
This is hugely significant for Bermuda and means that Bermuda commercial (re)insurers and insurance groups supervised in Bermuda will not be at all disadvantaged in operating in Europe (or indeed elsewhere on the globe) when Solvency II takes effect on 1
11/27/2015
The British Virgin Islands Registry Offers Premium Services
These changes are very much welcome by industry and ensure that the British Virgin Islands remains the most favourable offshore incorporation jurisdiction by far.
11/27/2015
Mourant Ozannes advises Mimecast on its NASDAQ IPO
The Mourant Ozannes' team advising Mimecast was led by partner James Hill
11/26/2015
Cash flow is king in an insolvent trust says Jersey Royal Court - Appleby
In a recent judgement re the Z Trusts [2015] JRC196C from the Royal Court of Jersey it was held that the test for an insolvent trust is a cash flow test, rather than a balance sheet test.
11/26/2015
Bermuda Human Rights Act protects all employees when considering promotions - Appleby
A Supreme Court decision handed down on Monday is a stark reminder that employers should tread very carefully when promoting employees.
11/26/2015
Largest law firm in the world continues international expansion with Luxembourg tie-up
It has announced that it will further its leading presence in the world's top financial centers with a combination between Dentons Europe LLP and Luxembourg's OPF Partners.
11/26/2015
Tania Dons, partner at the Cayman Islands’ office spoke at the Cayman Finance inaugural members briefing as a director of Cayman Finance and the chair of the members committee thereof.
11/25/2015
Deutsche Bank's Swiss Unit to Pay $31 Million in Tax Case
In 2001, Deutsche Bank Suisse entered into a Qualified Intermediary (QI) Agreement with the IRS.
11/25/2015
Swiss Bank Inks Tax Evasion Deal
Will pay a penalty of more than $7 million.
11/24/2015
Mourant Ozannes leads FTSE 250 relationships for offshore firms
The survey results have Mourant Ozannes ranked 17th overall.
11/23/2015
Irish titan Tony O’Reilly granted bankruptcy in the Bahamas
Former Irish billionaire Sir Anthony O’Reilly was declared bankrupt by the Supreme Court in the Bahamas.
11/23/2015
O’Reilly creditors likely to seek deal after Bahamas bankruptcy
Agreement on sale and division of assets appears possible with bulk of creditors
11/23/2015
Cayman Court of Appeal upholds validity of non-petition clause Harneys
In an important decision for the Cayman Islands funds and insolvency industries, the Court of Appeal has confirmed that provisions in investment agreements contracting out of the right to present winding up petitions are enforceable and not contrary to pu
11/23/2015
Swiss Bank Data Thief: ‘I’d Do It Again’
Switzerland has proposed easing bank-secrecy laws, allowing for more cooperation with foreign tax agencies—even where stolen information is involved
11/23/2015
Still no sanctions for breaking finance law
“We are amending selective sections of this law to fit our agenda,” Mr. Miller said.
11/20/2015
Mourant Ozannes has acted as Jersey legal adviser to the Aerium group in the sale of a significant commercial property portfolio worth £330 million.
11/20/2015
Exam success for Offshore law firm
The Jersey Law Exams are a challenging requirement for practising in the Island and balancing the demands of study and daily client work requires considerable commitment and focus.
11/20/2015
The seller was The Royal London Mutual Insurance Society Ltd.
11/20/2015
The notice alleges that Verdmont Capital S.A., an offshore securities dealer and broker in Panama, offered or solicited trades of securities without being registered in British Columbia.