Managers of Wealth Offshore

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

UK collects just 3% of fines from offshore firms breaching property transparency rules

The UK has collected only 3% of the financial penalties issued to offshore companies failing to comply with transparency laws designed to reveal the true owners of UK property.

BOV and GWU sign new collective agreement for bank employees

Strong focus on employee well-being

Investment Warning: SCB Cautions Public on IncomeMax Operations

The Commission hereby advises the public that IncomeMax and its agents or representatives are not registered with or licensed by the Commission.

Cayman edges closer to coveted US qualified status in reinsurance

Cayman is looking to achieve “qualified jurisdiction” status from the US National Association of Insurance Commissioners (NAIC).

Court Ruling helps clarify Creditor Rights in the Cayman Islands

The Receivers contended that Chan Ka Man’s authority was established when he executed the undated instrument as a duly authorised officer.

SCB warns of criminal liability over pyramid and Ponzi schemes

The key difference is that a Ponzi scheme can survive for a long time, especially if one or two individuals are contributing significant amounts of money

Jamaica to phase out cotton banknotes by July

Central bank says denominations between 50 and 5,000 Jamaican dollars will be affected

Irish SPVs and listed SMEs to be excluded from sustainability reporting regime under proposals to streamline CSRD

The Amending Directive remains subject to scrutiny and amendment by the Parliament and the Council

Grand Court clarifies requirements for leave to proceed with a counterclaim against a company in official liquidation

Under section 97 of the Companies Act (2023 Revision), no civil proceedings may be commenced or proceeded with against a company in official liquidation except with the leave of the Grand Court.

Cayman Grand Court orders liquidations of failed crypto companies to be subject to Court supervision on grounds of improved efficacy, expedition and economy

The Group began facing regulatory challenges around mid-2020, with the Ontario Securities Commission investigating its promotion and sale of the AXIA Coin.

Proposals to introduce age discrimination in Guernsey – key points for employers

Guernsey law already includes protection from discrimination on the grounds of sex, marriage, gender reassignment, maternity and adoption leave, race, disability, carer status, sexual orientation, and religion or belief.

The Guernsey anti-money laundering regime through the lens of human rights caselaw

Failure to bring a successful private law action could result in the assets being informally frozen for years or even decades.

Regulation, Risk & Compliance