07/13/2015
The Swiss Leaks
Bill Whitaker investigates the biggest leak in Swiss banking history and examines HSBC's business dealings with a collection of international outlaws
Legal
07/12/2015
Beanie Baby Maker’s Probation Sentence Upheld in Tax Case
The district judge found Warner’s record of charity and benevolence ‘overwhelming
07/12/2015
Former FIFA Vice President Jeffrey Webb Agrees to Extradition to U.S.
Webb has been in Swiss custody but would be transported to the U.S. in the next 10 days
07/12/2015
Developer of Bahamas resort accuses Chinese of sabotage, fraud
Baha Mar Ltd, the project's developer, detailed its allegations in court filings on Thursday as part of its bankruptcy case.
07/12/2015
Mourant Ozannes advises on Pershing Square Holdings, Ltd.'s closing of US$1 billion Senior Notes Offering
The net proceeds from the offering of the Notes are expected to be used to make investments or hold assets in accordance with PSH’s investment policy, including by way of rebalancing transactions with other funds managed by Pershing Square Capital M
07/10/2015
Creditor Protections To Make Bahamas ‘More Favourable’ To Investors
The restructuring plan must be approved by the court, and creditors have the opportunity to oppose it and submit their own alternative reorganisations.
07/10/2015
Finance Offshore | Q2 2015
The Corporate Collateral Package in Subscription Credit Facilities: A Square Peg in a Round Hole
07/09/2015
Lawyer Suggests Resort Could Have Restructured Under Bahamian Law
He suggested that Baha Mar could have filed a petition to restructure its affairs in the Supreme Court under the International Business Companies Act.
07/09/2015
Guernsey to update Companies Law
A number of technical amendments to the companies laws are anticipated to be passed by Guernsey's government in July 2015.
07/09/2015
Merger announced between David Benest Law and Hanson Renouf
Law firms David Benest Law and Hanson Renouf are to join forces from 1st January 2016.
07/08/2015
Senior Lawyer And Private Client Expert Join Praxisifm
The company, which is one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands, has made the appointments to strengthen its senior management team.
07/08/2015
Trust expert David Dorgan joins Appleby
Firm appoints David Dorgan as a Partner within its Channel Islands Private Client & Trust Group
07/07/2015
The US voluntary disclosure landscape has changed dramatically over the last 12 months
Under the Programs, a penalty was initially imposed that was calculated at 20% of the previously non-disclosed financial account balances
07/07/2015
The BVI restricted purposes company
To this end, the BVI has introduced a unique and innovative vehicle
07/07/2015
Jersey financier struck off
A senior Jersey Trust company worker has been banned from working in the finance industry after an investigation found she had breached the codes of conduct for practising finance in the island.
07/06/2015
Law firm 'kept £7m in an offshore bank account for a Northern Irish politician' following a major property deal, claims MP
A Belfast law firm set aside £7m in an off shore bank account ‘for a Northern Irish politician’ following a major property deal, it has been claimed.
07/06/2015
Tunisia seeks to block HSBC settlement in Geneva - paper
The bank said at the time that no criminal charges would be filed and that neither the bank nor its employees were suspected of any current criminal offences.
07/05/2015
The door for migrating Jersey Foundations is now open
Collas Crill is regarded as one of the leading firms for Foundations work across the Channel Islands in both the private wealth and philanthropic space.
07/05/2015
Cayman Islands FATCA Guidance Notes v2.1 Issued
The main update changes contained in the Guidance Notes are set out in the Industry Advisory and include clarification on matters such as nil returns and private trust companies.
07/03/2015
Trusts on divorce - how relevant are settlors' powers and wishes?
Conscious of this issue, and its importance in attracting international trust business, Bermuda has moved to more clearly define its position