11/21/2014
$121m sent offshore after Astarra custodians exit
ANZ removed itself as one of the gatekeepers of Trio Capital's fund in February 2009 and was replaced by National Australia Trustees Ltd
Legal
11/21/2014
Cayman Islands: Banned FIFA official charged with fraud, money-laundering
The 43-year-old is due in Summary Court on Tuesday and the commission added "it is anticipated further charges will follow".
11/21/2014
Elian group director named in eprivateclient’s ’50 Most Influential’ list
Elian group director, Philip Le Cornu, has been included in eprivateclient’s ‘50 Most Influential’ list for the fourth time.
11/21/2014
Marrache liquidators sue Baker Tilly for £28m in bid to recoup lost client funds
The liquidators of Gibraltar firm Marrache & Co are suing the local branch of accountancy firm Baker Tilly for negligence, breach of duty, conspiracy and dishonest assistance for audit advice given prior to Marrache’s collapse in 2010.
11/21/2014
Cayman Islands Financial Account Reporting for Investment Funds – What Must Be Done, By When?
The Cayman Islands currently has in place an intergovernmental agreement (IGA) with each of the United States and the United Kingdom and has passed domestic legislation to make compliance with the IGAs a matter of Cayman Islands law (Cayman FATCA).
11/20/2014
'Anti-offshore' law to bring billions back to Russian economy
Russia’s upper house of parliament has approved an “anti-offshore” law requiring individual and corporate taxpayers to report foreign profits.
11/20/2014
Top Tier Rankings For Conyers Dill & Pearman
One of the Island’s leading law firms has been recognized with top-tier rankings in two prestigious industry publications.
11/20/2014
Cayman Islands: Freezing orders and other relief in aid of foreign proceedings now permitted in the Cayman Islands
The Grand Court (Amendment) Law, 2014 (Amendment) will come into force on 24 November 2014.
11/20/2014
Appleby Finance Offshore Q4 2014
Welcome to the latest Offshore Finance. Our newsletter is designed to bring you up to date with latest changes to...
11/20/2014
Long-overdue Changes to the Companies (Jersey) Law 1991 by Tom Fothergill, Appleby
Until now, barely a week could go by for finance lawyers and trust company directors in Jersey without someone entering...
11/20/2014
Why Offshore Corporate Structuring Needs to be on the Agenda by Oliver Lawson, Appleby
From the fast paced and cash constrained environment of start-ups to the expansion challenges experienced by more established growth companies,...
11/20/2014
BVI's FATCA implementation continues by Ross Munro, Harneys
The Minister is expected to make further Orders providing further details of the reporting regime in the near future.
11/19/2014
More Madoff money brings total to $10.3 billion going back to investors
Trustee Irving Picard on Monday announced a settlement with two “feeder funds” that are being liquidated in the Cayman Islands.
11/19/2014
Guernsey's insolvency regime set to reform
On 24 October 2014, the Commerce & Employment department published its consultation paper on various options for reforming Guernsey’s insolvency regime, both for personal and corporate insolvency.
11/18/2014
Useful guidance on the Bermudan courts' approach to assisting foreign liquidators
In view of this limited disclosure, the liquidators tried to invoke the jurisdiction of section 195 of the Companies Act 1981 in Bermuda
11/18/2014
Bahamas Attorney General Addresses Financial Services Industry Excellence Awards Ceremony
AG Says Expertise, Efficiency & Excellence Key to Financial Services Expansion
11/18/2014
Misconceived Clawback Claims by Liquidators - Conyers Dill & Pearman
There has been a notion floating around the offices of Cayman Islands liquidators that a redeeming investor from a fund is liable to have its redemptions clawed back in favour of the estate in circumstances where it is subsequently shown that the fund was
11/18/2014
Leading offshore law firm makes senior promotions in the Cayman Islands
The litigation team across the Cayman Islands, Guernsey and Jersey advises clients on the full spectrum of advisory, semi-contentious and contentious work.
11/17/2014
Bhutto’s jewellery to remain in Switzerland
The money was allegedly deposited in Swiss banks, and accounts belonging to Bhutto and her husband were frozen following an official Pakistani request in 1997.
11/17/2014
Businesswoman contests release of Cayman bank records
A high-profile businesswoman accused of using Cayman Islands bank accounts to dodge more than $7 million in taxes is seeking to challenge the use of information obtained by the U.S. Internal Revenue Service through a tax information exchange request.