02/17/2021
EU’s parliament extending blacklist criteria
Any expansion of the blacklist must be made by the EU’s Economic and Financial Affairs Council following an investigation and recommendation by the EU’s Code of Conduct Group.
02/17/2021
Private M&A Involving British Virgin Islands Companies
Such benefits provide many advantages for corporate holding structures established in the BVI
02/17/2021
The meeting focused on pathways to sustainable growth in Bermuda, discussing both risks and opportunities emerging from the new economic conditions created domestically and globally by the Covid-19 pandemic.
02/16/2021
This is necessary in order for the Government of Jersey to fully deliver on its commitments made to the EU Code of Conduct Group in 2018.
02/16/2021
Irish employee succeeds in first Covid-related employment claim
The case is the first example of a claim for unfair dismissal in Ireland related to the coronavirus pandemic.
02/16/2021
Changyou.com Limited: Fair value in a short-form merger
The merger was not subject to a vote of the shareholders of the Company.
02/16/2021
The Registrar of Companies (RoC) is imposing penalties and issuing warning letters to companies that fail to submit accurate information on their ultimate beneficiaries (their ‘beneficial owners’).
02/16/2021
Registrar fines companies not revealing owners
Head of Compliance Paul Inniss noted that the companies had all been warned about their obligations to reveal the ultimate owners to the authorities here and comply with the law.
02/16/2021
Acting with US legal advisors Skadden, Arps, Slate, Meagher & Flom, LLP, the Walkers team was led by Cayman Islands-based partner Jason Allison and associate Tom Hagger.
02/16/2021
In the five years since the Convention came into force we have advised leasing companies, aircraft owners, lenders and others that use Cayman structures for financing and leasing aircraft on the rights and interests conferred by the Convention and the imp
02/14/2021
Guernsey active in captive market already in 2021 activity as pre-authorisation pilot has impact
The scheme is currently limited to protected cells, hosted by a protected cell company that is owned by a licensed insurance manager.
02/12/2021
Akel MP Giorgos Loucaides said the dissolution of the committee appeared to be the result of Papacharalambous’ actions.
02/12/2021
Assuring that such websites would be monitored and that steps would be taken to mitigate any potential risks, BML reiterated the message to refrain from sharing personal banking information.
02/12/2021
A beneficial owner per the definition of the Act is any individual who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise exercises substantial control over an entity, or owns or controls 25% or more of th
02/12/2021
The Cayman Islands was removed from the list at ECOFIN’s last meeting in October 2020 and thus should not be impacted by this new law, given that it is effective from 1 March 2021 onwards.
02/12/2021
Financial institutions in Mauritius and around the world are under increased pressure by both national and international compliance regulators to implement extensive due-diligence processes.
02/11/2021
However, the Cayman Islands had previously been party to bi-lateral and multilateral treaties enabling the provision of such information on request to most jurisdictions.
02/11/2021
Large corporate structures with several entities and holdings can often be complicated to manage from an administrative perspective.
02/11/2021
The portfolio included the Tesco RDC in Fradley Park Lichfield
02/11/2021
However, on a positive note, as we started seeing an improvement in business sentiment during H2’20, European banks started reversing part of their provisions.