Managers of Wealth - Legal http://legal.managersofwealth.com/ Thu, 23 Jan 2025 05:49:52 GMT part of MediaG8way Group http://legal.managersofwealth.com/ http://legal.managersofwealth.com/assets/images/logo.png Managers of Wealth - Legal KohanaPHP Navigating wealth preservation and growth: Insights from Richard Grasby News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79345/navigating-wealth-preservation-and-growth-insights-from-richard-grasby Richard also highlights the value of transparent, client-focused services and the increasing role of next generation leaders in shaping family governance and succession planning. Wealth, Trusts and Family Office Private wealth management – have you considered the SPF? News Team Friday, January 17, 2025 12:00 am http://legal.managersofwealth.com/article/79297/private-wealth-management-ampndash-have-you-considered-the-spf The Circular provides that, should an SPF have its statutory seat or central administration in Luxembourg, it is eligible to receive a certificate from the LTA confirming its residency status in accordance with Luxembourg law. Wealth, Trusts and Family Office Ogier’s global head of Private Wealth Matt Guthrie named in eprivateclient 2025 50 Most Influential News Team Monday, January 13, 2025 12:00 am http://legal.managersofwealth.com/article/79233/ogieramprsquos-global-head-of-private-wealth-matt-guthrie-named-in-eprivateclient-2025-50-most-influential Matt’s inclusion in the definitive rankings follows a thorough judging process which considered candidates’ achievements and their impact on the profession in the past 12 months. Wealth, Trusts and Family Office The great wealth transfer and the rise of offshore structures for Saudi families News Team Wednesday, December 18, 2024 12:00 am http://legal.managersofwealth.com/article/79001/the-great-wealth-transfer-and-the-rise-of-offshore-structures-for-saudi-families Offshore trusts offer numerous benefits such as asset protection, tax efficiency and privacy. Wealth, Trusts and Family Office Trump's Ultra-Wealthy Picks Face a Huge Tax Hit to Join His Cabinet — But Can Avoid It Thanks to This Little Known Provision News Team Wednesday, December 04, 2024 12:00 am http://legal.managersofwealth.com/article/78862/trumpamp039s-ultra-wealthy-picks-face-a-huge-tax-hit-to-join-his-cabinet-ampmdash-but-can-avoid-it-thanks-to-this-little-known-provision Mr. Rizzi warned, there are inherent risks involved Wealth, Trusts and Family Office Hermès challenges Rothschilds on trademark use: a defining moment for the 'MetaBirkin’ News Team Tuesday, November 26, 2024 12:00 am http://legal.managersofwealth.com/article/78763/hermampegraves-challenges-rothschilds-on-trademark-use-a-defining-moment-for-the-amp039metabirkinamprsquo In this article, Withers' intellectual property partner Gina Bibby analyses the court's comments during a recent oral argument and what brand owners and creatives can learn from it. Wealth, Trusts and Family Office Sustained success for Collas Crill's private client team News Team Tuesday, November 19, 2024 12:00 am http://legal.managersofwealth.com/article/78679/sustained-success-for-collas-crillamp039s-private-client-team The restructure has reaped benefits, not only in terms of providing clients with the best possible team for each matter but also partner-led and seamless support across time zones. Wealth, Trusts and Family Office Leveraging alternative jurisdictions – South Africa and the British Virgin Islands News Team Friday, October 25, 2024 1:00 am http://legal.managersofwealth.com/article/78413/leveraging-alternative-jurisdictions-ampndash-south-africa-and-the-british-virgin-islands No standard structure exists for any family or business, but specific methods and solutions have worked for families for generations. Wealth, Trusts and Family Office Stephenson Harwood advises on sale of Whitley Asset Management to Cazenove Capital News Team Tuesday, October 15, 2024 1:00 am http://legal.managersofwealth.com/article/78290/stephenson-harwood-advises-on-sale-of-whitley-asset-management-to-cazenove-capital WAM manages assets of approximately £1.5 billion on behalf of ultra-high net worth entrepreneurs and charity clients. Wealth, Trusts and Family Office Farrer & Co advises Canaccord Genuity Wealth Management on its acquisition of Cantab Asset Management Ltd News Team Thursday, October 03, 2024 1:00 am http://legal.managersofwealth.com/article/78162/farrer-ampamp-co-advises-canaccord-genuity-wealth-management-on-its-acquisition-of-cantab-asset-management-ltd The Farrer & Co team was led by Simon Ward Wealth, Trusts and Family Office Trade marks practice updates in the Bahamas News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79337/trade-marks-practice-updates-in-the-bahamas This update first appeared in January 2025 and has been republished with permission from INTA. Government Regulation Jersey real estate roundup News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79338/jersey-real-estate-roundup 2024 year in review Government Regulation Trump’s executive orders focus on energy, AI, tax, trade and climate