Managers of Wealth Offshore

GFSC signs MoU with Luxembourg

The MoU has been signed in the spirit of mutual cooperation and information exchange seen as crucial by the G20 countries and international standard setters for financial services supervisors.

OPG Luxembourg Court Accepted Kingstown's Request To Withdraw Its Former Legal Action

The legal action, filed on 19 February 2014, notably in connection with capital increase of CPI PROPERTY GROUP of 4 December 2013

A New Chapter in Directors’ Liability: Weavering v Peterson & Ekstrom Overturned on Appeal - Appleby

This decision has potentially far-reaching effects in relation to the pursuit of claims against directors. It is also likely to re-open debate as to what types of experience and competency independent non-executive directors should have, the level of deta

Argentina's tax office demands HSBC Swiss branch repatriate of 3bn dollars in undeclared accounts

HSBC’s Swiss branch must repatriate the 3 billion dollars deposited in the 4,040 undeclared accounts held by Argentine citizens and companies, Argentina's AFIP tax bureau chief Ricardo Echegaray announced.

Bahamas Central Bank Informs Public on Proposed Credit Reporting Bill

The Central Bank of The Bahamas in conjunction with Bahamas Development Bank and Bahamas Mortgage Corporation hosted an information session on the proposed Credit Reporting Bill 2014 and the Credit Reporting Regulations 2014 at Melia Nassau Beach Resort

Lessons From Delaware by Robert J.D. Briant

Delaware is the second smallest state in the United States of America. It is also the leading corporate domicile and company law jurisdiction.

Privy Council Guidance on Rectification of BVI Share Registers and Service Out - Conyers Dill & Pearman

In a recent opinion, the Privy Council has given definitive guidance on the operation of the statutory scheme in the British Virgin Islands (“BVI”) for the rectification of share registers, particularly in the context of applications to serve

Belgian judge withdraws arrest threat for HSBC directors

The Belgian judge has charged the HSBC unit with tax fraud and money laundering, accusing it of offering diamond dealers and other wealthy clients ways of hiding cash and evading tax.

Australian tax office has not prosecuted any HSBC Swiss account holders

Tax reform advocates say absence of prosecutions raises concerns there is not a strong enough deterrent for Australians who evade paying tax

Settlement reached in $41m debt owed by OR firm

But details of that settlement remain confidential, according to a terse, three-sentence news release from Greenlight Reinsurance Company, a firm based in the Cayman Islands.

Bahamas: Union Will Go To Court Over Pensions

Bahamas Communications and Public Managers Union officials yesterday said the union would take legal action against the Central Bank’s board of directors for “unilaterally” altering the terms of employment, causing the bank’s pensi

Carey Olsen leading offshore law firm in AIM rankings

The latest guide pushes Carey Olsen decisively up to second place overall based on the number of AIM clients it advises with 45.

Daughter of ex-China premier held millions in secret Swiss bank account

Li Xiaolin, daughter of a former Chinese premier known for his support of the bloody military crackdown on the 1989 democracy movement, held as much as $2.48 million in a secret HSBC account in Switzerland

SEC Goes After a Cayman Islands Bank

Cayman Islands-based Caledonian Bank and four other companies took more than $75 million from unregistered sales of "virtually worthless" penny stocks

HSBC Swiss files: leading Australian figures held offshore bank accounts

Prominent Australian political and business figures are among thousands of people identified as Swiss bank account holders

Senior promotions at Voisin in Jersey

Voisin law firm has made two senior internal promotions in Jersey

Notable Appleby Guernsey Corporate Insolvency Matters

Appleby's insolvency and restructuring team in Guernsey have been involved in a number of high value corporate insolvency matters in 2014.

Bedell Cristin Guernsey wins top captive award for third year

Bedell Cristin Guernsey has been named Offshore Law Firm of the Year in the UK Captive Services Awards 2015

Changes and appointments at Guernsey law firm

Guernsey law firm has made a number of appointments and changes to its team

Ogier appoints three new Partners and five Managing Associates

Ogier has appointed David Cooney and Bradley Kruger as Partners in the Cayman office and Michael Killourhy (pictured) as a Partner in the BVI office.