Managers of Wealth Offshore

Creation of security by a Cayman Islands exempted company

Cayman Islands law allows a security document to be governed by foreign law and gives the parties the freedom to choose any law they consider appropriate to govern it.

VP Bank selects AxiomSL for risk and regulatory reporting

Selecting AxiomSL will enhance the value of our investment in regulatory technology, optimize efficiency, and deliver business insights

Andersen Global Expands Into St. Kitts and Nevis

The capabilities of the member and collaborating firms of Andersen Global and the organization’s global reach better equip us to seamlessly serve our clients both in St. Kitts and around the world.

Harneys advises Vieco 10 in relation to the sale of part of its interest in Virgin Galactic Holdings Inc.

Rachel Graham, Corporate Partner in Harneys London office, advised Vieco 10 Limited as to matters of BVI law.

Walkers Advises on Pathfinding Airline Loyalty Scheme-backed Financing

This innovative transaction was structured to be bankruptcy remote with a robust covenant structure representing a hybrid between a securitisation and a corporate debt issuance.

HSBC Bank Bermuda To Reopen Today At 1pm

“We apologize for any inconvenience caused by our closure due to Hurricane Paulette and thank all our customers for their continued business and understanding.”

Luxembourg fund finance deal flow expected to continue to increase, including NAV resurgence, says Ogier partner Jad Nader

Jad joined as a partner in Ogier's Luxembourg-based banking and finance team in August, having moved from New York for the role.

Consultation Paper on Guidance for Custodians of Open-ended Collective Investment Schemes with Indirectly Held Assets

The following relevant legislation is posted and reproduced with the consent of the States of Guernsey.

Self-managed funds to be brought within scope of Guernsey's economic substance requirements

New Regulations have been made (10 September 2020) bringing self-managed funds within scope of Guernsey's economic substance requirements.

Declaration on climate change emergency and Jersey pension schemes

Initially, the role of Jersey's pensions industry in helping the island achieve this target may seem unclear.

Cayman Islands Updated Economic Substance Guidance

The release of the Guidance follows a period of industry collaboration and demonstrates the Cayman Islands’ continued commitment to a reputable economic substance regime in line with global standards.

Luxembourg financial watchdog sharpens its teeth

Regulator Marco Zwick on efforts to strengthen supervision after years of criticism

Malta's MPM Capital handed record fine of €1.18m

The Financial Intelligence Analysis Unit (FIAU) in Malta has fined the now-closed MPM Capital financial services firm a record €1.18m for operating as an unlicenced payment services provider.

Jersey introduces statutory migration regime for foreign limited partnerships

With effect from 17 July 2020, Jersey now possesses a statutory regime allowing non-Jersey limited partnerships to migrate into Jersey.

Bahamas ranks 39th on Economic Freedom, enters top quartile

The Bahamas’ score for its size of government increased from 8.1 out of 10 last year to 9.1 this year — the second-highest score of the list; only topped by Guatemala, which received a score of 9.51.

EU banking watchdog calls for single set of anti-money laundering rules

Such binding regulation would then mean that cooperation and information exchange across the EU single market “is no longer the exception, but the rule”, the EBA said.

Premier: Pension withdrawals end in October, pensions holiday extended

The premier added that staycations are working “remarkably well” and people are spending lots of money in bars and restaurants.

JFSC publishes report on Lumiere

The breaches demonstrate Lumiere has failed to comply with the legal and regulatory regime operated in Jersey.

Licences of two law firms revoked over anti-money laundering failures

The unit has already been informed about the two firms whose licences have been revoked.

Regulators investigate elite London law firm

Solicitors Regulation Authority has spent at least two years scrutinising firm

Regulation, Risk & Compliance