Managers of Wealth Offshore

Cayman Islands Court of Appeal rules on rights of non-registered investors to enforce shareholder rights

As is common in the Cayman Islands, the shares in question were held by a custodian.

U.S. Department of Justice States its Tax Enforcement Priorities

In her recent testimony before Congress Caroline Ciraolo Acting Assistant Attorney General stated the enforcement priorities for the Tax Division. Among the four areas of focus is Offshore Tax Evasion.

Bahamas Banker Collected $250k Fifa Bribe Cheque

The unnamed CIBC FirstCaribbean International executive collected the cheque from disgraced American soccer official, Chuck Blazer, court documents allege.

The Basis for Cyprus Trust Popularity for Asset Protection

In emerging economies, there tends to be poor institutional environments characterized by corruption, regulatory uncertainty, underdeveloped intellectual property rights protection and governmental interference.

Isle of Man Launches Insurance SPV Framework - Appleby

The new ISPV regime will provide an expeditious and transparent authorisation process, simple and proportionate on-going regulatory requirements and cost-effective operating environment, all from a convenient European time-zone.

FIFA arrests put Cayman in the international media spotlight

The Cayman Islands is thrust into the international spotlight as the son of the soil was among those arrested amid corruption allegations within FIFA

Jersey couples need to understand what can happen financially when a relationship breaks down

Many Jersey couples probably aren’t aware that common law marriage is not recognised by the Courts, and are risking entitlements to assets if the relationship breaks down, says Appleby Partner and Family Law expert, Victoria Myerson.

Anti money laundering - Look through, behind and beyond: Seek and find the beneficial owner - a Luxembourg perspective

Several mechanisms and arrangements are available for someone who wants to conceal his involvement in a transaction.

More Swiss banks to settle with U.S. Department of Justice in near future - official

The settlement came under a voluntary Justice Department programme launched in 2013 that enables Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income.

Appleby Raises $15,400 for Nepal Victims

The funds raised by Appleby were donated to the Disaster Emergency Committee and the Bermuda Adara Group. Staff in The Seychelles donated money locally to the Red Cross and their affiliated church.

Webb accused of taking $$millions in bribes

Webb is accused alongside other named and unnamed officials as taking millions of dollars in bribes and kickbacks and being involved in the laundering of the cash through Cayman-based firms and local banks.

Dr M demands criminal probe after claiming 1MDB’s Cayman ‘cash’ cover-up

The former prime minister said the Finance Ministry’s confirmation that the sum was in assets directly contradicted Prime Minister Najib Razak’s previous parliamentary reply that 1MDB’s funds were brought back from the Cayman Islands and

Global law firm to set up Bermuda office

The firm will also be expanding its global legal footprint to Bermuda, where it plans to open an office, becoming the first major international offshore firm to enter that market as a new entrant.

Appleby Bermuda Advised Lexmark International in Acquisition of Kofax Limited

Tonesan Amissah commented: “It was a pleasure working with Lexmark on this merger transaction which will see Lexmark nearly double the size of its enterprise software business to an approximately $700 million business.”

Appleby's aviation team to attend leading European Trade Convention

“The three-day conference and exhibition provides an invaluable opportunity to meet representatives from all aspects of the aviation industry, including major corporate aircraft manufacturers, international business leaders and government officials,

Leading law firm launches global team providing offshore and legal advice relevant to tax

Having advised financial institutions, multinational corporates, funds and asset managers on offshore and legal advice relevant to tax for many years, the firm has now drawn together a team of partners with specific tax expertise.

Cayman Islands: More promises for Legal Practitioners bill

Last year the Minister for Financial Services Hon Wayne Panton stated that the current law is outdated and is certainly not in tune with modern practice.

New Start-Up Funds Products in the BVI: Incubator Fund and Approved Fund

The New Fund Regulations herald the introduction of two new, lightly regulated fund products which will appeal to start-up managers as they are fast and easy to set up

Isle of Man Looks to Pull in the Crowds - Appleby

The Isle of Man Financial Supervision Commission (FSC) has issued a consultation in relation to proposals to create a specific regulatory regime to facilitate crowdfunding activity.

The Cape Town Convention - Extension to the Cayman Islands

Accordingly, the Cayman Islands government has recently passed the International Interests In Mobile Equipment (Cape Town Convention) Law, 2015 which will only come into force once the Convention has been extended to the Cayman Islands.