05/14/2014
Gibraltar Residents Amongst 50,000 Madoff Claims
Gibraltar was listed amongst the countries where claims emanated against the Madoff scam. Richard C. Breeden, the Special Master on behalf of the U.S. Department of Justice administering the Madoff Victim Fund yesterday announced preliminary results for t
05/14/2014
‘Criminal inquiry’ into Brazil’s national football coach
The income was allegedly deposited in offshore accounts.
05/13/2014
Guernsey introduces LLPs
Guernsey has expanded the range of structures available from the jurisdiction by introducing Limited Liability Partnerships
05/13/2014
Carey Olsen advises on $40m NASDAQ IPO
Carey Olsen has advised Jersey-registered company Quotient Limited on its initial public offering in the US which raised approximately $40 million by the issue of new shares on NASDAQ.
05/13/2014
Sam and Charles Wyly Found Liable In Civil Fraud Case
The wealthy Wyly brothers committed civil fraud using a complex web of offshore trusts to hide stock sales and reap $550 million in profits.
05/09/2014
Jan Golaszewski has joined Carey Olsen's Cayman Islands office as counsel in the dispute resolution and litigation department.
05/09/2014
Leading offshore law firm achieves top rankings
The firm has achieved top rankings in the latest edition of one the industry's most prestigious directories
05/09/2014
Law Society of Jersey appoints Mourant Ozannes’ Jonathan Speck as president
He is well known for his litigation work in high-value and complex trust disputes in Jersey
05/08/2014
The Irish High Court held that monies held on account by Custom House Capital Limited prior to its winding up were held on trust for one of its clients.
05/08/2014
The liquidators of the Madoff-exposed Fairfield funds began their seemingly endless slew of clawback litigation in the British Virgin Islands and elsewhere in 2009, with the majority of the claims being issued by Fairfield Sentry
05/08/2014
Leading Isle of Man law firm appoints new Head of Regulatory & Compliance Services
He joins from KPMG Isle of Man where she led the risk consulting business unit.
05/08/2014
The Court of Appeal has given a broad interpretation to the meaning of making ancillary orders for the purpose of ordering the turnover of property to a foreign representative.
05/08/2014
The Law confers on third parties a statutory right of direct enforcement of contractual obligations contained in contracts to which they are not a party.
05/08/2014
The general mood among the speakers and delegates was that the increased transparency created by FATCA
05/08/2014
A new law recently proposed in the Cayman Islands would protect whistleblowers who report acts of wrongdoing in the private and public sectors.
05/08/2014
First, Appleby advised Shanghai Zendai in the disposal of 20% of shares of Richtex Holdings Limited (Richtex), a BVI company, for a consideration of RMB 200 million.
05/07/2014
Samuel and Charles Wyly used a labyrinth of offshore trusts to hide their share holdings from the U.S. Securities and Exchange Commission and evade trading limits on corporate insiders
05/07/2014
The Grand Court found that sufficient reasons had been established to exercise its discretion and made the bankruptcy orders and appointed a trustee in bankruptcy.
05/07/2014
The conversation usually starts with a request to write or review an anti-bribery policy with often the additional question of what limit should be set for gifts and entertainment to be recorded in the gifts register.
05/06/2014
Bermuda Supreme Court: Act Provides Basis for PRC Holder to Apply for Bermudian Status
The Supreme Court of Bermuda handed down a decision on 2 May 2014 which has ramifications for PRC holders who were ordinarily resident in Bermuda on 31 July 1989.