Managers of Wealth Offshore

Bermuda – 2022 Economic Substance Declaration Form Updates, Registrar of Companies Compliance Reviews and Prospective Compliance Planning

The Registrar has issued two industry notices during the past month.

Court of Appeal: transfer of assets abroad tax rules should be ‘kept in reserve’

Appeals against the statutory appeals and the judicial review were all heard together by the Court of Appeal.

Privy Council permits enforcement of arbitral award under New York Convention despite alleged lack of due process

The Convention provides a set of international legal standards for the recognition and enforcement of arbitration awards

Ireland Update: GDPR Fourth Anniversary

This update looks at those common themes in Ireland and across Europe.

Central Bank Updates Fund Authorisation and Fund Service Provider Information

These updates to the Central Bank’s website are being made as part of a wider review of the Central Bank’s current authorisation processes for UCITS/RIAIFs and QIAIFs which is currently underway.

Why use Jersey companies for acquisition and investment holding structures?

Jersey company law is founded on the same underlying principles as English company law

Central Bank of Ireland Approval Process for UCITS Side-Pocketing Arrangements

Following this segregation, existing investors would receive shares in the new UCITS / sub-fund in the same proportion as their investment in the initial UCITS

The CBB grants a Funds Administration Licence to Crestbridge Funds Services W.L.L.

Crestbridge has administered funds and provided administration and operational governance services in Bahrain for 17 years

Winding up a company invested and managed in the Middle East - Al Najah Education Limited

Historic concerns on dissipation and mismanagement which are now irrelevant will unlikely persuade the Court to appoint provisional liquidators.

Proposed CBI leverage limits and liquidity guidance for Irish domiciled property funds

The CBI therefore conducted an in-depth regulatory review of the Irish property fund sector, uncovering two potential sources of financial vulnerability: leverage and liquidity mismatch.

Reflections from the Wilberforce Chambers Commercial Conference 2022

This is an area of law that relies heavily on evidence, but the legal principles of tracing, the burden of proof and even the applicable governing law are always evolving.

New UK legislation affects overseas companies holding UK property

A further Economic Crime and Corporate Transparency Bill, which will provide for wider reform of the UK's Companies House, is expected to be introduced in due course.

SC And Labuan FSA Ink MOU To Strengthen Regulatory Co-Operation And Collaboration

This collaborative arrangement is an important initiative to grow our capital markets and achieve greater cooperation and synergy between the SC and Labuan FSA.

Directors’ considerations amidst geopolitical unrest

Having headquarters in Cyprus may serve as a solution to businesses with global operations including in the affected areas in Eastern Europe.

Evaluating Investment Opportunities

The context in which an NDA is negotiated, will set the tone of the freedoms and restrictions governing the disclosure or exchange of information.

Case update: Jersey Royal Court clarifies the scope of costs 'of and incidental to' proceedings

The Judicial Greffier's approach to taxation on the standard and indemnity basis

Malta fails to implement anti-corruption strategy called for by European watchdog

This report was adopted by GRECO at its 88th Plenary Meeting

Jersey Funds Law Series – ESG Funds and Sustainable Investments

Persons registered to carry on Investment Business under the FS Law that provide investment advice on ESG Funds must either inform and make available to the client

Jersey fund manager relocation

A fund management company relocating to Jersey is subject to a rate of Jersey income tax of zero percent.

Statutory demands in the BVI: no longer truly optional?

The Court in Lenox International highlighted the importance of following the "two-step process" to wind up a company on the basis of its insolvency.

Regulation, Risk & Compliance