03/14/2023
Circle reassures depositors in wake of SVB collapse
SVB, which was popular with tech start-ups, was toppled late last week after a run by bank customers.
Regulation, Risk & Compliance
03/13/2023
Bermuda emerging as jurisdiction of choice for European investors in CRE CLOs
The collateral comprises real estate loans backed by mortgages over the underlying real estate assets.
03/13/2023
Attorney General issues guidance note to all directors on insolvent liquidation
The guidance note applies to all Jersey company directors, not only those in the financially regulated environment.
03/13/2023
Bank of Jamaica issues 'no objection' to Cornerstone’s reorganisation
The Central Bank also advised that the consolidation of Barita Finance Limited and MJR Real Estate Holdings Limited be pursued for prudential reporting purposes as a part of Cornestone's restructuring exercise.
03/13/2023
Athene likely tops creditors to failed Silicon Valley Bank
We cannot be sure if companies have bought or sold additional securities
03/10/2023
Compliance and Governance: The Cornerstones of Reputational Advantage
It’s interesting to note just how far the compliance, risk and governance conversation has come over the past decade since Jersey agreed that FATCA style agreement with the UK.
03/10/2023
Legislative and regulatory developments in Bermuda for Q4 2022
The work on modernising the laws on patents and registered designs is expected to result in two pieces of new legislation, instead of the current consolidated legislation and consistent with the current approach of the UK.
03/10/2023
Barbados’ Government and trade unions reach agreement on salary increases
NUPW general secretary, Richard Greene, told reporters that “the agreement entails a BDS$1 500 lump sum payment that is tax-free that will only include National Insurance deductions to maintain the pension entitlement, and that would be for the year
03/09/2023
Close Finance completes deal with BGR
Adrian Tett, Managing Director of BGR, added: “With Close Finance’s help, we have been able to increase our capacity and look forward to taking BGR to the next level.”
03/09/2023
Bermuda life leaders welcome regulatory updates
Yu said: “We welcome this framework. It is robust and well thought through.”
03/08/2023
IoM Treasury ends contract with MJ Hudson Investment Advisers
The tender process to appoint investment managers is ongoing and it would be inappropriate to comment on the detail at this time.
03/08/2023
Director Disqualification – Jersey Attorney General's Guidance for Directors
Directors of well run companies who act appropriately should not have any concerns arising from the Guidance.
03/07/2023
Pintard: NO PAC overreach on contract info requests
Attorney General Ryan Pinder wroted a letter to Pintard, the PAC chairman, sent in care of the House of Assembly’s clerk, on February 21.
03/07/2023
Welcome Changes to the Key Employee Engagement Programme
KEEP is a tax efficient share option scheme for SMEs and start-up businesses which is designed to support and incentivise SMEs in their efforts to attract and retain key employees.
03/06/2023
BVI Business Companies Act and Related Legislation
This Compendium does not, however, contain the various forms and filings prescribed by the legislation; these are available on request from Conyers Dill & Pearman.
03/06/2023
Personal Injury Claims in Jersey
It used to be the case that if you lost your case, you would usually be liable to pay the defendant’s costs.
03/03/2023
SiriusPoint and Compre complete substantive LPT deal
The LPT will be underwritten by Compre’s class 3B Bermudian reinsurer, Pallas Reinsurance Company.
03/03/2023
Many unit trusts now within scope of TRS registration, following HMRC change
This change is now likely to see Jersey and Guernsey Property Unit Trusts (JPUTs/GPUTs) require to be registered on the TRS, where they meet the necessary requirements.
03/03/2023
New bills would expose offshore tax havens, boost whistleblower protections
This bill will provide vital transparency to both the American public and investors as to how these corporations abuse our broken tax system
03/02/2023
Bermuda insurer Fidelis plans IPO
The Fidelis Insurance Group capital structure remained unchanged