Managers of Wealth Offshore

Sanctions’ impact on Russian JVs and M&A

At first glance, restrictions imposed by the EU and US seem somewhat mechanical. But many questions arise when considered in the context of a transaction

Leading offshore legal and fiduciary services provider Scores Hat-Trick of Shortlistings in STEP Private Client Awards

The STEP Private Client Awards, now in their ninth year, highlight excellence among private client solicitors/attorneys, accountants, barristers, bankers, trust managers, and financial advisors. This year saw the highest number of entries yet, according t

Offshore Deferred Compensation Update by Withers

In light of this ruling, managers of offshore funds should now be able to defer certain forms of performance-based compensation without the fear of draconian US income tax consequences.

Mauritius: Govt. to set up office to investigate corruption

The Mauritian government is to set up a Serious Fraud Office for the investigation of corruption, money laundering and financial crimes.

Tiny Bahamas island in legal tussle

I'm a strong believer in the rule of law

Walkers Expands With Ten New Partners Across International Network

Promotions in core practice areas of Investment Funds, Finance and Insolvency.

Tax Ruling by the Mauritian Revenue Authority on Chargeable Interest Income

The Mauritius Income Tax Act 1995 (Income Tax Act) provides that “any person who derives or may derive any income may apply to the Director-General for a ruling as to the application of the Income Tax Act to that income”. One of the latest Inc

Senior promotions at offshore law firm

The law firm, which was recently awarded Offshore Law Firm of the Year at the 2014 Lawyer Awards ceremony, employs over 300 people, including 185 lawyers, across its offices in the British Virgin Islands, the Cayman Islands, Guernsey, Jersey, Cape Town a

Jackson v Dear et al - Derivative Claims in Guernsey - Mourant Ozannes

This article discusses the recent decision of the Guernsey Royal Court in Jackson v Dear, which provided clarity to derivative claims in the context of Guernsey company law.

Changes to the Cayman Islands Exempted Limited Partnership Law 2014

The ELP Law is a welcome addition to Cayman Islands legislation and will be of particular interest to the financial services industry.

More TIEAs: First Challenge under Judicial Review regime by Justin Harvey-Hills Mathew Cook, Mourant Ozannes

This case is the first appeal under the new 'Judicial Review' regime. Whilst the challenge failed, it raises some interesting questions for future challenges.

Private Equity Funds made easier in the Cayman Islands by Mourant Ozannes

The Cayman Islands has once again shown itself to be an innovative and responsive jurisdiction in terms of providing user-friendly and practical legislation. This will come as a welcome relief to an industry post-global financial crisis otherwise sufferin

The impact on a trustee of potential holding of criminal proceeds by Mourant Ozannes

This article looks at the implications for a trustee in Jersey faced with the difficult situation where it is suspected that trust assets may be, or indeed have been confirmed as being, the proceeds of crime and/or a civil fraud.

Jersey insolvency laws: ancient and modern

One particular criticism has been the lack of flexibility under the Jersey system

Cayman Islands: St-Cyr changes plea to guilty

The former founder and managing director of Cayman Islands-based Clover Asset Management, Eric St-Cyr, has pleaded guilty to charges that he conspired to launder the proceeds of a purported bank fraud.

Mourant Ozannes once again named one of the world’s top offshore law firms

Mourant Ozannes has won the accolade of Offshore Firm of the Year more times than any other firm, picking up the award three times since the category was launched in 2004.

Mourant Ozannes advises Emerald Technology Ventures in welcoming new investors

We are proud of our longstanding relationship with Emerald Technology Ventures

The British Crown Dependencies: Ready for Take Off! - Brian Johnson

Finance Offshore is designed to bring you up to date with latest changes to the law, trends and useful information in relation to the finance industry.

Withers appoints seven new international partners

Withers has announced the appointment of seven new partners across the firm's international offices and practice areas. The appointees' new roles took effect from 1 July 2014.

Will Hong Kong's New Companies Ordinance Affect the Use of BVI Companies? By John Melia, Partner and Group Head, Corporate & Commercial/Hong Kong, Appleby

Hong Kong's new Companies Ordinance came into force on 3 March, 2014, and is designed to modernise Hong Kong companies and make them easier to operate. Historically, certain aspects of the Hong Kong company law regime have encouraged the use of BVI c

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