11/20/2015
The recent decision in Re Harbinger Class PE Holdings (Cayman) Ltd confirms that the traditional “impossibility” test for loss of substratum will be applied in the context of a Cayman Islands company which is not an open-ended mutual fund.
11/19/2015
By the enactment of the Trustee Amendment Act 2014, the Bermuda legislature inserted a new section 47A into the Trustee Act 1975.
11/19/2015
The arm of the UK Government is likely to extend into offshore trusts where they contain UK tax paying beneficiaries. Whether or not this information will be linked at an EU level remains to be seen
11/19/2015
Hayden Isbister, partner at Mourant Ozannes in the Cayman Islands, gives the latest updates on hedge funds in the Caribbean.
11/18/2015
The implementation of BEPS - how it may all come together by Esther Geldenhuys
The Final Report on Action 15 explores the feasibility of developing a multilateral instrument that would have the same effect as a simultaneous renegotiation of thousands of bilateral tax treaties.
11/18/2015
Private Funds 2016: Analysis
Astleford has more than 25 years’ experience in advising fund managers, banks, brokers and corporates and is co-chair of the firm’s global financial services group and head of the group in Europe.
11/18/2015
On 29 October 2014, the government of the Cayman Islands signed the OECD sponsored Multilateral Competent Authority Agreement and made a commitment to implement the new common reporting standard on automatic exchange of information (CRS).
11/18/2015
Cayman Aircraft Registration Guide
Richard Munden and Elaine Kerr of Walkers provide a guide to the Cayman Islands Aircraft Registry.
11/17/2015
Refining the Gold Standard: Changes Proposed to the BVI Business Companies Act
The Government of the British Virgin Islands has introduced proposed changes to the BVI Business Companies Act.
11/17/2015
Trust And Foundation Information In Asia - Appleby
Significant economic growth in Asia has contributed to a meteoric rise of high net worth individuals in the region and private wealth is also expected to almost double in value reaching USD61 trillion by 2018.
11/17/2015
The SEC alleges that Jammin Java’s former CEO Shane Whittle orchestrated the scheme with three others who live abroad and operate entities offshore.
11/16/2015
Avestra paid millions to Cayman Island company, court told
Troubled Australian fund manager Avestra sent millions of dollars to a Cayman Island entity linked with scandal-plagued Malaysian sovereign wealth fund 1MDB at the expense of retail investors, a court has heard.
11/16/2015
And we expect it to be made imminently.
11/16/2015
In a significant decision, the Cayman Islands Grand Court on 10 November 2015 handed down an important judgment in Re Harbinger Class PE Holdings (Cayman) Limited, dismissing a winding-up petition presented on grounds of loss of substratum.
11/16/2015
In total, Alstom paid more than US$75 million to secure more than $4 billion in projects around the world, with a profit to the company of approximately US$300 million.
11/13/2015
This is a milestone decision for shareholders seeking to wind up foreign parent companies with management from and/or assets indirectly held in Hong Kong.
11/13/2015
Primeo Fund, which is in official liquidation has sued Bank of Bermuda and HSBC Securities Services Luxengourg as first and second defendants respectively.
11/13/2015
The company’s investments will be largely UK-based, medium-to-long-term fixed or floating rate loans secured against cash flows and/or physical assets; its objective is to generate attractive risk-adjusted returns primarily through regular, growing
11/13/2015
Partner Marcus Leese said: “This consistent recognition is great news for the team. It means the quality of our work is really standing out for clients, and in the market in general.”
11/13/2015
Are you an Administrator or Trustee of an offshore structure which owns a company incorporated in the United Kingdom (UK)?