Managers of Wealth Offshore

Reappraising section 238 "fair value" proceedings: an update on recent developments

As we begin 2022, it is helpful to take stock of the current appraisal landscape in this relatively new, but rapidly evolving, area of law.

Full steam ahead: the Bank (Recovery and Resolution) (Jersey) Law 2017 - Carey Olsen

The Bank (Recovery and Resolution) (Jersey) Law 2017 (the “Law”) comes into force on 31 January 2022.

BVI Court clarifies dissenter and statutory appraisal rights of shareholders

The Court rejected the Defendant’s argument that a member is entitled to dissent and be paid fair value in respect of shares held at the merger effective date but acquired after the deadline for providing the statutory notice to dissent.

'Malicious': War of Words Breaks Out Between Big Law and Offshore Firms In $100M Kuwait-Cayman Case

The saga involves a handful of law firms, a Cayman Islands-based fund, the Kuwaiti government, questions of political intrigue, and many millions of dollars.

Update on EU AML List – Limited Impact for Cayman Islands

The inclusion of the Cayman Islands on the EU AML List would impact a small subset of securitisation vehicles but otherwise has no direct consequences for investors or clients using Cayman Islands structures.

Cyprus: Overview of procedures and requirements for submission of beneficial ownership data

In accordance with the law, a beneficial owner is defined as any natural person(s) who ultimately owns or controls the "obliged entity" and/or the natural person(s) on whose behalf a transaction or activity is being conducted and includes at lea

Carey Olsen advises Checkout.com on US$1 billion Series D funding round

The Series D means Checkout.com has more than doubled its valuation since its Series C in early 2021

Carey Olsen's Russell Clark named in 2022 eprivateclient 50 Most Influential

It is the third year in a row that Russell has been named on the list, and he remains the only Guernsey-based lawyer to be included.

Nancy Chien, Partner, is recognised in the eprivateclient 50 Most Influential list for the second year running

Earlier this week eprivateclient published the 2022 edition of the 50 Most Influential list – the definitive rankings of the key players in the UK and global offshore private client practitioner sector.

Collas Crill Explains... Termination of a Trust

The above methods of termination are all relatively self-explanatory

Pension funds: hedging longevity risk - Carey Olsen

Board meetings are held in Guernsey and a majority of the directors are Guernsey residents in order to ensure that the mind, management and control of the incorporated cell remains at all times in Guernsey.

Carey Olsen trusts and private wealth partners recognised in Spear's 500 for 2022

Their recognition in the Spear's 500 is the latest accolade in an extremely successful past 12 months for Carey Olsen's global trusts and private wealth practice.

Ogier Guernsey advises on the establishment of Ventures Platform's pan-African fund

The fund has commitments from a broad range of Nigerian and African based investors, as well as global and institutional investors.

The role of the protector with the power to veto

Because there is limited judicial authority as to the nature and scope of protectors' powers in the Channel Islands and beyond, the decision is important for the wider international trust community.

Timeline for the Discrimination Ordinance – the clock is ticking

This stage is anticipated to complete in mid-February 2022.

Cross-border Ogier team advises Ardonagh Group's multi-billion dollar investment and restructuring

The Ogier team was led by practice partner Raulin Amy and partner Oliver Richardson, assisted by senior associate Rebekah Agyeman and paralegal Lara Morand in the Jersey corporate team, and partner Bradley Kruger in the Cayman Islands, plus senior associa

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