Managers of Wealth Offshore

AML/CFT Handbook - Appendix I Update

Appendix I lists countries and territories that are identified by relevant external sources as presenting a higher risk of money laundering and/or financing of terrorism.

Cayman Islands Funds and Regulatory Update

We are also pleased to report that Ogier recently received the recognition of Best Offshore Law Firm

The Cayman Court re-considers its jurisdiction to wind up exempted limited partnerships

This represents a considerable departure from prior practice in the Cayman Islands, where creditors have routinely sought the winding up of the ELP itself (and not the GP).

Appleby Act as Jersey Counsel for Climate Tech firm "Sparkchange" on first to market Carbon Investment Product

The team worked closely with other advisers to implement the Jersey structure, advising on the necessary Jersey regulatory consents and approvals and the Jersey law elements of the wider programme and security.

Latest guidance from ECSC Court of Appeal on Global Anti-Suit Injunction

The Judgment dismissed the Abyzov parties' appeal, which provides useful clarification as to the strict approach taken in the BVI towards global anti-suit injunctions.

Carey Olsen advises 7RIDGE on acquisition

Trading Technologies' team, which spans 13 offices across four continents, has provided derivatives trading software for more than 27 years.

Revision of Laws – industry specific changes: Banking and Fiduciaries Laws

The investment sector will be considered separately in a later Update.

Cayman | Chambers Global Practice Guide: Alternative Funds 2021

The new Alternative Funds 2021 guide covers 20 jurisdictions.

Declaratory relief escapes the doctrine of merger

The Claimant is thus prevented from bringing a second claim to recover a remedy that had already been the subject of the judgment between the same parties.

Cayman Islands Update: Economic Substance Reporting Deadlines

With respect to relevant entities carrying on the relevant activity of a holding company

Changes to the Cayman restructuring regime – key points

This initiative is a significant departure from the current position where an application for the appointment of a 'light touch' provisional liquidator, for the purpose of restructuring, must be made as part of the winding up process.

Walkers Wins Nine Aviation Deal Awards

The transactions involved leading lawyers across Walkers' global asset finance and aviation group from its Cayman Islands, Dublin, Dubai and Asia offices.

The Without Prejudice Rule – When does it apply?

The policy considerations underlying the rule are that parties should be encouraged to settle their disputes out of court and should not be deterred by fear that their settlement negotiations might be used against them in future proceedings.

6 financial institutions under probe for money laundering - FID

Despite the perceived actions of these six unnamed entities, Darien said there was "generally" a high level of compliance among financial institutions to provisions of POCA.

Walkers Wins at IFLR Middle East Awards

The Walkers team was led by Dubai Partner, Ciaran Bohnacker and Senior Counsel, Terry-Ann Arch with Walkers Fiduciary Limited providing share trustee and directorship services to the Trustee.

Bedell Cristin Partners have contributed to the Chambers Alternative Funds 2021 Global Practice Guide

Bedell Cristin Partners Martin Paul and Richard Le Liard have contributed to the Chambers Alternative Funds 2021 Global Practice Guide once again.

BERMUDA: Changes to rules on Permanent Residency Certificate coming

The Government said that these changes support its priority of achieving a simplified, fair and modern framework for immigration in Bermuda. T

Walkers Named #1 Global CLO Market Offshore Service Provider in Creditflux's CLO Census 2021

Walkers has also been recognised as the number one firm for offshore legal services to the CLO market.

Cayman Restructuring – a proposal for a formal restructuring regime in the Cayman Islands

The proposed amendments will allow a Cayman company to restructure under the supervision of a “restructuring officer” and provide for a stay on creditor action in the restructuring period.

Mourant assists Mirion

The transaction was achieved through a business combination with GS Acquisition Holdings Corp II, a US special purpose acquisition vehicle (SPAC) sponsored by an affiliate of Goldman Sachs.

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