12/05/2019
Collas Crill Explains... Taking Security Over Jersey Contract Rights
This guide looks at the key things you need to know about taking security over Jersey contract rights
Regulation, Risk & Compliance
12/05/2019
Revised Draft Guidance On Economic Substance In Th Cayman Island
While remaining a work in progress, the revised guidance provides detailed and helpful sector specific commentary including illustrative examples with respect to typical scenarios.
12/05/2019
Bermuda Offers Safe Haven for Shipping Companies from Winds of Change
These changes, along with changes that permit competitive fee pricing for shipping groups that register multiple vessels and/or use a Bermuda-incorporated vessel owning entity and have a principal place of business in Bermuda, make Bermuda a more attracti
12/05/2019
Securities Investment Business in the Cayman Islands
We recommend that our clients seek legal advice in the Cayman Islands on their specific proposals before taking steps to implement them.
12/05/2019
Europe to Face More Money-Laundering Scandals, Netherlands Says
EU finance chiefs call for anti-money laundering agency
12/05/2019
Don’t worry about France, pursue other jurisdictions – says former BICA president
In a communication to Parliament, Deputy Prime Minister K Peter Turnquest expressed anger over the shock move.
12/04/2019
Premier says concerns regarding the referendum “have been realised"
“We will now need to await the judicial review in January before having a clear idea as to the way forward."
12/04/2019
Economic substance: it's all about the documentation
The most important thing is for everyone involved in the industry to be diligent in recording what decisions were taken, and why.
12/03/2019
EU Council rejects corporate tax transparency directive
The Organisation for Economic Cooperation and Development adopted country-by-country tax reporting for large multinational companies as part of the Base Erosion Profit Shifting initiative, but the information is not made public.
11/29/2019
Bahamas Targets Middle East On Financial Services
The objective of the STEP Arabia conference was to provide delegates with the latest regional legacy planning developments and practical examples from professionals in the field of trust and estate planning.
11/29/2019
Bermuda Incorporated Segregated Accounts Companies Act Comes Into Force
ISACs will also continue to appeal to managers looking to set up a mini master-feeder fund within the same vehicle.
11/29/2019
Guernsey and Frontier Economics to report on capital flows
Frontier Economics, one of the largest specialist microeconomics firms in Europe, has worked widely in Guernsey, including on sector and economic strategies. As part of this work, it will engage with industry associations, fund administrators and investme
11/29/2019
Ogier advises on Jersey Evening Post relocation
Katharine Marshall has also been appointed to lead the legal team
11/29/2019
Start Up Guernsey to close after 20 years
Having undertaken a review, the Committee is pleased to be furthering its partnership approach by establishing a collaboration between the Digital Greenhouse, Agilisys, Barclays Eagle Lab and the Chamber of Commerce.
11/29/2019
EBA publishes guidelines on ICT and security risk management
These Guidelines set out expectations on how all financial institutions should manage internal and external ICT and security risks that they are exposed to.
11/29/2019
Scotiabank To Sell Its Operations In British Virgin Islands To Republic Bank
The transaction supports the Bank's strategic decision to focus on operations across its footprint where it can achieve greater scale and deliver the best value for customers, Scotiabank said in a statement.
11/29/2019
Nomura receives regulatory approval for crypto custody in Jersey
"This is part of a bigger trend, where institutional custody players are getting their head around the digital assets space.”
11/29/2019
Appleby Advises KKR on GBP 45 Million Acquisition of Prometic Bioseparations
The total purchase price is up to GBP 45 million, subject to adjustments for working capital and indebtedness and the achievement of future revenue thresholds.
11/29/2019
Bermuda’s AML regime among the best in the world: Premier Burt
Bermuda had been ahead of other jurisdictions in accommodating ILS business, which is why he started doing business there more than a decade ago.
11/28/2019
US FATCA crackdown pushing demand for tax advice
The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.