Managers of Wealth Offshore

Former Bank of Commerce to make over 18 million dollars payout to former depositors; National Bank pays 6.5 million to shareholders

Between five and six thousand persons are expected to benefit from the payout.

Time is Marching on for CRS Deadlines

The new regulations take effect on 1 January 2016.

Court’s winding-up ruling on Hong Kong’s Yung Kee goose restaurant sends signal to offshore companies

Legal experts say court order for restaurant’s parent company based in British Virgin Islands could lead to resolution of more disputes in city

Bermuda: The New Perpetuities and Accumulations Amendment Act 2015

By Peter A.S. Pearman, Alec R. Anderson, Craig W. MacIntyre

Mourant Ozannes advises Granite Finance Trustees

The mortgage portfolio was held by the Jersey mortgages trustee and comprised performing and non-performing residential mortgages and unsecured loans from the legacy book of NRAM, the former Northern Rock mortgage business.

Fifa scandal: Large cash sums frozen by Switzerland

Fifty Swiss bank accounts allegedly linked to world football governing body Fifa have been frozen.

Hong Kong Court refused to make a grant of administration ad colligenda bona for lack of special circumstances and special justification

The application related to the interests of the deceased in a BVI company called Five Star. Five Star held a substantial number of shares in Paladin, a listed Hong Kong company, which in turn owned a valuable property on the Peak (Peak Property).

Continued Interest from Family Offices for Fiduciary Services

Richard Fagan, a director in Volaw’s Wealth Structuring Group, looks at the rise in popularity of family offices, and the services that Volaw can provide to them.

Common Reporting Standards Self-Certification Templates and Participating Jurisdiction list issued in the Cayman Islands

By Gene A. DaCosta, Jonathan R. McLean

High Court issues worldwide freezing order

The court was also not dissuaded from granting the injunction by the fact that the applicant companies were insolvent and the resulting weakness of their cross-undertakings in damages.

‘Judicial luminaries’ gather in Cayman to create model law

The draft model law will serve as a benchmark for Commonwealth jurisdictions to compare and improve their own practices.

International law firm expands London office

She joins the Firm as a Partner with over 18 years of experience, both in onshore and offshore legal settings, having most recently worked as a partner at a prominent offshore law firm.

Update: Cayman Islands Financial Account Reporting for Investment Funds

On 8 December 2015, the Cayman Islands Government issued an update that contains some important information for the managers, operators and administrators of Cayman Islands investment funds.

The Common Reporting Standard - Maitland

The Common Reporting Standard (CRS) is the standard for automatic exchange of financial account information developed by the OECD which provides for systematic and periodic automatic exchange of information between participating governments of informati

Court shuts Avestra schemes linked to 1MDB crisis

The report, compiled by Simon Wallace-Smith and Richard Hughes of Deloitte and released to The Australian by the court, also reveals that a Cayman Islands vehicle linked to the 1MDB scandal is the owner of the Avestra Credit Fund, which backed a takeover

Former Head of Offshore Brokerage Pleads Guilty to Conspiracy to Commit International Stock Fraud and Money Laundering Scams

Gallison admitted that he and others then “dumped” or sold the shares at the inflated prices and laundered proceeds through bank accounts in the United States and overseas.

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