Managers of Wealth Offshore

Ireland Update: Strategy on Remote Working Strives to Keep Up

The Remote Working Strategy confirms the Government’s intention to legislate for employees to have a right to request remote working.

CIBC calls off FirstCaribbean sale after snub from regional bank regulators

The previously announced transaction to sell a significant portion of its majority stake in CIBC FirstCaribbean to GNB Financial Group Limited did not receive approval from FirstCaribbean’s regulators,” the CIBC statement said.

Unlocking financing for growth in Saint Lucia and beyond

In Saint Lucia and beyond, the existing consequences of COVID-19 have carried over, hand in hand with reports of a new and threatening coronavirus variant, reiterating the importance of identifying needs for post-pandemic survival and preparing for unexpe

Cayman Islands: 2019 CRS compliance form deadline extended to 15 September 2021

The deadline for the 2020 CRS compliance form also remains 15 September 2021.

The ID Register becomes regulated

As an independent, neutral hub, The ID Register is trusted by 270 clients with over 25,000 investor profiles as the onboarding authority across the private markets and beyond.

Viberts Écrivain Sworn in as Jersey Advocate

Eleanor was a Jersey Écrivain and was promoted to Associate at Viberts in 2020.

TISE Aannounces Removal of Director Declarations for Non Retail - Debt Issuers

This simplifies the listing application process and reduces the continuing obligations for non-retail debt issuers who have securities listed on TISE.

Walkers Advises CIMC-TianDa Holdings Company Limited in its Privatisation

The company is the world's most competitive market-leading airport equipment core services provider.

Leading Guernsey fintech business becomes regulated

The regulation supports The ID Register’s single-sign-off service for investors, funds and service providers alike.

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.

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.

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.

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.

Regulation, Risk & Compliance