02/16/2023
Holness leaves Jamaica for CARICOM heads meeting in Bahamas
In his absence, Deputy Prime Minister, Dr Horace Chang, will oversee the Government.
Regulation, Risk & Compliance
02/15/2023
Offshore Trusts-Limits of the Revenue Rule in Jersey (Re Mattas)
As a preliminary issue, the court determined that formal service through the Foreign, Commonwealth and Development Office pursuant to the State Immunity Act 1978 (as applied to Jersey) was not required
02/15/2023
Navigating fund re-domiciliation complexities: How to adapt to changing regulation
These two methods of re-domiciliation allow fund managers to be flexible and adaptable in their choice of domicile, allowing them to change the legal jurisdiction of incorporation without dissolving the fund or liquidating its assets.
02/14/2023
Rules on declarations and questions could be changed
Additionally, SACC says a small majority of deputies favoured extending the maximum amount of time for a committee general update statement from 10 minutes to 15 minutes, and that preference has been formally proposed.
02/14/2023
New legislation ‘credible platform for fintech’
Guernsey's new Lending, Credit and Finance Law, which comes into effect this summer, is expected to prove a credible platform on which fintech businesses can be launched from Guernsey.
02/14/2023
Fundamental Employee Rights in Jersey
The Law does not place any requirement on an employer to pay any sick pay to employees.
02/13/2023
Bear with us: Halkitis pledges that all business license applications will be processed by March 31st
During a weekly press briefing at the Office of the Prime Minister yesterday Halkitis acknowledged delays in the processing of business licenses due to the Inland Revenue Department requesting additional information.
02/13/2023
Labuan IBFC and SBF to jointly host masterclass on Labuan International Business and Financial Centre
The masterclass will showcase Labuan IBFC’s sectoral offerings and services
02/13/2023
GFSC updates Natural Capital Fund framework
The Commission launched its Natural Capital Fund framework in September 2022 as part of the Guernsey Sustainable Funds Regime.
02/10/2023
Local sustainability course gets global accreditation
The course has been accredited by the internationally recognised Carbon Literacy Project who noted that the program ‘is well tailored to the target audience, is full of inspiring examples and engaging activities – it should lead to some really
02/10/2023
The BVI IAC Arbitration Rules 2021: “A Statement of Intent for the Future”
The comparative analysis of the Rules against the rules of other leading arbitration institutions will assist the readers in identifying the advantages of choosing the BVI IAC Arbitration Rules.
02/09/2023
New Limited Liability Company introduction enhances Jersey proposition for US alternative fund managers
Through the Jersey LLC, US fund managers will now be able to take advantage of seamless marketing into the EU via national private placement regimes, underlining our proposition as the ideal gateway into Europe.
02/09/2023
Guernsey Policy & Resources Committee publish alternative Tax Review package
The Committee recognises that, despite the overall package being progressive and the benefits for those on lower incomes, the inclusion of a Goods and Services Tax to raise the necessary additional revenue means some States Members will not be willing to
02/09/2023
Collas Crill to closes UK Real Estate practice
All of Collas Crill's UK Real Estate clients have been notified of the move in writing with clear guidance to ensure a smooth transition and seamless continuity of service, including secure transfer of confidential information.
02/09/2023
Data Protection in the British Virgin Islands
The DPA requires a data controller to comply with seven data protection principles when processing personal data and to ensure that any data processor it appoints has sufficient safeguards in place to protect the personal data.
02/09/2023
The accounts and audit rules applicable to Jersey companies
Part 16 was amended in 2010, first
02/09/2023
FirstCaribbean announces interest rate increase
Other local banks are expected to issue similar advisories to their customers.
02/09/2023
IMF tells Malta to plan ahead over energy subsidies and global tax rules
IMF toasts ‘remarkable’ pandemic recovery by Malta but says island has to plan ahead over coming reforms in global tax rules as well as on energy subsidies
02/08/2023
Bermuda Economic Substance Declaration Filings—February 2023 Alert
Such Declaration Forms must be filed annually, within six months of the last day of the entity’s financial year.
02/08/2023
Lasting Legacy? Disclaiming a Gift of Immovable Property in Jersey
The Court granted their request and the disclaimer was successful