Regulation, Risk & Compliance

02/13/2020

EU to put Cayman on tax blacklist next week

“If we consider the extent of cross-border cooperation that has been in place for decades, plus the recent legislation on economic substance, as well as beneficial ownership, it is hard to conclude that we belong on such a list.”

02/12/2020

China: Introduction To The Economic Substance Act In The BVI

The ES Act requires a legal entity (a company or a limited partnership) that conducts relevant activities, as defined under section 6 of the ES Act, during a financial period 1 to comply with the economic substance requirements in relation to that activit

02/11/2020

Fundamental snag with new EU money-laundering rules

In this instance, the intention of the registers has been partially described on the European Commission's website as: "Enhancing transparency by setting up publicly available registers for companies, trusts and other legal arrangements."

02/11/2020

Buyers bemoan ILS need for models

These revelations will be of great interest to the ILS community in Bermuda as they clearly illustrate some of the barriers to growth that still exist in this market—and what needs to happen for these to be overcome.

02/10/2020

The Offshore Litigator's Perspective

It is our client's second win in the Privy Council in this litigation and our briefing on it is vital reading for those interested in the offshore funds industry

02/10/2020

Guide To Cryptocurrency Tax Rules

A profit is taxable as a short-term gain if a position has been held for a year or less, as long-term if held for more than a year.

02/07/2020

Amendments to Investment Funds Act passed

“The amendments also expand the provisions for sharing information with other regulators and adjusts the transitional period for the investment funds act 2019 to facilitate adjustments being proposed in the amendment bill itself.”