News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79342/trumpamprsquos-executive-orders-focus-on-energy-ai-tax-trade-and-climate Global climate and tax policy are among the issues addressed in the executive orders, along with the US approach to trade, AI regulation and energy generation. Government Regulation Climate law duties trump local plan in Irish wind farm ruling News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79344/climate-law-duties-trump-local-plan-in-irish-wind-farm-ruling The court was critical of An Bord Pleanála for placing so much emphasis on the visual impact the wind turbines Government Regulation New rules for Privy Council appeals News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79321/new-rules-for-privy-council-appeals The New Rules apply to all appeals filed with the JCPC on or after 2 December 2024, including applications for permission to appeal. Government Regulation Irish Programme for Government recognises importance of AI News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79327/irish-programme-for-government-recognises-importance-of-ai This follows the recently refreshed National AI strategy published in November 2024. Government Regulation Waste management in the fashion industry legal perspectives and sustainable solutions News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79305/waste-management-in-the-fashion-industry-legal-perspectives-and-sustainable-solutions The fashion industry generates a wide range of waste from both the production and consumer perspectives Government Regulation Industry guidance could support UK pensions investment plans, say experts News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79306/industry-guidance-could-support-uk-pensions-investment-plans-say-experts Pinsent Masons has backed other proposals in the government’s consultation that would give pension providers scope to unilaterally trigger pension transfers Government Regulation CMA prepares for revamped UK consumer protection regime News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79308/cma-prepares-for-revamped-uk-consumer-protection-regime Competition and consumer law experts Angelique Bret and Tadeusz Gielas, of Pinsent Masons, were commenting on two parallel CMA public consultations Government Regulation EU Commission calls on Member States to evaluate outbound investments News Team Friday, January 17, 2025 12:00 am http://legal.managersofwealth.com/article/79289/eu-commission-calls-on-member-states-to-evaluate-outbound-investments The Commission considers these three technology areas to be of strategic importance and the highest risk to the EU’s economic security. Government Regulation Tax reforms to encourage investments in Luxembourg News Team Monday, January 13, 2025 12:00 am http://legal.managersofwealth.com/article/79228/tax-reforms-to-encourage-investments-in-luxembourg The corporate income tax rate has been reduced from 15% to 14% for companies with taxable income below €175,000 Tax UK tipped to follow EU and Australia on public country-by-country tax reporting News Team Friday, January 10, 2025 12:00 am http://legal.managersofwealth.com/article/79213/uk-tipped-to-follow-eu-and-australia-on-public-country-by-country-tax-reporting Australian ministers have the power to specify certain jurisdictions Tax Luxembourg tax: what's new in 2025? News Team Monday, January 06, 2025 12:00 am http://legal.managersofwealth.com/article/79142/luxembourg-tax-whatamp039s-new-in-2025 The global ordinary rate lowers from 24.94% to 23.87% for companies based in Luxembourg City. Tax House Speaker Plans Vote on Taiwan Double Taxation Relief Bill News Team Monday, January 06, 2025 12:00 am http://legal.managersofwealth.com/article/79159/house-speaker-plans-vote-on-taiwan-double-taxation-relief-bill The four corners agree the Taiwan tax bill should become law Tax Jersey and the Global Minimum Tax – the OECD Pillar Two Rules News Team Wednesday, December 18, 2024 12:00 am http://legal.managersofwealth.com/article/79009/jersey-and-the-global-minimum-tax-ampndash-the-oecd-pillar-two-rules The laws should be kept under review and advice confirming the application should be sought. Tax Ireland’s latest Finance Act provides tax clarity for multinationals News Team Monday, December 16, 2024 12:00 am http://legal.managersofwealth.com/article/78981/irelandamprsquos-latest-finance-act-provides-tax-clarity-for-multinationals Ireland transposed the EU Minimum Tax Directive, which was based on the Pillar Two GloBE rules, into its domestic laws in 2023, Tax Tax rises for Charities in the UK following the October Budget Announcement News Team Friday, December 13, 2024 12:00 am http://legal.managersofwealth.com/article/78969/tax-rises-for-charities-in-the-uk-following-the-october-budget-announcement The uplift comes amidst other pressures facing the charities sector, including a 6.7% rise in the national living wage effective from 1 April 2025. Tax Setting up a UK subsidiary: key tax considerations News Team Tuesday, December 10, 2024 12:00 am http://legal.managersofwealth.com/article/78917/setting-up-a-uk-subsidiary-key-tax-considerations Companies must self assess their