Managers of Wealth Offshore

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

New reforms in Seychelles aim to align tax rates for businesses

The report follows two consultative meetings held in Seychelles in July and October last year with all business sectors.

A guide to GPUTs (Guernsey Property Unit Trusts)

This is different from the position with a company, where shareholders have no direct ownership interest in the company's assets.

The implications of coronavirus on the aviation finance industry

Concern is rising generally for airlines, do they have enough liquidity to survive until the flight restrictions and corporate travel bans are lifted

COVID-19 Mitigation Measures

The government's second announcement requested that all individuals should practise "social distancing"

Cayman to shut down air travel for 3 weeks

All passenger air traffic, including private aircraft, will stop Sunday when the islands will essentially be on lockdown.

Isle of Man: Coronavirus measures announced to protect community and economy

Those not displaying symptoms of coronavirus will be required to self-isolate for at least 14 days, to eliminate the possibility they are carrying infection

Cyprus Bar Association’s mandatory questionnaire on AML/CFT

The procedure covers the periods 1 January 2018 – 31 December 2018 and 31 December 2018 – 31 December 2019 and must be completed by 30 April 2020 by all supervised persons.

Coronavirus: Remote working for financial services

It’s an unprecedented situation with a large proportion of the global workforce now working from home in an attempt to delay and contain the virus.

Arrivals to Bermuda from March 17 ordered to self-quarantine for 14 days

Health personnel will contact people known to be in self-quarantine to monitor their health.

Ogier instrumental in £140 million financing deal for The Collective

The Collective will use the finance package to acquire additional development sites, with a particular focus on the UK, Germany, Ireland and the US.

States of Guernsey issues guidance for Guernsey businesses in light of the coronavirus situation

Develop platforms such as hotlines and, dedicated websites for communicating status and actions to employees, vendors, suppliers, and customers.

Filing deadline looms for Bermuda PTCs

The island presents a flexible, cost effective regime for the formation of PTCs, which are companies formed for the sole purpose of acting as trustee for a specific trust or a limited group of related trusts.

Insurance companies working with government on virus

When a pandemic is declared by the World Health Organization, Brown said, the Public Health Department usually steps in to “contain, provide care, and monitor the treatment of the entire population”.

Coronavirus (COVID-19) - Impact on Economic Substance and Tax

Companies still need to ensure that all meetings continue to otherwise be held in accordance with the company's constitutional documents.

UK ombudsman and lifeboat scheme to extend Gibraltar remit

Treasury sets out consultation to reassess Britain’s financial services relationship with the territory

Channel Islands Financial Ombudsman in breach of Data Protection laws

An early admission was made by the Channel Islands Financial Ombudsman as to the error and immediate action was taken to attempt to redress the situation.

EHI Car Services Limited: The Grand Court Refuses (Again) To Reinvent The Wheel

The Company re-argued several issues which were expressly and repeatedly rejected by the court in previous rulings.

Coronavirus and Economic Substance

The crisis has created an unprecedented set of challenges globally, and this is a helpful indication that Jersey is able to offer practical solutions to continue to run businesses companies in this environment.

Regulation, Risk & Compliance