Managers of Wealth Offshore

Big Brother and the Pandemic

The data could be used to inform policy around “de-escalating” lockdown measures and to ensure precious resources are allocated to “hot spots” in an evidence-based manner.

Luxembourg introduces state guarantee scheme for new bank loans for a maximum period of 6 years

The Law also provides for the remuneration of guarantee ranging from 25 basis points for a maturity date of 1 year for small and medium size companies up to 200 basis points for a maturity of six years, for large companies.

Premier: EU blacklist remains concern

Says work to get Cayman removed from list continues "a pace"

EU Executive Proposes Anti-Money Laundering Body

One influential EU lawmaker said it should be a new agency not part of the European Banking Authority.

Wrongful Trading, Fraudulent Trading and Director Duties_A Cayman Islands Perspective

The Cayman Islands government has been praised for its early and aggressive measures to limit the spread of COVID-19.

Jersey poised to launch lockdown exit strategy – but what can UK learn from islanders?

Jersey’s Chief Minister next week expected to make announcement that will see ‘soft lockdown’, which will ease restrictions on island

Cayman: A History of Cooperation and the Building of a World-class IFC

This is due to a variety of factors

Covid-19 assistance: IMF approves $31m for Seychelles

The authorities reacted swiftly by taking immediate measures of containment, including border closures, strengthening health policy responses, and supporting households and firms.

Laws coming to support virtual assets

The RoC notes that while processing times and response rates are not the same as before COVID-19, both have improved in recent days.

Furlough and Redundancy: Jurisdictional Comparison for Ireland, Guernsey and Jersey

This document – created by the employment law specialists in Walkers’ Dublin, Guernsey and Jersey offices

Beneficiary Disputes in Focus

By far the most significant proportion of trust companies surveyed thought that the principal source of beneficiary disputes was disharmony amongst the beneficiary group (64%).

COVID-19: Competition law

Whilst it remains to be seen if the separation of CICRA from 1 July 2020

Guernsey Planning Service confirms position remains unchanged on expiry dates for planning approvals

There are many reasons why a development may not have been started but one of those reasons is that certain planning conditions or building control requirements may have to be satisfied before development can commence.

International Tax Co-operation (Economic Substance) Regulations 2020

The Authority will use this information to determine whether the Relevant Entity in question satisfies the economic substance test under the law (the "ES Test").

O’Neal Webster Advises on JPY 3.8 billion British Virgin Islands Plan of Arrangement

The O’Neal Webster team was led by corporate partner Christopher Simpson and litigation partners Nadine Whyte-Laingand Dan Wise

Branson offers Necker as collateral

He claimed to have created “hundreds of thousands of jobs and paid hundreds of millions in tax” around the world.

Patience urged on pension withdrawals

Thousands seek info, new withdrawal form released

Eastern Caribbean Supreme Court Adopts Measures For Alternative Effect Of Service On BVI Business Companies

These changes will be in effect until the Chief Justice so directs.

Ireland Update: Sustainable Finance DEvelopments

Notwithstanding the impact of the COVID-19 pandemic, April 2020 saw several significant steps as the EU continues to push a harmonised framework for sustainable finance.

Republic of Ireland becomes African Development Bank Group 81st shareholder

Ireland’s Strategy for Africa 2025 includes a commitment to collaborate with the critical financial institution on the continent

Regulation, Risk & Compliance