Managers of Wealth Offshore

Guide to companies in the Isle of Man

A protected cell company (PCC) is a type of Manx Company that permits the creation of “cells” in which the company’s assets and liabilities are statutorily segregated.

Central Bank warns of deepfake scams, fake investment ads

Deepfakes are fake, AI-generated or manipulated, images, videos and audio recordings impersonating reputable individuals, or portraying activities that did not take place.

AIFMD II: Timeline to implementation - One year on

Our Irish Asset Management & Investment Funds team have updated our comprehensive timeline outlining the key milestones, leading to implementation of AIFMD II across the EU.

British Virgin Islands Update: New Additional Information (CRS Form) Released

The Additional Information Form is issued by the ITA pursuant to its power to request information

Global financial crime risks and Luxembourg's position

The organisation noted that as major private banking hubs, Luxembourg and Switzerland “not only attract substantial legitimate wealth but also face risks from illicit funds seeking anonymity and asset protection.”

Nigeria, Trinidad and Tobago sign direct flight agreement

This agreement will enhance trade, tourism, cultural exchange, and connectivity between Nigeria and the Caribbean region.

Grants of probate, letters of administration and resealing foreign grants in the Cayman Islands

The grant of representation appoints a personal representative in Cayman who may thereafter administer the estate of the deceased

Update on the right to statutory sick leave in Ireland

The adjudicator acknowledged that the company adhered to its attendance and disciplinary policy.

HSBC rejected OTP before Malta talks due to ‘reputational risk’

An internal review said taking Hungarian bank on was too risky, OTP denies claims

Fund finance: Irish funds and third-party security

One rule that consistently comes into play in fund finance transactions is the prohibition on QIAIFs from giving guarantees or providing security for the obligations of any third party other than itself or its wholly owned subsidiaries.

Creation of security by a BVI company

This guide examines the key BVI aspects of the creation by a BVI company of security over its foreign assets under foreign law.

JTC Law Becomes a Limited Liability Partnership (LLP)

Registered under the Limited Liability Partnerships (Jersey) Law 2017 with the name JTC Law (Jersey) LLP, registered number 1486.

Jersey spare funds to be retained amid tariff war

Miles said the minister had been transparent about the changes since the trade war began.

M&A transactions under PIPA (Bermuda)

Standard form M&A engagement agreements, including NDAs, may need to be reviewed and updated to reflect Pipa’s grounds to allow such transactional use and possibly export from Bermuda.

Woodford defends tactic of using Guernsey exchange

Regulators later criticised the manoeuvres as misleading and formally rebuked his conduct.

ADGM’s FSRA Imposes Fines of USD 8.85 Million on “HAYVN” Group, Cancels Licence of AC Limited (Hayvn ADGM) and Bans Founder Christopher Flinos

The enforcement action has resulted in the cancellation of Hayvn ADGM’s Financial Services Permission

Regulation, Risk & Compliance