05/30/2023
Are You PIPA Ready?
PIPA outlines the requirements for individuals and organisations that use personal information, as well as the rights that individuals have regarding the use of their personal information.
Regulation, Risk & Compliance
05/30/2023
Jersey’s financial services regulator proposes funds fee increase of 14.7%
The JFSC says: “This increase is in line with our Business Plan and budget which included an expectation of RPI plus 2%.
05/30/2023
Company Restorations in the BVI and the Business Companies (Amendment) Act 2022's Transitional Provisions
The Amendment Act changed the landscape of restoring companies to the Register of Companies (the Register) in the BVI
05/29/2023
Saudi Fund signs 2 loan agreements of $16mln in Saint Vincent and the Grenadines
The agreements also come in line with SFD’s aim in supporting the healthcare and social infrastructure sectors
05/26/2023
An Offshore Perspective: Reservation of Powers in BVI Trusts
Trust instruments can also appoint a protector, who may have other powers including authorising trustees to exercise their powers.
05/26/2023
Termination of Employment during Probation
The employer did not have an in-house human resources function.
05/26/2023
Chambers Corporate M&A Global Practice Guide 2023 – Trends and Developments, Cayman Islands
The guide summarises the key trends and developments in the Cayman Islands over the last year.
05/26/2023
Enforcement of arbitral awards in the British Virgin Islands
The distinction between recognition and enforcement is worth highlighting.
05/26/2023
Company for the 'ultra-rich' had rights breached by €373,000 FIAU fine
Court says law did not assure Insignia Cards Ltd right to a fair hearing
05/25/2023
Former StanChart CEO failed in bid to escape fine and ban in Guernsey
In fighting against the sanction, Mr Kelham questioned why he had faced action when others that were involved had not.
05/25/2023
Office of Data Protection Authority marks 5 years since introduction of landmark legislation
It has been a huge privilege for me to be Commissioner for the Bailiwick during this important chapter in our history
05/25/2023
Significant Risk Transfer Transactions
Ireland has a favourable legal and tax framework
05/25/2023
Economic substance fines and penalty notices
For clients to whom we provide registered office services, we would like to remind you that when you submit your economic substance notifications and returns through Harneys Connect, the submission process does not include a review by one of our experts.
05/25/2023
BOJ on track to issue new banknotes in June
The notes will sport a new design, and the material used should make them 50 per cent more durable.
05/25/2023
Government extends consultation period for Corporate Income Tax Green Paper
The Ministry of Finance last week released a Green Paper presenting four corporate income tax strategies for The Bahamas.
05/24/2023
Cutting costs: “Difficult and unpalatable decisions will need to be made”
“It will be those same Committees who will later be tasked with implementing the changes."
05/24/2023
Competition Regulator launches consultation on proposed acquisition of Airtel by Sure
Sure offered a number of conditions to mitigate the potential harm to competition from the Proposed Transaction
05/24/2023
Crown Dependencies announce joint approach to Pillar Two Framework
Guernsey, Jersey and the Isle of Man each intends to implement an "Income Inclusion Rule"
05/24/2023
Bermuda Extends Streamlined Actuarial Work Permits Pending Policy Review
The expedited process grants employers time-saving benefits
05/24/2023
Cayman Islands funds – CIMA regulatory measures update
This Rule requires that the operators of a regulated fund must meet at least once a year.