03/31/2020
Director duties in difficult times – practical advice for directors of a BVI company facing financial trouble
A BVI company may be insolvent on a cash flow or balance sheet basis.
Regulation, Risk & Compliance
03/31/2020
Cayman Finance: Industry is showing resilience
He urged member firms and their employees to comply with the measures announced by the government.
03/31/2020
States-back loan guarantee scheme launched to provide further financial support to Bailiwick businesses
This scheme will play a large part in helping some businesses get the fast support that they need.
03/31/2020
IoD announces support for Guernsey business leaders
The committee hopes to understand the immediate impact of the pandemic on local organisations
03/31/2020
Mutual funds in the Cayman Islands
The Mutual Funds Law contemplates five categories of regulated mutual funds: (1) licensed mutual funds, (2) administered mutual funds, (3) registered mutual funds, (4) limited investor funds and (5) EU connected funds.
03/31/2020
Third reprimand issued by Guernsey's Data Protection Authority
The Channel Islands Financial Ombudsman (CIFO) has been given a formal reprimand by the Office of Data Protection Authority (the Authority). This is the third public reprimand that the Authority has issued to date.
03/31/2020
The Commission releases Two New FAQs regarding the provision of Signatures:
The Commission has received a number of enquiries from licensees who are working, with limited IT capacity, from home.
03/30/2020
COVID-19: Audi, McDonald’s And Other Brands Redesign Logo To Promote ‘social Distancing’
Meanwhile, several corporate brands have come up with innovative ideas to promote the message of social distancing at the time of the public health crisis.
03/30/2020
Extensions Given for Annual Returns and Economic Substance Notifications
Due to the circumstances, the Cayman Islands Government is considering a number of ways and has taken a number of initiatives to ensure that ‘business as usual’ can continue in these unusual times.
03/30/2020
Update on Extensions to Cayman Islands Filing Deadlines and Other Measures
The extension will apply to all companies, including limited liability companies and foundation companies.
03/30/2020
Government of Jersey - Stay at Home Order - Essential workers in Financial Services
Please note these essential workers arrangements do not apply to all financial services sectors.
03/30/2020
Directors Duties
Licensed entities are of course subject to the law
03/30/2020
Cayman Islands Financial Services Industry shows its resilience during COVID-19 National Measures
Mr Scott urged member firms and their employees to comply with the measures announced by the Government.
03/30/2020
The Royal Court recognises Canadian 'debtor in possession' bankruptcy orders over a Jersey company
It is the first time that such Canadian proceedings have been recognised in Jersey.
03/30/2020
The Continued Use of Oddshore SPVS for Sukuk Issuances
More and more issuers from other GCC countries are entering the international debt capital markets through the issuance of Sukuk.
03/29/2020
Amendments Made to the Malta Retirement Programme, Global Residence Ptogramme, Residence Programme and the United Nationas Pensions Programmes Rules
This Legal Notice specifies that such household staff must be in an employment relationship with the beneficiary
03/29/2020
COVID-19: Directors Need To Avoid Getting Caught Flat-Footed
In these challenging and unsettling times directors must remain mindful of ensuring they continue to comply with their common law fiduciary and statutory duties
03/27/2020
Jersey Chamber of Commerce fires attack at Chief Minister
Since then there has been absolutely no practical change in the situation; not a single pound has yet been released to help employees keep their jobs.
03/27/2020
COVID-19: FCA expectations on financial resilience for FCA solo-regulated firms
The FCA has announced that it will delay the publication of the directory of certified and assessed persons, which was due to be published by the end of March, for at least a month.
03/27/2020
Offshore Business Update: Seychelles
For good standing of a company one may rely on a Director’s Certificate or Certificate of Incumbency issued by the Company Secretary or Registered Agent, if available and at client’s own risk.