Managers of Wealth Offshore

Jersey – Navigating transactions through the practical difficulties of Covid-19

These practices will no doubt continue during the disruptions caused by the Covid-19 pandemic.

Cayman: International Travelers in transit to the Sister Islands

We strongly urge persons not to continue through to the Sister Islands.

Jersey: Employers Should Review Their Employment Policies In Wake Of Coronavirus

"This sheer variety means that employment policies need to be broad-ranging and ensure that all employees, and the employer, are suitably protected and accounted for."

BVI Court confirms third party disclosure orders in aid of foreign proceedings

In his judgment in KS v ZZ, Wallbank J took the view that it was highly unlikely that the BVI House of Assembly had intended that the legislation in the BVI dealing with disclosure of evidence for use in foreign proceedings should restrict the availabilit

HM Treasury Consultation On The Overseas Fund Regime

HM Treasury has published a consultation paper on a new Overseas Funds Regime which sets out a more streamlined regime for overseas funds. The consultation period is open until 11 May 2020.

Implementation of Cape Town Convention in Bermuda

The Bermuda International Interests in Mobile Equipment (Cape Town Convention) Act 2016 (the Cape Town Convention Act) gives effect to the Cape Town Convention in Bermuda and came into force along with the convention on 1 January 2018.

Anti-Bartlett clauses: what are the lessons to be learned from Zhang Li?

Update prepared by Stephen Alexander (Partner, Jersey) and Tony Pursall (Consultant, London)

DITC Activates Business Continuity Plan

The DITC, which falls under the remit of the Ministry of Financial Services, has contacted all external service providers to confirm their coronavirus contingency plans and obtain assurances of continuity of service.

Eastern Caribbean Central Bank’s CBDC Could Beat China to the Punch in 2020

Later this year, the project will enter its second phase and transition to a six-month rollout across the Eastern Caribbean region.

Senate approves coronavirus stimulus: Next stop – White House

The JCT has also released a technical explanation of the credit provisions.

Malta urged to use golden passport funds to fight coronavirus

But economy minister deems move ‘unwise’

Anyone travelling to the Bailiwick of Guernsey from anywhere in the world will have to self-isolate for 14 days

An exemption list for ‘critical roles’ to travel for reasons that are critical to the running of the Island will accompany this measure and is currently being prepared.

Butterfield lowers rates, reviews fees and terms

The bank is also reviewing fee schedules and payment terms of certain other products and may make changes to provide additional relief to customers

Government encourages use of online services

We want the general public to apply online for what services are available there and skip the lines.

BMA offers one month filing extension to all insurers

The BMA also said it recognised the challenges around holding physical board meetings in Bermuda

ESMA and CSSF guidance on the impact of COVID-19 on financial markets

Both ESMA and the CSSF have stressed the importance of maintaining an ongoing and active cooperation between national and European competent authorities.

The use of Jersey companies in cash box structures

This guide describes some of the reasons for using cash box structures, how they work, and why Jersey companies are particularly well suited to cash box transactions.

COVID-19 Emergency Business Support Measures to be Introduced

The first emergency support measures for businesses and workers affected by Coronavirus (Covid-19) have been announced today by the Isle of Man Government. The measures include the introduction of a National Insurance Holiday for employers in certain sec

Three banks to lower lending rates

The bank will review each case on an individual basis to determine the most appropriate way to support customers that are facing particular challenges.

Client Alert March 2020: Offshore Trustees Briefing Note

Year-end housekeeping for 5 April 2020

Regulation, Risk & Compliance