10/12/2021
Notwithstanding this expansion, an investment fund structured as a Cayman Islands exempted limited partnership is exempt from the requirement to meet any economic substance test in Cayman
10/11/2021
In this Update, we examine the administrative fines process and the steps that can be taken in response to a breach notice.
10/11/2021
Trusts have long been the “go to” structure for the holding of family wealth for its protection and for passing it on to future generations.
10/08/2021
The new and amended laws also aim to eliminate inconsistencies between the regulatory laws which should help to create efficiencies for industry and the Commission.
10/08/2021
The declaration will be available from 30 September 2021 for all funds with a July to December 2021 financial year end and from January 2022 for all funds with a January to June 2022 financial year end.
10/08/2021
A scheme of arrangement is a compromise or arrangement made between the target and its shareholders
10/08/2021
Often an acceptable approach is for a notice to be delivered to the corporate administrator acting for and on behalf of each investor
10/08/2021
The industry interpretation of these regulations is such that a private sale would therefore not constitute a sale to the public.
10/08/2021
Although it is the usual situation, there is no requirement that the judgment should be a judgment against the respondent.
10/08/2021
These old offences of champerty and maintenance were first decriminalised in England in 1967.
10/07/2021
FATF and FSRBs conduct peer reviews on an ongoing basis to assess how effectively their respective members' AML/CFT measures work in practice
10/07/2021
Ralf Rickard Danbrandt of Ibex Capital Partners says the leak unfairly punishes innocent people and stresses that holding assets offshore is not illegal.
10/07/2021
As reported by Eyewitness News, the bank’s decision sparked major backlash on social media last week as many customers expressed their outrage and disapproval over the move.
10/07/2021
Often an acceptable approach is for a notice to be delivered to the corporate administrator acting for and on behalf of each investor and the general partner of the fund to upload the investor notice to the fund's investor portal, and to then provide
10/07/2021
Using avenues not available to most people, they park money in trusts, shell companies and holding companies established in jurisdictions that typically offer low taxes and a high level of anonymity.
10/06/2021
Indeed, he noted that both PL and PN governments have previously launched schemes to incentivise people to regularise their tax positions.
10/06/2021
Joe Mifsud faces a tax audit over suspicions of hidden wealth
10/06/2021
CIMA had inspected Intertrust in 2017 and 2019 and identified a number of what it considered serious breaches of the Anti-Money Laundering Regulations.
10/06/2021
In particular, the report underlines the focus families are placing on developing clear and robust approaches to governance and reveals how enterprising families are increasingly aware that the management of their businesses, their investment strategies a
10/06/2021
Funds seeking to de-register from CIMA will also be required to complete a final audit in most instances.