11/25/2015
Deutsche Bank's Swiss Unit to Pay $31 Million in Tax Case
In 2001, Deutsche Bank Suisse entered into a Qualified Intermediary (QI) Agreement with the IRS.
11/25/2015
Swiss Bank Inks Tax Evasion Deal
Will pay a penalty of more than $7 million.
11/24/2015
Mourant Ozannes leads FTSE 250 relationships for offshore firms
The survey results have Mourant Ozannes ranked 17th overall.
11/23/2015
Irish titan Tony O’Reilly granted bankruptcy in the Bahamas
Former Irish billionaire Sir Anthony O’Reilly was declared bankrupt by the Supreme Court in the Bahamas.
11/23/2015
O’Reilly creditors likely to seek deal after Bahamas bankruptcy
Agreement on sale and division of assets appears possible with bulk of creditors
11/23/2015
Cayman Court of Appeal upholds validity of non-petition clause Harneys
In an important decision for the Cayman Islands funds and insolvency industries, the Court of Appeal has confirmed that provisions in investment agreements contracting out of the right to present winding up petitions are enforceable and not contrary to pu
11/23/2015
Swiss Bank Data Thief: ‘I’d Do It Again’
Switzerland has proposed easing bank-secrecy laws, allowing for more cooperation with foreign tax agencies—even where stolen information is involved
11/23/2015
Still no sanctions for breaking finance law
“We are amending selective sections of this law to fit our agenda,” Mr. Miller said.
11/20/2015
Mourant Ozannes has acted as Jersey legal adviser to the Aerium group in the sale of a significant commercial property portfolio worth £330 million.
11/20/2015
Exam success for Offshore law firm
The Jersey Law Exams are a challenging requirement for practising in the Island and balancing the demands of study and daily client work requires considerable commitment and focus.
11/20/2015
The seller was The Royal London Mutual Insurance Society Ltd.
11/20/2015
The notice alleges that Verdmont Capital S.A., an offshore securities dealer and broker in Panama, offered or solicited trades of securities without being registered in British Columbia.
11/20/2015
The recent decision in Re Harbinger Class PE Holdings (Cayman) Ltd confirms that the traditional “impossibility” test for loss of substratum will be applied in the context of a Cayman Islands company which is not an open-ended mutual fund.
11/19/2015
By the enactment of the Trustee Amendment Act 2014, the Bermuda legislature inserted a new section 47A into the Trustee Act 1975.
11/19/2015
The arm of the UK Government is likely to extend into offshore trusts where they contain UK tax paying beneficiaries. Whether or not this information will be linked at an EU level remains to be seen
11/19/2015
Hayden Isbister, partner at Mourant Ozannes in the Cayman Islands, gives the latest updates on hedge funds in the Caribbean.
11/18/2015
The implementation of BEPS - how it may all come together by Esther Geldenhuys
The Final Report on Action 15 explores the feasibility of developing a multilateral instrument that would have the same effect as a simultaneous renegotiation of thousands of bilateral tax treaties.
11/18/2015
Private Funds 2016: Analysis
Astleford has more than 25 years’ experience in advising fund managers, banks, brokers and corporates and is co-chair of the firm’s global financial services group and head of the group in Europe.
11/18/2015
On 29 October 2014, the government of the Cayman Islands signed the OECD sponsored Multilateral Competent Authority Agreement and made a commitment to implement the new common reporting standard on automatic exchange of information (CRS).
11/18/2015
Cayman Aircraft Registration Guide
Richard Munden and Elaine Kerr of Walkers provide a guide to the Cayman Islands Aircraft Registry.