Managers of Wealth Offshore

Cayman law associations endorse legal industry anti-corruption statement

The Cayman Islands legal professionis committed, alongside its colleagues in the UK, to fight against corruption in all forms.

Cayman Islands: Confidential Relationships Law to be repealed - Appleby

The Government of the Cayman Islands has this week gazetted a bill to repeal the statute that has frequently – and mistakenly – been described as Cayman’s banking secrecy law.

Notification Injunctions - a new tool for asset preservation? - Appleby

Plaintiffs often seek freezing orders to prevent defendants taking steps to thwart the enforcement of their judgments. However, a plaintiff can sometimes struggle to prove a real risk of dissipation or to provide very substantial security to fortify a cro

JERSEY: Correspondence With The UK Chancellor

A letter to the Chancellor of the Exchequer, George Osborne MP, sent on Monday 9 May, confirmed that Jersey would actively participate, as it had done in the past, in the work on the development and assessment of compliance of the standard.

Dollars stashed in Swiss banks reverberate in Senate

Dar says highlight of renegotiated treaty is replacement of Article 26 on exchange of information with a new one; exchange of tax info to help catch tax dodgers and corrupt

Navigating Cost Assessments - the BVI Commercial Judge offers Clarity on Recoverable Costs in the Commercial Division

On 29 April 2016, the Honourable Justice Barry Leon, the Commercial Court Judge in the BVI, handed down a detailed Judgment on the assessment of costs in the Commercial Division.

Ogier advises on “game changing” satellite acquisition

The transaction is subject to regulatory approvals. A registered Jersey company, O3b, described as a “unique, game changing global solution”, operates a constellation of 12 ‘High Throughput Satellites’ in a Medium Earth Orbit aroun

Russian Trust Bank’s $85 million claim against Edenbury trading ltd to be heard in July

Besides, on May 30 a court of appeals will examine a complaint submitted by a Cypriot frim TIB Investments Limited against a court ruling ordering it to pay 1,996 billion rubles (about $30.5 mln) in favor of the bank.

Panama-Style Offshore Services Touted on Darknet

Their purpose is clear: to allow individuals to operate outside their home countries, hide their real identities, and make funds inaccessible to tax agencies,” they explained.

Family offices, captives, trusts and Bermuda by Ashley Fife, Appleby

Bermuda captives are increasingly insuring reputational, regulatory, credit, terrorism, mergers and acquisitions, environmental, satellite technology, political and cyber security risks and funding employee benefits.

Mossack Fonseca to sue over Panama Papers leak

The law firm urged the ICIJ to cease and desist prior to the leak online, but it moved ahead with the release.

Cayman Islands Publishes Data Protection Bill

The Bill was developed in line with international best practices while ensuring that it reflects the specific needs of the Cayman Islands. It is based substantially on the Data Protection Act, 1998 of the United Kingdom.

The Rise of DIFC SPCs

A Special Purpose Company is one type of legal entity that may be incorporated under DIFC law and is similar in some respects to the ordinary DIFC company limited by shares

Trusts and Estates Lawyers Need To Manage The Client Experience To Build Exceptional Practices

Highly satisfied wealthy clients translate into returning to the attorney and the law firm for additional legal services and referring other people to the trusts and estates lawyer.

Ogier advises on US$100 million offer for global sports marketing and event management company

Commenting on Ogier’s involvement, partner Simon Schilder said: "We are delighted to be advising Atlantic again and look forward to assisting the company throughout the offer process towards a successful outcome.

Maples and Calder Recognised for Seven Airfinance Deal of the Year Awards

As a testament to the strong performance and unrivalled expertise of the Maples and Calder Finance practice, Airfinance Journal has recognised seven transactions on which the firm advised in 2015 for Deal of the Year awards.

Republic makes offer to buy out Grenada bank

In April 2006, it was renamed Republic Bank (Grenada) Ltd, in a move designed to unite the two banks and greater capitalise on competitive advantages from systems and processes alignment.

Appleby Counsel Speaks At Key Insurance Events

As a starting point, Samuel’s presentation provided a history and overview of the Cayman’s legal framework with emphasis on the cooperative efforts it has made to lead by example in the international financial community.

What happens in Panama stays in Panama? A short review of the law of confidence by Nigel Adams

The law of confidence exists in English law to protect confidential information from publication and/or other unauthorised use.

Hatstone News

This newsletter brings news from our three offices in Jersey, Panama and South Africa and announces our new office.

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