- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

Top tips for responding to a CIMA onsite inspection

Onsite inspections may be full scope, involving a review of all areas of the licensee's operations

Appleby Mauritius successfully obtains Interim Relief under the International Arbitration Act 2008.

Such interim relief had to be sought before the Supreme Court of Mauritius against the backdrop of a challenge as to the juridical seat of arbitration.

Constructive Trusts Over Jersey Immovable Property Shown Red Card by the English Court

The often referred to case in this regard is Re the Esteem Settlement [2002] JLR 234 where a victim of fraud sought the recovery of significant sums misappropriated in breach of fiduciary duty

Harneys grants legal scholarship to talented Caymanian

Kayla was born and raised in the Cayman Islands and has always had a keen interest in the financial services industry.

Cayman Islands: Equity Derivatives 2021

The guide includes information on market structure

Economic substance for the British Virgin Islands

The Act applies to existing entities and new entities incorporated or formed from 1 January 2019.

Bermuda Economic Substance Amendment Act 2021

Walkers Professional Services is available to assist entities to file economic substance declarations where required under the ES Act.

Battle of the beneficaries: how to avoid trustee no-man's land

Every situation will of course have its nuances and particular difficulties, but there are some practical steps which can be taken to keep the trustee sailing a straight course through choppy waters.

BVI Trust Law Amendments

The amendments are based on recommendations made by the Trust and Succession Law Review Committee of the local branch of the Society of Trust and Estate Practitioners and this update outlines the main changes which have been made to BVI trust law.

To exclude, or not to exclude, that is the question

Frequently the power is exercised because it is in the fiscal interests of the beneficiary, but there are occasions when it is not in the interests of that beneficiary to be excluded or against that beneficiary's wishes.

Regulations, Registration and Keepers? – A guide to Lodging houses in Jersey

Under the Lodging Houses (Registration) (Jersey) Law 1962 (the Law), the Minister for Housing regulates the amenities of Lodging House accommodation and licences its maximum occupation.

ESG: Balancing Competing Interests - The Court's Intervention

ESG is not just a buzzword used to denote a company's commitment to corporate responsibility.

CAYMAN ISLANDS – Fair rate of interest in section 238 proceedings to include a compounding element

The Court had then indicated that, as there was no legal basis or statutory basis for awarding compound interest, this blended rate (the Midpoint Rate) was to be applied on a simple interest basis.

Ogier advises SPAC Coliseum Acquisition Corp.

Each unit issued in the offering consists of one Class A ordinary share and one-third of one redeemable warrant.

Small pot pensions lump sums in Jersey: a dangerous loophole or an alternative savings vehicle?

Whilst International Savings Plans may potentially offer international workers greater flexibility with regard to their long-term savings strategies, there is no equivalent product available to Jersey members.

Carey Olsen supports Ventiga on acquisition and merger of Airpas and FuelPlus

They annually manage more than US$76 billion of flight charges and over 28% of commercial jet fuel consumption.

Illegality as a defence under Cayman Islands, British Virgin Islands, and Bermuda law: a comparison with English law and Hong Kong law

The application of the ‘illegality’ doctrine is not straightforward, however, and it requires careful consideration in every case, not least in cross-jurisdictional cases where different governing laws might potentially apply to the issue.

Offshore and IFC