Managers of Wealth Offshore

Mourant Ozannes advises on purchase of controlling stake in O3b Networks

The Mourant Ozannes team advising O3b Networks was led by Partner James Hill and Counsel Jon Woolrich.

Insolvency Petitions Down In Most Offshore Jurisdictions - Appleby

When looking at the offshore jurisdictions as a whole, the broadly flat figures recorded for 2015 reflect a continuing levelling off in the number of filings since the high point of 2013.

Benefits of using Cyprus based companies to invest in Iran - Harneys

On January 16 2016 the European Union implemented the Joint Comprehensive Plan of Action, which scaled back sanctions on Iran and marked the country's return to international capital (and other) markets. Investment in Iran through Cyprus-based compan

CRS and Beneficial Ownership - Withers

In today’s difficult economic climate, countries need more than ever to ensure that they collect all the tax revenues that are due to them in order to fund public expenditure and reduce public debt. The arrival of new technologies has made it easier

Flocker And Camelia: “Nothing Illegal About Panama Papers”

The Panama Papers is the name of a large collection of confidential documents from the Panamanian legal and business services Mossack Fonseca, which was leaked.

Panama says tax evasion ‘not a crime’ there, offers to help India

“Panama is committed to cooperate and exchange of information but these can be only on bilateral terms,” Navarro said during an interaction here adding “the country which takes the information should be prepared to take it and use it acc

A Summary of the Features of Bermuda Trusts by Ashley Fife, Senior Associate, Appleby

Bermuda law provides its courts the power to vary beneficial interests and administrative powers of trusts where it is in the interests of the beneficiaries to do so.

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Cayman Islands: Confidential Relationships Law to be repealed - Appleby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

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