02/04/2021
Leading Guernsey fintech business becomes regulated
The regulation supports The ID Register’s single-sign-off service for investors, funds and service providers alike.
Regulation, Risk & Compliance
02/03/2021
Cayman needs office in EU to fight blacklist proposal
The EU Parliament passed a resolution demanding an expansion of the blacklist and the automatic inclusion of jurisdictions, like the Cayman Islands, that have no corporation tax or other income taxes.
02/03/2021
Updated Legislation Clearly Defines Financial and Corporate Service Providers
It also defines for the first time certain criminal financial schemes, making The Bahamas one of the leading jurisdictions to introduce legislation to expressly criminalize this type of activity.
02/03/2021
TISEA removes requirement for director declarations for non-retail listings
The amendment to the Listing Rules has been made to streamline the process of making an application for listing, and to reduce ongoing continuing obligations.
02/03/2021
Cayman needs office in EU to fight blacklist proposal
The management of trade offices is one of the remits of the ministry.
02/02/2021
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.
02/02/2021
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.
02/02/2021
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.
02/02/2021
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.
02/02/2021
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.
02/02/2021
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.
02/02/2021
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.
02/02/2021
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
02/01/2021
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.
01/29/2021
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
01/29/2021
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.
01/29/2021
Jersey Law - Taking Security Over Intangible Moveable Property
The ability to secure present and future intangibles with minimum formality through a single agreement
01/29/2021
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.
01/29/2021
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.
01/29/2021
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.