Managers of Wealth Offshore

Indian Court Allows Mauritius Treaty Benefits For Appellant

The case related to the sale of the shares of an Indian entity

Tax Whistleblower Receives $11.6 Million Dollar Award

The whistleblower’s work translated into tens of millions of dollars recovered by the US Treasury.

Appleby Advised Global Sources on its US$50M Cash Tender Offer

The Appleby team was led by Frances Woo

Guernsey Court of Appeal upholds finding of no gross negligence by Former Trustees of Tchenguiz Trust

The Court of Appeal also decided that a trustee was entitled to use trust property to discharge the loans regardless of whether an allegation of breach of trust against the trustee existed at that time, whether justified or otherwise.

Segregated portfolio companies

The Segregated Portfolio Company is a single legal entity within which may be established various segregated portfolios.

Ogier leads the way on CISE listings

The firm is the leading sponsor for SPVs, having listed 69 (as of 31 July 2015), the largest share of any Channel Island law firm.

Real estate bought with offshore cash raises money laundering concerns

Investigator says Canadian real estate market has developed reputation as a place to launder money

Bahamas megaresort liquidation ruling expected September 4

Winder heard submissions on Friday from James Corbett QC, who appeared on behalf of Baha Mar.

Significant changes to BVI Trade Mark laws from 1 September 2015

The current Trade Marks Act for the British Virgin Islands (BVI) will be repealed and replaced with a new Act and set of Rules on 1 September 2015.

Geneva prosecutor ends six-year Saad/Algosaibi probe with no further action

Court actions related to Sanea and his Saad Group and AHAB have taken place in a number of jurisdictions, including Saudi Arabia, Bahrain, Switzerland, and the Cayman Islands.

BVI'S legal and regulatory framework on tax transparency Highly rated by the OECD

We remain committed to engaging the OECD and our other international partners to help exceed and enhance international standards of tax transparency and regulation.

Luxury brand seeks to terminate agreement with bankrupt Bahamas megaresort

In addition, Baha Mar has incurred numerous defaults under the various Rosewood Hotel agreements, many of which are incurable.

Appleby Acted on HKEx listings for Foundation Companies Pak Wing & Wan Kei

Wan Kei Group raised approximately HK$170 million, and a majority of the net proceeds will be used for expansion of machinery and equipment, recruitment and repayment for certain outstanding finance leases.

Corporate governance of Cyprus investment firms

The Cyprus Securities and Exchange Commission has recently issued guidance on what it considers to be significant Cyprus investment firms for regulatory purposes.

Bank pays €22 mn for Luxembourg tax evasion activities

According to “Süddeutsche”, in addition to HSH Nordbank, HVB and Commerzbank, three further large financial institutions, two of them in state hands, are under investigation.

Sons of Indicted Swiss Financial Adviser Keep Business in Family

He is one of about 30 Swiss advisers who have been indicted in the U.S. since 2008, part of a broad probe of tax evasion and undeclared offshore accounts.

Five managers face Madoff-related criminal trial in October in Geneva

The trial will determine whether the partners should be held responsible for their clients’ losses

Bend Me Shape Me...Restructuring And reshaping trusts in bermuda by Ashley Fife

Senior Associate Ashley Fife examines options for restructuring and reshaping Trusts in Bermuda to enable trustees to adapt to unforeseen circumstances.

Jersey signs MoU with Denmark

The MoU provides a framework for the JFSC and Finanstilsynet to exchange confidential regulatory information and co-operate with each other regarding the supervision and regulation of firms under their respective authority.

Pua asks if 1MDB even knows how much ‘units’ in Singapore are still worth

Pua also contested Arul Kanda’s claim that Malaysia was “not a jungle” without laws

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