corporation tax liability. Tax Court of Appeal decision highlights complexities in group litigation orders News Team Tuesday, December 10, 2024 12:00 am http://legal.managersofwealth.com/article/78922/court-of-appeal-decision-highlights-complexities-in-group-litigation-orders The Court of Appeal was tasked with considering three preliminary issues that had been previously addressed by the High Court in 2023. Tax Destination UK: Tax regime for new residents from 6 April 2025 News Team Friday, December 06, 2024 12:00 am http://legal.managersofwealth.com/article/78882/destination-uk-tax-regime-for-new-residents-from-6-april-2025 From 6 April 2025, the concept of 'domicile' will largely cease to be relevant for tax purposes. Tax Dentons named among Canada’s Top Employers for Young People News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79350/dentons-named-among-canadaamprsquos-top-employers-for-young-people This award reflects the Firm’s commitment to investing in the professional and personal growth of the next generation of young professionals in Canada. Comment, Analysis & Research Two Freshfields Practices Named 2024 Law360 Practice Groups of the Year News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79352/two-freshfields-practices-named-2024-law360-practice-groups-of-the-year This is a first-time recognition for the firm’s Life Sciences practice Comment, Analysis & Research Baker McKenzie moves to new office at Varso Tower News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79328/baker-mckenzie-moves-to-new-office-at-varso-tower It is an honour and pleasure to support companies that are aware of the needs of their clients and employees. Comment, Analysis & Research Dentons in New Zealand recognised in The Legal 500’s 2025 Asia Pacific guide News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79307/dentons-in-new-zealand-recognised-in-the-legal-500amprsquos-2025-asia-pacific-guide This achievement comes from client testimonials and surveys acknowledging the consistent high standard of service and experience they receive from Dentons. Comment, Analysis & Research Chambers Asia Pacific and Greater China 2025 rank Mayer Brown in 14 practice areas and recognize 18 lawyers News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79318/chambers-asia-pacific-and-greater-china-2025-rank-mayer-brown-in-14-practice-areas-and-recognize-18-lawyers The publication also recognized 18 Mayer Brown lawyers in a total of 21 rankings across eight jurisdictions Comment, Analysis & Research Bedell Cristin partner Kristian Wilson named a Leading Partner in the latest Legal 500 Asia Pacific rankings News Team Friday, January 17, 2025 12:00 am http://legal.managersofwealth.com/article/79298/bedell-cristin-partner-kristian-wilson-named-a-leading-partner-in-the-latest-legal-500-asia-pacific-rankings The Legal 500 is widely regarded as a benchmark for excellence in the legal profession Comment, Analysis & Research Walkers Tops Rankings in 2025 Chambers Asia Pacific & Legal 500 Asia Offshore Guides News Team Friday, January 17, 2025 12:00 am http://legal.managersofwealth.com/article/79300/walkers-tops-rankings-in-2025-chambers-asia-pacific-ampamp-legal-500-asia-offshore-guides This achievement highlights our unwavering commitment to delivering exceptional service to our clients. Comment, Analysis & Research Carey Olsen Singapore ranked Tier 1 for fourth consecutive year by The Legal 500 News Team Friday, January 17, 2025 12:00 am http://legal.managersofwealth.com/article/79303/carey-olsen-singapore-ranked-tier-1-for-fourth-consecutive-year-by-the-legal-500 Carey Olsen is now one of the largest offshore law firms in Asia Comment, Analysis & Research Mourant Singapore team recognised in Legal 500 Asia-Pacific 2025 News Team Thursday, January 16, 2025 12:00 am http://legal.managersofwealth.com/article/79274/mourant-singapore-team-recognised-in-legal-500-asia-pacific-2025 The Mourant team is now ranked in 'Singapore - Offshore' in Legal 500 Asia-Pacific 2025. Comment, Analysis & Research Dentons lawyers recognised in Legal 500 Asia-Pacific Guide 2025 News Team Thursday, January 16, 2025 12:00 am http://legal.managersofwealth.com/article/79285/dentons-lawyers-recognised-in-legal-500-asia-pacific-guide-2025 Australia Chair and Australasia Region CEO, Amber Warren said she was incredibly proud of Dentons’ achievement. Comment, Analysis & Research Bindmans’ Private Client team participates in Will Aid 2024 News Team Wednesday, November 13, 2024 12:00 am http://legal.managersofwealth.com/article/78622/bindmansamprsquo-private-client-team-participates-in-will-aid-2024 Running throughout November, the Will Aid scheme supports charitable causes whilst giving people the chance to access a professionally written Will. Charity & Philanthropy Maximising impact in philanthropy: how blended finance scales impact News Team Wednesday, October 30, 2024 12:00 am http://legal.managersofwealth.com/article/78463/maximising-impact-in-philanthropy-how-blended-finance-scales-impact Blended finance initiatives will play an indispensable role in funding solutions to global challenges Charity & Philanthropy Maples Group to Title Sponsor the IRC European Championship 2024 News Team Wednesday, August 14, 2024 1:00 am http://legal.managersofwealth.com/article/77598/maples-group-to-title-sponsor-the-irc-european-championship-2024 The IRC European Championship, which alternates between the North and South of Europe (the Channel and the Mediterranean Sea), is a flagship event of the Royal Ocean Racing Club. Charity & Philanthropy Appleby Bermuda Makes 25th Holiday Donation to Star Charity News Team Wednesday, December 20, 2023 12:00 am http://legal.managersofwealth.com/article/75029/appleby-bermuda-makes-25th-holiday-donation-to-star-charity Appleby has been supporting STAR charity during the holidays since 1998, supporting six families with food hampers, fruit baskets and gifts, with gift certificates this year for 30 family members. Charity & Philanthropy Withers' charity and philanthropy team wins recognition in major legal directories News Team Friday, November 03, 2023 12:00 am http://legal.managersofwealth.com/article/74485/withersamp039-charity-and-philanthropy-team-wins-recognition-in-major-legal-directories The Withers’ charities and philanthropy team has been recognised as a top tier practice by leading directories Legal 500 and Chambers and Partners for 2023/2024. Charity & Philanthropy Carey Olsen partners with World Triathlon Bermuda and legal team compete to raise funds for Family Centre Bermuda News Team Tuesday, October 11, 2022 1:00 am http://legal.managersofwealth.com/article/70064/carey-olsen-partners-with-world-triathlon-bermuda-and-legal-team-compete-to-raise-funds-for-family-centre-bermuda Carey Olsen Bermuda is a supporter of many community-based sports and activities. Charity & Philanthropy Ethical investment - latest for charities on striking the right balance News Team Friday, May 13, 2022 1:00 am http://legal.managersofwealth.com/article/68241/ethical-investment-latest-for-charities-on-striking-the-right-balance How should charity trustees approach the thorny issue of avoiding investments that conflict with their charity’s purposes whilst at the same time trying to maximise financial returns? This was the dilemma at the heart of a recent High Court ruling Charity & Philanthropy Cayman Islands Foundation Companies for DAOs, Defi and NFTs News Team Thursday, April 07, 2022 1:00 am http://legal.managersofwealth.com/article/67795/cayman-islands-foundation-companies-for-daos-defi-and-nfts One of the most important considerations, as explained further below, is the Cayman Virtual Assets (Service Providers) Act (VASP Act) and how it might impact a project. Charity & Philanthropy Bedell Cristin sponsors artwork installation at La Vallette Bathing Pools in collaboration with GCFE young designers News Team Friday, August 20, 2021 1:00 am http://legal.managersofwealth.com/article/64520/bedell-cristin-sponsors-artwork-installation-at-la-vallette-bathing-pools-in-collaboration-with-gcfe-young-designers There will be a focus on education, the history and heritage of the site, sustainability, the environment and social interaction. Charity & Philanthropy Philanthropy 2021: 'Doing Better at Doing Good' News Team Friday, August 13, 2021 1:00 am http://legal.managersofwealth.com/article/64398/philanthropy-2021-amp039doing-better-at-doing-goodamp039 Many philanthropic funders rose to the occasion and expanded their grants programmes to accommodate the uncertainty and increasing need. Charity & Philanthropy Jersey funds law series - professional investor regulated scheme exemption for service providers News Team Friday, October 27, 2023 1:00 am http://legal.managersofwealth.com/article/74417/jersey-funds-law-series-professional-investor-regulated-scheme-exemption-for-service-providers The administration and management of Jersey investment structures can be complex and requires service providers to be aware of the regulatory requirements and exemptions that they may face when providing relevant services in respect of such structures. Money Laundering and AML British Virgin Islands: Premier Andrew Fahie arrested in US drug sting News Team Friday, April 29, 2022 1:00 am http://legal.managersofwealth.com/article/68080/british-virgin-islands-premier-andrew-fahie-arrested-in-us-drug-sting Premier Andrew Fahie was detained in Miami by US agents posing as cocaine traffickers from a Mexican drug cartel. Money Laundering and AML The sports industry: Laundering more than dirty kit? News Team Friday, April 29, 2022 1:00 am http://legal.managersofwealth.com/article/68084/the-sports-industry-laundering-more-than-dirty-kit But unfortunately, the reality is that the sports industry can be an attractive target for criminal activity, including money laundering. Money Laundering and AML Gambling AML: Money Laundering Through Casinos News Aggregation Team Friday, April 29, 2022 1:00 am http://legal.managersofwealth.com/article/68087/gambling-aml-money-laundering-through-casinos One of the industries with the biggest risk of money laundering is casinos. Money Laundering and AML Signatures for Sale: How Nominee Services for Shell Companies Are Abused to Conceal Beneficial Owners