Managers of Wealth Offshore

Cayman needs office in EU to fight blacklist proposal

The management of trade offices is one of the remits of the ministry.

Updated Legislation Clearly Defines Financial and Corporate Service Providers

With 340 financial and corporate service provider licensees in The Bahamas, the legislation directly impacts Bahamian entrepreneurs, perhaps more than any other financial services legislation.

Snapshot: to debt or not to debt? BVI structures for private equity funds and debt providers

These key jurisdictional characteristics mean that the BVI is excellently placed to play nicely to the needs of private equity funds and debt providers when structuring their deals and deploying their considerable cash reserves.

Can Ireland steal a march on the UK's pre-eminence of the corporate trustee?

The UK's exit from the European single market and the loss of EU passporting rights has had a profound impact on its financial services sector.

Bermuda, Cayman Islands and Guernsey chapters authored for Lexology Getting The Deal Through Private Client 2021

All three chapters were co-authored with Paul Hodgson of Butterfield Trust.

Ireland Update - Central Bank's Portal: Deadline for Registration

From 15 February 2021, the portal must be used for specific fund filings including attestation requests, index submissions and filings of amended fund documentation.

Consultation on the extension of Jersey’s economic substance regime to partnerships

The reason why the economic substance regime is being extended to partnerships is to fully meet commitments the Government of Jersey gave to the EU Code Group in 2018.

Ogier advises on private equity firm's £1.1bn acquisition of Priory Group

Ogier advised on the Jersey corporate and finance aspects of the acquisition.

The Supreme Court of Bermuda exercises "statutory Hastings-Bass" jurisdiction in setting aside a flawed variation to a trust deed

In his ruling, Chief Justice Hargun outlined the two conditions that must be satisfied in order for the Court to intervene in a fiduciary's decision

Luxembourg Financial Center Proves Resilient in 2020 Despite Pandemic Headwinds

The Luxembourg House of Financial Technology (LHoFT) saw the number of FinTechs it hosts rise to 76, up from 67 the year before.

Ogier advises on the establishment of Rigtrain plc

Rigtrain plc possesses an extensive portfolio of courses which can be delivered on-board anywhere in the world

Cayman Islands Funds Update: Q4 2020

The regulations will improve the data collected from each regulated mutual fund by CIMA and will enable CIMA to enhance its regulatory oversight of the financial services sector.

Jersey Law - Taking Security Over Intangible Moveable Property

The ability to secure present and future intangibles with minimum formality through a single agreement

CSSF: UK deemed equivalent for the purpose of the national third-country regime under MiFIR

The scope of the regime itself is limited to Luxembourg – any future EU-wide passporting will depend on whether the European Commission issues an equivalence decision under MiFIR.

The US beneficial ownership law has its weaknesses, but it’s a seismic shift

Due to the limited scope of the Corporate Transparency Act and numerous exceptions in its application, we cannot yet conclude that the US is practicing effective beneficial ownership registration.

Bermuda Sanctions Regime Post Brexit

Prior to Brexit, the UK implemented sanctions via European Union decisions and regulations, which meant that Bermuda’s sanctions regime also mirrored that of the European Union.

Cayman Islands Update: Virtual Asset Service Provider Regime

The Act was introduced to align the Cayman Islands' framework with international standards for VASP regulation.

Caribbean Regulatory Update - Q1 2021

This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter.

Guernsey businesses angry face repaying support

It is also open to the self-employed and sole traders, the States confirmed.

Companies warned not to breach rules

BUSINESSES are being warned to abide strictly by lockdown rules, after reports that some companies are breaching them.

Regulation, Risk & Compliance