07/24/2015
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
Legal
07/24/2015
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
07/23/2015
With Offshore Accounts, Fifth Amendment Protections Don't Apply
You might think your bank records–especially foreign banks–are personal and confidential.
07/23/2015
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.
07/23/2015
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.
07/22/2015
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
07/22/2015
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
07/21/2015
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.
07/21/2015
Appleby Advised Chia Tai Enterprises on its Spin-Off and Listing
The spin-off structure featured a Bermuda company listing two classes of shares, an innovative approach on the Hong Kong Stock Exchange.
07/21/2015
Hanson Renouf is shortlisted for three Citywealth Awards
We are very delighted to announce that Hanson Renouf has been shortlisted in the Citywealth IFC Awards as Boutique Law Firm of the Year.
07/21/2015
BVI and Cayman insolvency law – a comparison
In the case of the BVI and Cayman Islands, the two most popular offshore jurisdictions, there are certain differences of terminology between the two jurisdictions
07/21/2015
Jersey Expert Funds - Ogier
Since Expert Funds are already required to be regulated under the CIF Law and their service providers are required to be regulated under the FSJ Law
07/21/2015
Investor Control Dooms Private Placement Life Insurance Policy In Webber
Webber settled an Alaska Trust, taxed to Webber as a grantor trust.
07/21/2015
Four in five accountants leaving clients in dark over LDF
Just 19% of accountants have informed their clients about the Liechtenstein Disclosure Facility despite the beneficial programme being withdrawn in December, a survey has revealed.
07/21/2015
Voluntary disclosure programmes - Private foundations: The problem stated - Withers
A substantial number of cases involve private foundations, typically legacy structures based in Liechtenstein and Panama.
07/21/2015
Ogier private client specialist is 2016 Power Women finalist
Citywealth’s Power Women Awards 2016 recognise individuals and companies who maximise the potential of women in wealth.
07/20/2015
Collas Crill recognised by Citywealth
Collas Crill has been recognised in the 2015 Citywealth Leaders List and has also been nominated in the Citywealth International Financial Centre Awards for 2016.
07/20/2015
Reorganisation of Santander Private Banking in Jersey - Appleby Completes a Hat-trick of Banking Transfers
The Banking Business (Jersey) Law 1991 (Banking Law) allows Jersey banking business (technically deposit-taking business) to be transferred from one licensed bank to another by means of a court-sanctioned scheme.
07/17/2015
Appleby Successfully Enforces an English Judgment Before the Supreme Court of Mauritius
The decision of the Supreme Court in Dallah augurs well for the future in four respects.
07/17/2015
Schroder Cayman Bank and Trust Co Ltd v Schroder Trust AG
In separate proceedings in Jersey, the Jersey court granted recognition of the decision of the Cayman Islands court.