News Team Friday, April 29, 2022 1:00 am http://legal.managersofwealth.com/article/68089/signatures-for-sale-how-nominee-services-for-shell-companies-are-abused-to-conceal-beneficial-owners The report draws evidence from a global mystery shopping exercise based on thousands of solicitations for shell companies, as well as marketing information from shell company providers, and journalistic and policy research on the topic. Money Laundering and AML Guernsey AML News Team Thursday, March 31, 2022 1:00 am http://legal.managersofwealth.com/article/67700/guernsey-aml Guernsey has a democratic assembly known as the States of Guernsey; Alderney and Sark have their own parliaments. Money Laundering and AML 10 measures to expose sanctioned Russian oligarchs’ hidden assets News Team Friday, March 04, 2022 12:00 am http://legal.managersofwealth.com/article/67290/10-measures-to-expose-sanctioned-russian-oligarchsamprsquo-hidden-assets The Tax Justice Network has in response published a briefing detailing 10 transparency measures Money Laundering and AML More change proposed to Jersey's AML regime: Are you Exempt? News Team Thursday, February 24, 2022 12:00 am http://legal.managersofwealth.com/article/67173/more-change-proposed-to-jerseyamp039s-aml-regime-are-you-exempt The rationale for the application of certain current scope exemptions, which mean certain businesses do not have to comply with the anti-money laundering framework, was also identified by the MONEYVAL Report as a cause for concern. Money Laundering and AML US Treasury's AML report weighs against increased regulations in art market for now News Team Thursday, February 17, 2022 12:00 am http://legal.managersofwealth.com/article/67074/us-treasuryamp039s-aml-report-weighs-against-increased-regulations-in-art-market-for-now Contrary to what many had expected, however, FinCEN concluded that there is limited evidence of money laundering and little risk of terror financing through the sale of high value art. Money Laundering and AML EU AML update: solutions for affected Cayman securitisation entities News Team Tuesday, February 08, 2022 12:00 am http://legal.managersofwealth.com/article/66946/eu-aml-update-solutions-for-affected-cayman-securitisation-entities Regulations prohibits the establishment of securitisation special purpose entities (SSPEs) in countries listed on the EU AML blacklist Money Laundering and AML Sole Offshore Law Firm Among Leading IPO Advisers in Q1 2024 News Team Friday, August 16, 2024 1:00 am http://legal.managersofwealth.com/article/77617/sole-offshore-law-firm-among-leading-ipo-advisers-in-q1-2024 The private equity community is expected to be a key driver of activity, both in the second half of 2024 and into 2025. Offshore and IFC Bermuda – 2022 Economic Substance Declaration Form Updates, Registrar of Companies Compliance Reviews and Prospective Compliance Planning News Team Friday, May 27, 2022 1:00 am http://legal.managersofwealth.com/article/68414/bermuda-ampndash-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. Offshore and IFC Cayman Court extends the timing of factual evidence in section 238 proceedings until third party disclosure is completed News Team Friday, May 27, 2022 1:00 am http://legal.managersofwealth.com/article/68420/cayman-court-extends-the-timing-of-factual-evidence-in-section-238-proceedings-until-third-party-disclosure-is-completed Sina Corporation effected a take-private merger in the Cayman Islands. Offshore and IFC Cayman Update: Return of Mistaken Payments held on Constructive Trust News Team Friday, May 27, 2022 1:00 am http://legal.managersofwealth.com/article/68421/cayman-update-return-of-mistaken-payments-held-on-constructive-trust The Court accepted that no benefit could have accrued to a payor in respect of a Mistaken Payment and that the Company would have been fixed with this knowledge at the time of receipt. Offshore and IFC Privy Council permits enforcement of arbitral award under New York Convention despite alleged lack of due process News Team Friday, May 27, 2022 1:00 am http://legal.managersofwealth.com/article/68422/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 Offshore and IFC Fun and Games Ahead? News Team Thursday, May 05, 2022 1:00 am http://legal.managersofwealth.com/article/68134/fun-and-games-ahead In addition to outlining the new provisions, this article will explore the scope for abuse of the new regime by unscrupulous debtors. Offshore and IFC Snapshot: confidentiality in Cayman Islands arbitration proceedings News Team Thursday, May 05, 2022 1:00 am http://legal.managersofwealth.com/article/68135/snapshot-confidentiality-in-cayman-islands-arbitration-proceedings There are a number of other exception categories which are less likely to be available in a commercial context Offshore and IFC In Your Court: Offshore Dispute Resolution Review News Team Thursday, March 31, 2022 1:00 am http://legal.managersofwealth.com/article/67697/in-your-court-offshore-dispute-resolution-review This variety is reflected in the range of content from our team in this edition Offshore and IFC Russia Sanctions: Reporting obligations in BVI, Cayman, and