05/25/2022
Directors’ considerations amidst geopolitical unrest
Having headquarters in Cyprus may serve as a solution to businesses with global operations including in the affected areas in Eastern Europe.
Regulation, Risk & Compliance
05/25/2022
Evaluating Investment Opportunities
The context in which an NDA is negotiated, will set the tone of the freedoms and restrictions governing the disclosure or exchange of information.
05/25/2022
Case update: Jersey Royal Court clarifies the scope of costs 'of and incidental to' proceedings
The Judicial Greffier's approach to taxation on the standard and indemnity basis
05/25/2022
Malta fails to implement anti-corruption strategy called for by European watchdog
This report was adopted by GRECO at its 88th Plenary Meeting
05/25/2022
Jersey Funds Law Series – ESG Funds and Sustainable Investments
Persons registered to carry on Investment Business under the FS Law that provide investment advice on ESG Funds must either inform and make available to the client
05/24/2022
Jersey fund manager relocation
A fund management company relocating to Jersey is subject to a rate of Jersey income tax of zero percent.
05/24/2022
Statutory demands in the BVI: no longer truly optional?
The Court in Lenox International highlighted the importance of following the "two-step process" to wind up a company on the basis of its insolvency.
05/24/2022
FATF Landmark Report - A Guernsey Perspective
Its purpose: to provide an insight into its key findings from its fourth round of mutual evaluations
05/23/2022
Data Protection Authority gives Guernsey firms a cyber security checklist
The authority warned of a current "heightened risk" of cyber-attacks.
05/23/2022
Cayman Islands third party rights legislation
The Act facilitates streamlining by removing the need for a dual step approach to constructing third party rights in transactional arrangements.
05/20/2022
New enhancements to the Jersey Limited Partnerships Law
A liquidator may now be appointed to carry out the winding up of an LP on the authority of the GP, the LP Law or the LPA.
05/20/2022
CIMA revokes fund administrator licence
As reasons for the licence revocation, which took effect 10 May
05/20/2022
JRA sets strategic direction for 2022-2023 and signs first MoU
The JRA is committed to establishing an efficient and effective regime that is proportionate to the risks and nature of Jersey’s banking industry and to do so in an open and transparent manner.
05/20/2022
Guernsey private trust companies and foundations
The Commission issued updated guidance in November 2021
05/20/2022
Dean D’Sa, Founding Partner, IZAR: “FSC guidelines on green bonds are important as they set a minimum standard”
The legal infrastructure has not changed which is good because when structuring deals, you really want to have the comfort of stability.
05/19/2022
Woodbrook Group gives up Cyprus licence
Company has been dissolved since October 2021
05/19/2022
Beneficial Ownership Registration for BVI Entities Owning UK Property
Conyers can assist you to ensure that all relevant filings, updates and confirmations are made to ensure compliance with the ECA.
05/18/2022
Navigating the Jersey M&A Landscape (3 of 3)
Our Appleby Corporate team has been involved in a number of mergers and acquisitions (M&A) transactions involving buying, selling and/or restructuring businesses that have premises and/or people in Jersey.
05/18/2022
Amendment of Investment Business Client Assets Order comes into force
Jersey was specifically noted to not have fully adopted measures with respect to due diligence on the selection of custodians/third parties and regarding disclosing the asset protection regime afforded for investments in overseas jurisdictions.
05/18/2022
Deadline reminder for consolidated handbook data request
These emails were sent to members of Industry who are or may be providing services to the supervised persons listed below, regarding the consolidated handbook.