Managers of Wealth Offshore

Hedge fund chief fights Canadian magnate in Bahamas battle

Bacon, the chairman and chief executive officer of Moore Capital Management LLC, wants more than a thousand hours of footage

EU implements new sanctions on Ukraine and Russia relevant to Cyprus, BVI and Cayman

As the crisis over Ukrainian sovereignty has deepened, notably following the crash of Malaysia Airlines Flight 17, the EU has sought to increase punitive measures on rebel groups within Ukraine and targets within Russia.

Collas Crill advises on £41.7 million share placement

The proceeds of the placing were used in the acquisition of two prestigious commercial properties in the Channel Islands: 40 Esplanade in St Helier, and Glategny Court in St Peter Port.

Cyprus: FBME Cards lays off staff

FBME Bank, was placed under administration by the Central Bank of Cyprus following allegations of money laundering by the US Treasury’s watchdog FinCEN unit.

PLC Multi-jurisdictional Guide – Public Mergers & Acquisitions 2014/2015

Mergers & Acquisitions

Protected Cell Companies in Guernsey by Carey Olsen

This briefing note describes the key features of a protected cell company and summarises the formation, structure and liquidation procedures particular to this type of company.

SEC Charges Bahamas-Based Brokerage Firm and President with Facilitating Fraudulent Scheme by Hedge Fund Manager

The Securities and Exchange Commission has charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the center of the scheme.

SEC Charges Former CEO of ConvergEx Subsidiary

Scheme that entailed concealing the practice of routing orders to an offshore affiliate in Bermuda to add mark-ups or mark-downs.

Carey Group Achieves a World First

Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.

Irish Collective Asset-management Vehicle Bill published

Initial industry feedback estimates that hundreds of ICAVs will be formed in the initial phases representing billions of euros. As a result, it will immediately become one of the most popular legal forms for Irish funds.

Ogier Legal advises on the launch of the €800 million Mid Europa Fund IV

Mid Europa Fund IV is a Guernsey authorised closed-ended investment scheme established primarily to make controlling investments in market leading companies in Central and Eastern Europe and Turkey (the Region).

Bermuda Legislation Clarifies Position Regarding Hastings Bass Applications by Appleby

Bermuda’s Trustee Amendment Act 2014 (Amendment Act), effective 29 July 2014, amends the Trustee Act 1975 to provide statutory force to the Court’s discretion to set aside a fiduciary’s exercise of a power where the exercise of that powe

Cayman Islands: Directors need to register

The deadline for registration is Thursday 4 September.

The Hedge Fund Manager On The FBI’s Most Wanted List

Artificially improve the performance of eight Cayman Islands-based hedge funds

New tax rules for loans taken out by UK resident non-domiciliaries by Withers

When a UK resident but non-domiciled individual taxed on the remittance basis takes out a loan, either in the UK or overseas, which is secured on foreign income and gains and brings the funds borrowed into the UK, there are two aspects of the loan which m

Four promotions at Ogier Legal

Ogier Legal has announced that four Channel Island based lawyers were promoted on 1 August as part of their continued investment in training and developing top quality lawyers.

Texas tycoons should pay $750 million for fraud, SEC tells judge

A federal jury found the Wylys liable for a system of offshore trusts in the Isle of Man that netted the brothers $553 million in profits through hidden trades between 1992 and 2004 in companies they controlled.

Jersey Finance - Russia Sanctions Statement

Jersey Finance says its members will comply fully with all the legal obligations placed upon the business community in its interactions with Russia.

Ex-UBS Banker Weil Seeks Video Testimony From Overseas

Former UBS AG banker Raoul Weil, accused of helping Americans evade taxes, may be allowed to call fellow bankers as witnesses to testify from overseas by video because they fear arrest if they travel to the U.S.

Completing the Puzzle: The Last Piece of Cayman’s FATCA Regime Falls into Place - Applby

The US IGA was just the first piece of the complex legislative process required to allow the Cayman Islands government and authorities to agree IGAs with other governments (a similar IGA was signed with the UK Government on 5 November 2013 (UK IGA)) and t