Anguilla News Team Wednesday, March 30, 2022 1:00 am http://legal.managersofwealth.com/article/67668/russia-sanctions-reporting-obligations-in-bvi-cayman-and-anguilla Bermuda was not included in the UKOTs to which the 2019 Russia-UK Regulations were extended. Offshore and IFC International law firm merges with Dublin-based Solicitors News Team Wednesday, March 30, 2022 1:00 am http://legal.managersofwealth.com/article/67676/international-law-firm-merges-with-dublin-based-solicitors Ireland combines a thriving domestic market and a significant and growing centre for financial services excellence which we believe is a great fit for our next home jurisdiction. Offshore and IFC Tauil & Chequer Advogados welcomes Alexandre Arlota as partner in its Global Energy practice News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79341/tauil-ampamp-chequer-advogados-welcomes-alexandre-arlota-as-partner-in-its-global-energy-practice He joins from Mattos Filho. People Moves Appleby Jersey welcomes Corporate Partner Christopher Reed to focus on Middle East News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79346/appleby-jersey-welcomes-corporate-partner-christopher-reed-to-focus-on-middle-east Christopher’s appointment boosts the corporate team to 17 fee earners and 7 partners in Appleby’s Jersey office. People Moves Walkers Welcomes Senior Counsel to Jersey Office’s Private Capital & Trusts Team News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79322/walkers-welcomes-senior-counsel-to-jersey-officeamprsquos-private-capital-ampamp-trusts-team She specialises in non-contentious trust, foundation and family office matters for high-net-worth and ultra-high-net-worth clients. People Moves Charles Russell Speechlys appoints two new Of Counsel in Paris News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79329/charles-russell-speechlys-appoints-two-new-of-counsel-in-paris They enable us to offer our customers a high-quality, personalised service that is consistent over time. People Moves Corporate Lawyer Sangheetaa Phary Joins Appleby Bermuda as Counsel News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79330/corporate-lawyer-sangheetaa-phary-joins-appleby-bermuda-as-counsel Prior to joining Appleby, Sangheetaa practised at another Bermuda law firm. People Moves Former DOJ Senior Trial Counsel Jake M. Shields Joins Gibson Dunn in D.C. News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79335/former-doj-senior-trial-counsel-jake-m-shields-joins-gibson-dunn-in-dc Jake’s DOJ Civil Fraud litigation experience will bring further depth to Gibson Dunn’s defense team. People Moves Baker McKenzie Expands its Tax Practice News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79311/baker-mckenzie-expands-its-tax-practice Doing business has become increasingly complex due to the multiplication and high technicity of national and international tax laws People Moves Norton Rose Fulbright significantly expands Italian competition practice with two major hires News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79319/norton-rose-fulbright-significantly-expands-italian-competition-practice-with-two-major-hires Veronica and Martino, who both join from White & Case, will be based in Norton Rose Fulbright’s Milan office People Moves Herbert Smith Freehills expands South Africa team with Corporate M&A partner hire News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79320/herbert-smith-freehills-expands-south-africa-team-with-corporate-mampampa-partner-hire She has advised clients across a range of sectors including mining, health, financial services, pharma, telecommunications, real estate and private equity. People Moves Holland & Knight Grows Financial Services Team with Addition of Dimitri Nionakis in Boston News Team Friday, January 17, 2025 12:00 am http://legal.managersofwealth.com/article/79292/holland-ampamp-knight-grows-financial-services-team-with-addition-of-dimitri-nionakis-in-boston Mr. Nionakis earned a J.D. degree from Case Western University School of Law and a B.A. degree from Middlebury College. People Moves Carey Olsen advises Soter Insure on achieving full license approval from Bermuda Monetary Authority News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79339/carey-olsen-advises-soter-insure-on-achieving-full-license-approval-from-bermuda-monetary-authority Obtaining this license is a significant milestone for Soter Legal Advice Mayer Brown partner Arsen Kourinian named to Los Angeles Business Journal’s 2025 “Leaders of Influence: Minority Attorneys” list News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79340/mayer-brown-partner-arsen-kourinian-named-to-los-angeles-business-journalamprsquos-2025-ampldquoleaders-of-influence-minority-attorneysamprdquo-list This list profiles influential professionals who are particularly impactful on the legal scene and serve as trusted advisors in the Los Angeles region. Legal Advice Walkers successful in setting aside BVI Commercial Court judgment in Court of Appeal News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79347/walkers-successful-in-setting-aside-bvi-commercial-court-judgment-in-court-of-appeal