Managers of Wealth Offshore

‘Criminal inquiry’ into Brazil’s national football coach

The income was allegedly deposited in offshore accounts.

Guernsey introduces LLPs

Guernsey has expanded the range of structures available from the jurisdiction by introducing Limited Liability Partnerships

Carey Olsen advises on $40m NASDAQ IPO

Carey Olsen has advised Jersey-registered company Quotient Limited on its initial public offering in the US which raised approximately $40 million by the issue of new shares on NASDAQ.

Sam and Charles Wyly Found Liable In Civil Fraud Case

The wealthy Wyly brothers committed civil fraud using a complex web of offshore trusts to hide stock sales and reap $550 million in profits.

Carey Olsen boosts Cayman litigation practice with senior hire

Jan Golaszewski has joined Carey Olsen's Cayman Islands office as counsel in the dispute resolution and litigation department.

Leading offshore law firm achieves top rankings

The firm has achieved top rankings in the latest edition of one the industry's most prestigious directories

Law Society of Jersey appoints Mourant Ozannes’ Jonathan Speck as president

He is well known for his litigation work in high-value and complex trust disputes in Jersey

Irish High Court Affords Investor Proprietary Claim Against Firm - Maples and Calder

The Irish High Court held that monies held on account by Custom House Capital Limited prior to its winding up were held on trust for one of its clients.

The End of the Fairfield Clawback Claims? - Maples and Calder

The liquidators of the Madoff-exposed Fairfield funds began their seemingly endless slew of clawback litigation in the British Virgin Islands and elsewhere in 2009, with the majority of the claims being issued by Fairfield Sentry

Leading Isle of Man law firm appoints new Head of Regulatory & Compliance Services

He joins from KPMG Isle of Man where she led the risk consulting business unit.

Cross-border Comity at the Court of Appeal – the Picard v Primeo Decision - Maples and Calder

The Court of Appeal has given a broad interpretation to the meaning of making ancillary orders for the purpose of ordering the turnover of property to a foreign representative.

Cayman Islands: New Third Party Rights Legislation in the Cayman Islands - Maples and Calder

The Law confers on third parties a statutory right of direct enforcement of contractual obligations contained in contracts to which they are not a party.

Law firm promotes island in the Big Apple

The general mood among the speakers and delegates was that the increased transparency created by FATCA

Cayman mulls law to protect whistleblowers

A new law recently proposed in the Cayman Islands would protect whistleblowers who report acts of wrongdoing in the private and public sectors.

Appleby Advised Shanghai Zendai’s Disposal of Richtex and Long Profit Transactions

First, Appleby advised Shanghai Zendai in the disposal of 20% of shares of Richtex Holdings Limited (Richtex), a BVI company, for a consideration of RMB 200 million.

Wyly Brothers Used Trusts to Evade Law, Jurors Told

Samuel and Charles Wyly used a labyrinth of offshore trusts to hide their share holdings from the U.S. Securities and Exchange Commission and evade trading limits on corporate insiders

Cayman Islands: Court Clarifies Treatment of Foreign Tax Liabilities in Bankruptcy - Maples and Calder

The Grand Court found that sufficient reasons had been established to exercise its discretion and made the bankruptcy orders and appointed a trustee in bankruptcy.

Anti-Bribery Update: so a policy and a gifts register isn’t enough? - Dougherty Quinn

The conversation usually starts with a request to write or review an anti-bribery policy with often the additional question of what limit should be set for gifts and entertainment to be recorded in the gifts register.

Bermuda Supreme Court: Act Provides Basis for PRC Holder to Apply for Bermudian Status

The Supreme Court of Bermuda handed down a decision on 2 May 2014 which has ramifications for PRC holders who were ordinarily resident in Bermuda on 31 July 1989.

Conyers advises Agile Property Holdings Limited on the restructuring and re-registration of its Gulfstream 550 aircraft

Paul Lim of Conyers’ Hong Kong office advised on the matter, working alongside Clyde & Co.

Legal