08/21/2015
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.
08/20/2015
The Cyprus Securities and Exchange Commission has recently issued guidance on what it considers to be significant Cyprus investment firms for regulatory purposes.
08/20/2015
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.
08/20/2015
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.
08/20/2015
The trial will determine whether the partners should be held responsible for their clients’ losses
08/18/2015
Senior Associate Ashley Fife examines options for restructuring and reshaping Trusts in Bermuda to enable trustees to adapt to unforeseen circumstances.
08/18/2015
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.
08/18/2015
Pua also contested Arul Kanda’s claim that Malaysia was “not a jungle” without laws
08/17/2015
The Maltese company and others involved in the ring then allegedly used that stolen information to trade securities and reap over US$100 million in unlawful profits.
08/17/2015
It will then be for the US authorities to state whether or not they agree to Nicaragua being given priority
08/14/2015
Guernsey's Court of Appeal has handed down a further judgment this week in the long-running litigation concerning the Tchenguiz Discretionary Trust (TDT).
08/13/2015
This case is being investigated by the FBI’s San Juan Division
08/12/2015
ARM was a securitisation vehicle based in Luxembourg which issued bonds and used the proceeds to invest in traded life assurance policies (also known as senior life settlement policies). ARM’s Bond Programme was registered with the Irish Stock Exch
08/11/2015
The debtors’ allegations in this regard are inflammatory and, in any event, are irrelevant to the matters before the court.
08/11/2015
Volaw’s presence in Cyprus is part of a growth strategy that has already seen the establishment of a presence in Zurich
08/11/2015
The JFSC had recently been made aware that CMIC is offering investment advice to Jersey residents through unsolicited telephone calls.
08/11/2015
The financing will facilitate the development of the company’s Wassa and Prestea underground mines located in Ghana.
08/11/2015
The merger and consolidation provisions adopted in the IBC and then carried into the BCA were similar to those then found in Delaware company law.
08/10/2015
The bank, whose debt had risen to $107 million with a daily interest of $20,000, is asking the Court of Appeal to quash the Commercial Court’s decision because it was defective.
08/10/2015
With this newsletter we would like to bring to your attention a number of international developments that are likely to be relevant for clients and their advisers alike.