Walkers act for Incredible Power Limited and Esben Finance Limited, the First and Fifth Appellants. Legal Advice Allens advises CEFC on funding for a clean energy 'superhighway' News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79348/allens-advises-cefc-on-funding-for-a-clean-energy-amp039superhighwayamp039 Allens' work on this financing adds to its extensive experience in lending and debt capital markets, including for transmission projects. Legal Advice Bird & Bird advises RIVE on an additional €270 million bank financing News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79349/bird-ampamp-bird-advises-rive-on-an-additional-ampeuro270-million-bank-financing The financing will further support the growth of the RIVE/Northrail rolling stock leasing platform Legal Advice Clifford Chance advises Sensorfact and its shareholders on its intended sale to ABB News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79351/clifford-chance-advises-sensorfact-and-its-shareholders-on-its-intended-sale-to-abb The acquisition further expands ABB’s digital energy management offering and is expected to close in Q1 2025. Legal Advice Further UK and US sanctions target Russian oil giants and production News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79323/further-uk-and-us-sanctions-target-russian-oil-giants-and-production Stacy Keen, sanctions law expert at Pinsent Masons, was commenting following the move which underscores support for Ukraine amid the ongoing troubles. Legal Advice Hogan Lovells publishes report on the impact of Generative AI on the Right to Free and Fair Elections News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79324/hogan-lovells-publishes-report-on-the-impact-of-generative-ai-on-the-right-to-free-and-fair-elections Commentators have expressed concern that deepfakes could, in turn, be used to sway individuals’ voting choices or prevent them from voting altogether. Legal Advice Herbert Smith Freehills team edits and contributes to new 8th edition of A Practitioner’s Guide to the UK Financial Services Rulebooks News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79325/herbert-smith-freehills-team-edits-and-contributes-to-new-8th-edition-of-a-practitioneramprsquos-guide-to-the-uk-financial-services-rulebooks The effort was also ably and generously supported by the wider FSR team who helped with proofreading, research and numerous other tasks. Legal Advice Bird & Bird advised Nexstim on cooperation and investment agreements with Brainlab News Team Tuesday, January 21, 2025 12:00 am http://legal.managersofwealth.com/article/79326/bird-ampamp-bird-advised-nexstim-on-cooperation-and-investment-agreements-with-brainlab The cooperation agreement aims at the advancement of non-invasive brain mapping technologies, as well as the distribution of certain Nexstim products by Brainlab in the segment. Legal Advice Pensions risk transfer: managing cyber risk on bulk annuity transactions News Team Wednesday, January 22, 2025 12:00 am http://legal.managersofwealth.com/article/79343/pensions-risk-transfer-managing-cyber-risk-on-bulk-annuity-transactions These are risk points that both trustees and insurers need to understand and address through a combination of preventative measures, robust testing, proactive risk management, and effective incident response plans. FinTech Dentons releases Global AI Trends Report News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79314/dentons-releases-global-ai-trends-report AI continues to be a transformative force globally FinTech Rising data use liabilities for telecommunications and technology companies in Asia News Team Monday, January 20, 2025 12:00 am http://legal.managersofwealth.com/article/79316/rising-data-use-liabilities-for-telecommunications-and-technology-companies-in-asia The increasing risk of liabilities is driven by the proliferation of the use of data and soaring demand in the use of technology to grow businesses FinTech Crypto Funds in the Cayman Islands News Team Friday, January 17, 2025 12:00 am http://legal.managersofwealth.com/article/79302/crypto-funds-in-the-cayman-islands This same flexibility means that Cayman is already taking advantage of the latest shift towards securitising common assets and decentralised finance (DeFi) products. FinTech Data centre development at the centre of UK AI plan News Team Monday, January 13, 2025 12:00 am http://legal.managersofwealth.com/article/79240/data-centre-development-at-the-centre-of-uk-ai-plan The creation of dedicated AI growth zones was recommended by entrepreneur Matt Clifford in a new report published on Monday, the AI opportunities action plan. FinTech Chinese hackers remotely accessing US Treasury workstations News Team Friday, January 03, 2025 12:00 am http://legal.managersofwealth.com/article/79134/chinese-hackers-remotely-accessing-us-treasury-workstations The incident reflects two recurring vulnerabilities: supply chain risk and weaknesses in remote access software - both frequent avenues for financially motivated cybercriminals. FinTech Meta's $50M settlement with the OAIC fails to clarify the Privacy Act civil