05/28/2015
Anti money laundering - Look through, behind and beyond: Seek and find the beneficial owner - a Luxembourg perspective
Several mechanisms and arrangements are available for someone who wants to conceal his involvement in a transaction.
Legal
05/27/2015
More Swiss banks to settle with U.S. Department of Justice in near future - official
The settlement came under a voluntary Justice Department programme launched in 2013 that enables Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income.
05/27/2015
Appleby Raises $15,400 for Nepal Victims
The funds raised by Appleby were donated to the Disaster Emergency Committee and the Bermuda Adara Group. Staff in The Seychelles donated money locally to the Red Cross and their affiliated church.
05/27/2015
Webb accused of taking $$millions in bribes
Webb is accused alongside other named and unnamed officials as taking millions of dollars in bribes and kickbacks and being involved in the laundering of the cash through Cayman-based firms and local banks.
05/24/2015
Dr M demands criminal probe after claiming 1MDB’s Cayman ‘cash’ cover-up
The former prime minister said the Finance Ministry’s confirmation that the sum was in assets directly contradicted Prime Minister Najib Razak’s previous parliamentary reply that 1MDB’s funds were brought back from the Cayman Islands and
05/22/2015
Global law firm to set up Bermuda office
The firm will also be expanding its global legal footprint to Bermuda, where it plans to open an office, becoming the first major international offshore firm to enter that market as a new entrant.
05/22/2015
Appleby Bermuda Advised Lexmark International in Acquisition of Kofax Limited
Tonesan Amissah commented: “It was a pleasure working with Lexmark on this merger transaction which will see Lexmark nearly double the size of its enterprise software business to an approximately $700 million business.”
05/22/2015
Appleby's aviation team to attend leading European Trade Convention
“The three-day conference and exhibition provides an invaluable opportunity to meet representatives from all aspects of the aviation industry, including major corporate aircraft manufacturers, international business leaders and government officials,
05/22/2015
Leading law firm launches global team providing offshore and legal advice relevant to tax
Having advised financial institutions, multinational corporates, funds and asset managers on offshore and legal advice relevant to tax for many years, the firm has now drawn together a team of partners with specific tax expertise.
05/22/2015
Cayman Islands: More promises for Legal Practitioners bill
Last year the Minister for Financial Services Hon Wayne Panton stated that the current law is outdated and is certainly not in tune with modern practice.
05/22/2015
New Start-Up Funds Products in the BVI: Incubator Fund and Approved Fund
The New Fund Regulations herald the introduction of two new, lightly regulated fund products which will appeal to start-up managers as they are fast and easy to set up
05/21/2015
Isle of Man Looks to Pull in the Crowds - Appleby
The Isle of Man Financial Supervision Commission (FSC) has issued a consultation in relation to proposals to create a specific regulatory regime to facilitate crowdfunding activity.
05/20/2015
The Cape Town Convention - Extension to the Cayman Islands
Accordingly, the Cayman Islands government has recently passed the International Interests In Mobile Equipment (Cape Town Convention) Law, 2015 which will only come into force once the Convention has been extended to the Cayman Islands.
05/20/2015
Bedell Cristin advises on Therium Capital Management fundraising
The fundraising is believed to be the largest single investment in litigation funding to date
05/19/2015
Appleby Welcomes America's Cup Trophy to Bermuda Office
Bermuda Office Managing Partner Kiernan Bell said: “We were thrilled to have the America’s Cup trophy visit our offices and to see in person the historic silver trophy which embodies the sport of sailing around the world.
05/19/2015
Corporate PE Structures by Kerri L. Lefebvre, Conyers Dill & Pearman
Thinking about the end at the beginning
05/19/2015
Multi-jurisdictional law firm appoints Group Partner
Mike brings with him many years’ experience in the Jersey legal and financial services industry.
05/18/2015
NEC lawyers in Dubai to file for return of funds
The Sunday Guardian learned that in 2011, the siphoning of funds was done using a procedure
05/18/2015
New Al Gosaibi debt deal offer 25 per cent higher than previous
The heavily indebted Al Gosaibi family of Saudi Arabia is pledging nearly all of its equity and property assets to creditors under the terms of a new offer in an attempt to settle a six-year dispute with international and regional banks.
05/17/2015
Offshore tax dodge case returns to haunt business secretary Javid
He was elected as Conservative MP for Bromsgrove in 2010