01/05/2016
Saint Lucia Offers Citizenship to Wealthy Investors
The regulations require that applicants have a net worth of US$3 million.
Legal
01/04/2016
Former Catalan chief to go to court over alleged money laundering
The judge assumed jurisdiction in the case that was originally opened by a court in Barcelona against the couple and three of their children after the former Catalan leader in 2014 admitted publicly that had hidden a considerable amount of money in Andorr
01/04/2016
Permission possible for film tax probe
The evidence will be used in a case involving Frank Agrama, a film producer who is alleged to have been Berlusconi’s agent in the multimillion- euro scheme.
01/04/2016
HSBC's Swiss unit facing German tax probe -SonntagsZeitung
Lawyers for HSBC are negotiating with authorities for a settlement which should also include a solution for the employees
01/04/2016
Art dealer Wildenstein accused of huge French tax fraud
This “hidden” estate consisted of properties in New York and the Virgin Islands
12/31/2015
'World's most famous hacker' to speak in Cayman
Kevin Mitnick – often referred to as “the world’s most famous hacker” – is now a security consultant to Fortune 500 companies and governments worldwide.
12/30/2015
The Cayman Islands LLC is Coming
This paves the way for the introduction of a new type of corporate vehicle in the Cayman Islands: the Limited Liability Company (the “Cayman LLC”).
12/29/2015
Will the World's Costliest Resort Ever Open?
It was meant to be “the world’s glamorous, new playground.”
12/24/2015
CAYMAN ISLANDS: New Trade and Business Licensing Law
The Law now allows for revocation or refusal of a licence where a person is carrying on or intending to carry on trade
12/24/2015
MOrsel: Increase to Income Tax Instalment System (ITIS) rate
If you have any questions, do get in touch with your usual Jersey employment team contact.
12/24/2015
Changes to the BVI Eligible Introducer Regime and Public Filing of Registers of Directors - TMF
The British Virgin Islands (BVI) are a leading international finance centre; well known for complying with the highest international regulatory standards.
12/23/2015
Rights court rejects US client's case against UBS in tax probe
The case concerned a dual US and Saudi national living in Miami whose Swiss bank-account details were handed over to US tax authorities as part of its probe of UBS.
12/23/2015
Re PAC Limited (in official liquidation): how to empower Cayman liquidation committees
A Cayman Islands Grand Court ruling on 11 December 2015 serves as a reminder that this is incorrect.
12/23/2015
Brazil: Private Client, Family And Succession
Taxpayers interested in applying for RERCT must declare to Brazilian tax authorities the balance of assets they held on December 31, 2014, and pay applicable taxes and a fine.
12/22/2015
Jersey Residential Property Update | December 2015
The Appleby Property team has produced a number of articles for the local press in the past few months. In case you missed the articles first time around, this update provides a link to them. We hope you will find these articles interesting and informativ
12/22/2015
CAYMAN ISLANDS: Five foreign attorneys refused admission in AHAB litigation
Application highlights issues in Legal Practitioners Law
12/22/2015
Volaw chosen to administer Rasmala’s real estate structures
Rasmala is publicly quoted in the UK, authorised and regulated by the UK Financial Conduct Authority.
12/22/2015
Derivative Claims in the Cayman Islands
In this Briefing Note, we aim to provide a brief overview of the principles governing derivative and multiple derivative actions in the Cayman Islands.
12/22/2015
Grand Court Orders the Repayment of Redemption Monies: Preferences and Clawing Back Redemption Payments
Weavering Macro Fixed Income Fund (the Fund) was placed into liquidation in March 2009 after it was revealed that the Fund's main asset, being a basket of interest rate swaps entered into with a related entity, were worthless (the Swaps).
12/22/2015
Trusts Mistake Applications - Mourant Ozannes
On 16 December 2015, the Royal Court of Jersey handed down judgment in the cases of In Re the Matter of the Great Escape Trust and In Re the Matter of the Wentworth Trust.