05/31/2022
The importance of carrying out regular independent AML audits
The importance and the benefits of carrying out regular independent AML Audits.
Regulation, Risk & Compliance
05/31/2022
Double recognition for VG in the 2022 eprivateclient Channel Islands Top 35 under 35
Tommy joined VG as a Trainee in September 2020 and was quickly promoted to Trust Administrator in May 2021.
05/31/2022
Triple listing for Saffery Champness in ePrivate Client’s Top 35 Under 35
The publication’s annual listing highlights the industry’s rising stars by identifying the leading young private client practitioners from across the Channel Islands.
05/31/2022
GFSC Annual Report
Firms need to be mindful of the effect these economic changes, possibly on a scale unseen in at least thirty years, may have on their customers, risk profiles and business models.
05/31/2022
11% fee increase proposed for JFSC funds regulation
The Commission Law contemplates increases to fees in line with RPI, which was recorded as 6% in March 2022.
05/29/2022
VCC Act 2022: The missing piece of the Mauritius IFC jigsaw?
A VCC may be used as a vehicle for both traditional funds and alternative funds, including hedge, private equity, real estate and infrastructure.
05/27/2022
Bermuda – 2022 Economic Substance Declaration Form Updates, Registrar of Companies Compliance Reviews and Prospective Compliance Planning
The Registrar has issued two industry notices during the past month.
05/27/2022
Court of Appeal: transfer of assets abroad tax rules should be ‘kept in reserve’
Appeals against the statutory appeals and the judicial review were all heard together by the Court of Appeal.
05/27/2022
Privy Council permits enforcement of arbitral award under New York Convention despite alleged lack of due process
The Convention provides a set of international legal standards for the recognition and enforcement of arbitration awards
05/26/2022
Ireland Update: GDPR Fourth Anniversary
This update looks at those common themes in Ireland and across Europe.
05/26/2022
Central Bank Updates Fund Authorisation and Fund Service Provider Information
These updates to the Central Bank’s website are being made as part of a wider review of the Central Bank’s current authorisation processes for UCITS/RIAIFs and QIAIFs which is currently underway.
05/26/2022
Why use Jersey companies for acquisition and investment holding structures?
Jersey company law is founded on the same underlying principles as English company law
05/25/2022
Central Bank of Ireland Approval Process for UCITS Side-Pocketing Arrangements
Following this segregation, existing investors would receive shares in the new UCITS / sub-fund in the same proportion as their investment in the initial UCITS
05/25/2022
The CBB grants a Funds Administration Licence to Crestbridge Funds Services W.L.L.
Crestbridge has administered funds and provided administration and operational governance services in Bahrain for 17 years
05/25/2022
Winding up a company invested and managed in the Middle East - Al Najah Education Limited
Historic concerns on dissipation and mismanagement which are now irrelevant will unlikely persuade the Court to appoint provisional liquidators.
05/25/2022
Proposed CBI leverage limits and liquidity guidance for Irish domiciled property funds
The CBI therefore conducted an in-depth regulatory review of the Irish property fund sector, uncovering two potential sources of financial vulnerability: leverage and liquidity mismatch.
05/25/2022
Reflections from the Wilberforce Chambers Commercial Conference 2022
This is an area of law that relies heavily on evidence, but the legal principles of tracing, the burden of proof and even the applicable governing law are always evolving.
05/25/2022
New UK legislation affects overseas companies holding UK property
A further Economic Crime and Corporate Transparency Bill, which will provide for wider reform of the UK's Companies House, is expected to be introduced in due course.
05/25/2022
SC And Labuan FSA Ink MOU To Strengthen Regulatory Co-Operation And Collaboration
This collaborative arrangement is an important initiative to grow our capital markets and achieve greater cooperation and synergy between the SC and Labuan FSA.
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.