Managers of Wealth Offshore

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.

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

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),

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.

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.

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

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.

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.

Cyprus: FBME Cards lays off staff

FBME Bank, was placed under administration by the Central Bank of Cyprus following allegations of money laundering by the US Treasury’s watchdog FinCEN unit.

PLC Multi-jurisdictional Guide – Public Mergers & Acquisitions 2014/2015

Mergers & Acquisitions

Protected Cell Companies in Guernsey by Carey Olsen

This briefing note describes the key features of a protected cell company and summarises the formation, structure and liquidation procedures particular to this type of company.

SEC Charges Bahamas-Based Brokerage Firm and President with Facilitating Fraudulent Scheme by Hedge Fund Manager

The Securities and Exchange Commission has charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the center of the scheme.

SEC Charges Former CEO of ConvergEx Subsidiary

Scheme that entailed concealing the practice of routing orders to an offshore affiliate in Bermuda to add mark-ups or mark-downs.

Carey Group Achieves a World First

Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.

Irish Collective Asset-management Vehicle Bill published

Initial industry feedback estimates that hundreds of ICAVs will be formed in the initial phases representing billions of euros. As a result, it will immediately become one of the most popular legal forms for Irish funds.

Ogier Legal advises on the launch of the €800 million Mid Europa Fund IV

Mid Europa Fund IV is a Guernsey authorised closed-ended investment scheme established primarily to make controlling investments in market leading companies in Central and Eastern Europe and Turkey (the Region).

Bermuda Legislation Clarifies Position Regarding Hastings Bass Applications by Appleby

Bermuda’s Trustee Amendment Act 2014 (Amendment Act), effective 29 July 2014, amends the Trustee Act 1975 to provide statutory force to the Court’s discretion to set aside a fiduciary’s exercise of a power where the exercise of that powe

Cayman Islands: Directors need to register

The deadline for registration is Thursday 4 September.

The Hedge Fund Manager On The FBI’s Most Wanted List

Artificially improve the performance of eight Cayman Islands-based hedge funds

New tax rules for loans taken out by UK resident non-domiciliaries by Withers

When a UK resident but non-domiciled individual taxed on the remittance basis takes out a loan, either in the UK or overseas, which is secured on foreign income and gains and brings the funds borrowed into the UK, there are two aspects of the loan which m