08/26/2014
Deutsche Bank offers ICBC executive a settlement deal
German lender tells ICBC banker it is suing over unapproved transfer to a relative's company that it will forgo the interest in the US$6.3m lawsuit
Legal
08/26/2014
The Privy Council Interprets Key Provisions of Mauritian Anti-Money Laundering Legislation - Appleby
Two issues arose before the Privy Council. First, the meaning of “lawful business activities” under section 5(2)(d) of the FIAMLA. Secondly, who had the onus of proving the application of the exemptions under section 5(2) of the FIAMLA.
08/26/2014
Ogier Legal Guernsey advises Burford Capital on $150 million Bond Issue
Payments in respect of the bonds are guaranteed by Burford Capital.
08/25/2014
Conyers advises Africa International Capital Ltd. on initial offering and listing on the BSX
Kieran Loughran and Veronica Strande of Conyers’ London office advised on the matter, working alongside listing sponsor Cohort Limited.
08/25/2014
Foreign Arbitration Award Sufficient Basis for a BVI Statutory Demand
The case concerned a monetary award made in an arbitration before the London Court of International Arbitration.
08/21/2014
Trinidad and Tobago: Govt moves to crack down on money laundering
Finance and the Economy Minister Larry Howai yesterday said to date there have been only four cases of money-laundering charges
08/21/2014
Introduction to the AML/CFT framework in Labuan IBFC by Jaffree Ismail, Director, Liaison and Special Projects, Labuan IBFC Inc
Though Labuan IBFC has specific Acts of Parliament to regulate its business activities, it is still an integral part of Malaysia's Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) framework.
08/21/2014
Bermuda - the premier choice for private equity and hybrid vehicles by Appleby
Bermuda’s strength and breadth of private equity service providers, together with its robust yet responsive legal and regulatory environment, make it a strong choice of jurisdiction for both private equity fund formations and for the selection of se
08/21/2014
Guernsey: Restrictive Covenants: It's All Down To The Drafting
We become involved in restrictive covenants, more often than not, only after the issue has become contentious. In the majority, these issues could have been avoided had enough thought been given at the beginning of the process. It really does come down to
08/19/2014
Bedell Cristin acts as Jersey counsel to Max Property Group Plc
The Bedell administration team in Jersey was led by Joseph Conway with assistance from Tara Dufty
08/19/2014
Osborne goes after offshore evaders
The penalties will be consulted on, but they could encompass an unlimited financial penalty or imprisonment.
08/19/2014
Ogier Corporate Services shortlisted for prestigious awards
Ogier Corporate Services has been shortlisted for two awards at the prestigious ICSA Jersey Awards 2014.
08/18/2014
Offshore company registrations on the rise
All three Crown Dependencies increased their incorporation activity in the second half of the year with new incorporations making up 8-9% of their local registers.
08/18/2014
Private detectives are investigating Cayman Islands links to the mysterious disappearance of a Canadian banker and his wife 20 years ago
Cayman may provide clues to couple missing since 1994
08/18/2014
AIFMD Depositary in practice, not just theory by Bedell Group
The Depositary is also required to risk assess the anticipated and ongoing activity of the AIF and will do this by reviewing inter alia the AIF's investment policy and related strategy (as set out in its offering documents),
08/17/2014
Trinidad and Tobago: Following is the full statement from the Central
The Governor and the Central Bank unreservedly respect and value the principles of freedom of the press, as enshrined in our Constitution.
08/14/2014
Toronto suspects sought in $7M investment fraud may have fled country
The Mounties allege the accused raised the money from investors through New Life Capital Corporation and affiliated firms, but that the cash was then transferred to their personal accounts in the Bahamas.
08/14/2014
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
08/14/2014
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.
08/14/2014
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.