07/16/2020
Panama Papers, Swiss Leaks help authorities recover over €27m in unpaid taxes
The figure was confirmed by Finance Minister Edward Scicluna in two related parliamentary questions by opposition MP Claudio Grech.
Regulation, Risk & Compliance
07/16/2020
UK Government welcomes announcements by eight Overseas Territories to tackle illicit finance
Foreign Secretary welcomes the move by the Overseas Territories as a major step to improve corporate transparency.
07/16/2020
Benefits of Crown Dependencies trusts for Asian families
Ties between Asia and the Crown Dependencies have traditionally been strong
07/16/2020
Recent Amendments To The Private Funds Law 2020: Are You Now In Scope?
The Law has now been further amended by the Private Funds (Amendment) Law, 2020 which was enacted into law on 7 July 2020 (the 'Amendment') and this article has been updated to reflect the most recent amendments.
07/15/2020
Offshore laws glide through LA
Nevertheless, it needed to be changed to eliminate “ambiguity” over registration and Rivers said that these changes has also been run by the industry.
07/15/2020
New Cayman Islands fines and TIA offence
CIMA now has the power to impose significant fines
07/15/2020
Commercial Real Estate In The Cayman Islands: An Overview
The Q&A gives a high level overview of the corporate real estate market; real estate investment structures
07/15/2020
Bedell Cristin advises Munich Re on £1bn longevity swap for the Willis Pension Scheme
The £1 billion longevity hedging deal transfers the risk of pensions in payment, offering long-term protection against additional costs that arise because pensioners or their dependants live longer than expected.
07/15/2020
Jersey and UAE exploring mutual opportunies as leading UAE bank exits
The strengthening of the relationship comes as one of the UAE's largest commercial banks is closing its operations in Jersey, after being established there a number of years.
07/15/2020
Collas Crill Explains...Taking Security Over Shares in a Guernsey Company
This guide looks at the key things you need to know about taking security over the shares in a Guernsey company.
07/15/2020
Cayman Islands Grand Court Applies the New ‘No Detriment’ Test to a Variation and Termination of a Cayman Islands Trust
The Trust was a relatively standard discretionary trust for the primary beneficiary (the “Primary Beneficiary”) and her descendants of which the Butterfield Trust (Cayman) Limited was the sole professional trustee.
07/15/2020
GIN Members' Newsletter
Helen and Annaliese have produced a second update on the 'Amendments to Guernsey's Banking Deposit Compensation Scheme' which summarises recent changes to the scheme including provision for negative interest rates and a change to the aggreg
07/15/2020
Provisional Liquidation – A Neglected Tool in the Bahamian Insolvency Toolbox
As a general rule, directors’ duties are owed to the company and the company alone.
07/14/2020
CIMA Administrative Fines for Regulatory Laws, Regulation and Rules
The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 was enacted on 26 June 2020.
07/14/2020
Jersey agrees business initiatives with UAE
The webinar advised Jersey companies on how to do business in the UAE, and on the commercial opportunities available as its economy begins to rebuild following the Covid crisis.
07/14/2020
Bermuda’s beneficial ownership register to go public by 2023
The jurisdiction has always had a robust approach to knowing the owners of its companies through the island's regulator
07/14/2020
Switzerland and Liechtenstein sign protocol of amendment to their double taxation agreement
The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment.
07/14/2020
Approval of Liquidators' Fees: When Supporting Evidence is Found Wanting
From an insolvency practitioner's perspective, this judgment demonstrates that liquidators should take care to submit evidence in support of applications to approve fees, especially when their application deviates from a course which was previously a
07/14/2020
Remote Island: A new era for working life?
Cayman 2.0: Seismic changes in work environment
07/13/2020
Premier: Environmental Protection Fund to remain under LA control
Gov’t agrees to consider creation of marine enforcement unit