Managers of Wealth Offshore

Caledonian creditors to receive payments

Those with deposits of $20K or less to get 100 percent

Maitland Intouch

We are pleased to present you with the July 2015 issue of Intouch

Mauritius FSC amends Fee System for Late Payments of Annual Fees – Effective from July 2015

On 24 July 2015, the Financial Services Commission (FSC) has amended the system of levying charges for late payment of annual fees by licensees under the Rule 8(4) of the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2008 and this

Asian Imports

First published in STEP Journal July 2015

UBS Too Dirty To sue Billionaire Offshore Tax Cheat, Judge Rules

Dunning shot down a malicious prosecution suit UBS and Birkenfeld had brought against real estate developer Olenicoff, Olen Properties, and an Olen lawyer, on the grounds that they themselves are too dirty to sue.

Appleby Advised CHINA ORIENT on HK$560m Loan Facility

Ample Mark also agreed to subscribe and pay for the Convertible Bonds issued by Skyfame in an aggregate principal amount of HK$40 million.

Baha Mar Issues Statement On CCA Press Release

CCA should be concerned. No matter how CCA tries to spin it and no matter how often it tries to deflect from its lack of responsibility, it cannot cover up the sad pattern of its failing to perform properly at Baha Mar and other important projects in The

Cyprus Funds

Cyprus administers all internationally recognized legal forms of both AIFs and UCITS funds, including Common Funds and Variable Capital Investment Companies

CIMA directors change in midst of 'internal review'

A shake-up in the Cayman Islands financial services industry regulator comes in the midst of an internal review that began earlier this year related to the involvement of local individuals and financial institutions in the ongoing FIFA corruption investig

Foreign criminals use London housing market to launder billions of pounds

Corporations, usually based in offshore tax havens, are sometimes used by buyers keen to hide ownership of assets, says National Crime Agency spokesman

Building The Chinese Century Hits A Wall At Baha Mar

Baha Mar chairman and CEO Sarkis Izmirlian tried for over a decade to develop a resort on a 1,000 acre parcel

Appleby Acts as Cayman Counsel on Four More HKEx Listings

Leading offshore law firm Appleby continues to demonstrate its strength in the capital markets practice, advising on four further listings on the Hong Kong Stock Exchange.

Removal of a protector after loss of trust and confidence

A protector should consider the viability of their position early in the face of hostile beneficiaries

British Virgin Islands started liquidation of Azerbaijani company

A first meeting of the creditors of the Company will be held a the offices of PricewaterhouseCoopers Ltd, British Virgin Islands on 30 July 2015 at 11:00am BVI time

With Offshore Accounts, Fifth Amendment Protections Don't Apply

You might think your bank records–especially foreign banks–are personal and confidential.

Cayman mutual funds: cancellation rule change By Kevin C Butler and Craig T Fulton

The Rule on Cancellation of Licence or Certificate of Registration of Regulated Mutual Funds sets out a prescribed timeframe in which mutual funds must apply to CIMA to cancel a licence or certificate of registration.

Banking Family Plans to File Suit Against Andorra

The Ciercos, who had 75 percent of the equity of Banca Privada d’Andorra, or B.P.A., said in a statement that their pending lawsuit would seek damages from Andorra for the “indiscriminate and unilateral expropriation” of the bank.

Fifa’s Jeffrey Webb secures $10m bond with 11 watches and wife’s wedding ring

Webb facing charges of conspiracy to defraud in Cayman Islands

Singapore freezes 1MDB-linked accounts

The company is under investigation by Malaysian authorities following reports of irregularities including fund transfers allegedly involving Prime Minister Najib Razak

Bermuda Legislation Amendments Aim to Meet European Standards Set for Alternative Investment Fund Managers

Bermuda has prepared amendments to its existing Investment Business Act to develop Alternative Investment Fund Managers Directive (AIFMD)-focused legislation designed to create an opt-in AIFMD platform.

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