penalty regime News Team Thursday, January 02, 2025 12:00 am http://legal.managersofwealth.com/article/79114/metaamp039s-50m-settlement-with-the-oaic-fails-to-clarify-the-privacy-act-civil-penalty-regime Important aspects of Australian privacy law remain unresolved FinTech GLI Cayman Islands blockchain and cryptocurrency regulation 2025, seventh edition News Team Friday, December 20, 2024 12:00 am http://legal.managersofwealth.com/article/79037/gli-cayman-islands-blockchain-and-cryptocurrency-regulation-2025-seventh-edition Providing sound legal counsel in this dynamic environment remains a formidable challenge. FinTech AI copyright regime steers away from requiring licences in all cases News Team Wednesday, December 18, 2024 12:00 am http://legal.managersofwealth.com/article/79015/ai-copyright-regime-steers-away-from-requiring-licences-in-all-cases Currently, the UK Copyright, Designs and Patents Act 1998 provides limited exceptions to copyright infringement. FinTech Advising on the world’s first regulated DEX and securing a Class M Digital Asset Business License News Team Wednesday, December 11, 2024 12:00 am http://legal.managersofwealth.com/article/78928/advising-on-the-worldamprsquos-first-regulated-dex-and-securing-a-class-m-digital-asset-business-license This is a significant step forward in bringing decentralized finance (DeFi) to the mainstream. FinTech Ropes & Gray Powers All 14 Offices with 100% Renewable Energy Via Energy Credits News Team Friday, January 03, 2025 12:00 am http://legal.managersofwealth.com/article/79133/ropes-ampamp-gray-powers-all-14-offices-with-100-renewable-energy-via-energy-credits In accomplishing this feat, Ropes & Gray can claim 100% renewable electricity use for its office space in 2024. Planet SOS Planning reforms promote renewables projects in England News Team Monday, December 16, 2024 12:00 am http://legal.managersofwealth.com/article/78980/planning-reforms-promote-renewables-projects-in-england The government has set the minimum generation capacity that solar projects have to meet to be in-scope of the NSIPs consenting regime at 100MW Planet SOS Allens advises Endeavour Energy on $1bn dual-tranche sustainability-linked loan News Team Monday, December 16, 2024 12:00 am http://legal.managersofwealth.com/article/78983/allens-advises-endeavour-energy-on-1bn-dual-tranche-sustainability-linked-loan 'We are pleased to have advised longstanding client Endeavour Energy on a successful transaction.' Planet SOS Contractualising’ climate and sustainability no longer optional in 2025 News Team Friday, December 06, 2024 12:00 am http://legal.managersofwealth.com/article/78893/contractualisingamprsquo-climate-and-sustainability-no-longer-optional-in-2025 Many banks and asset managers have made commitments to abate their ‘financed emissions’ Planet SOS Ropes & Gray Attorneys Discuss ESG Policies Post-Election in Thomson Reuters Regulatory Intelligence News Team Thursday, November 28, 2024 12:00 am http://legal.managersofwealth.com/article/78795/ropes-ampamp-gray-attorneys-discuss-esg-policies-post-election-in-thomson-reuters-regulatory-intelligence Regarding diversity, equity, and inclusion, employment litigation partner Doug Brayley said that he expects “executive orders over the topics that the executive has the most direct control over Planet SOS Climate change: Shell acquitted, but emissions must be reduced News Team Wednesday, November 27, 2024 12:00 am http://legal.managersofwealth.com/article/78781/climate-change-shell-acquitted-but-emissions-must-be-reduced Hand in glove are the consequent and crucial implications regarding the discretionary power of directors to decide on the corporate interest Planet SOS Dentons advises on project development and financing of solar power projects portfolio in Azerbaijan News Team Friday, November 22, 2024 12:00 am http://legal.managersofwealth.com/article/78736/dentons-advises-on-project-development-and-financing-of-solar-power-projects-portfolio-in-azerbaijan The financing agreements were signed on the sidelines of COP 29 in Baku, Azerbaijan. Planet SOS Ropes & Gray Issues State ESG Update and Analysis for Asset Managers and Financial Institutions News Team Friday, November 22, 2024 12:00 am http://legal.managersofwealth.com/article/78742/ropes-ampamp-gray-issues-state-esg-update-and-analysis-for-asset-managers-and-financial-institutions The first part of this paper includes a roundup of Ropes & Gray thought leadership covering a variety of state ESG-related topics published in 2024. Planet SOS Businesses could face ESG uncertainty under Trump presidency News Team Monday, November 11, 2024 12:00 am http://legal.managersofwealth.com/article/78593/businesses-could-face-esg-uncertainty-under-trump-presidency Businesses operating in the US could also be impacted by the CSRD even if they are not directly in-scope of the regime, Watson said. Planet SOS ESG bond issuance surpasses $800bn as momentum builds for sustainable debt News Team Tuesday, November 05, 2024 12:00 am http://legal.managersofwealth.com/article/78519/esg-bond-issuance-surpasses-800bn-as-momentum-builds-for-sustainable-debt Government issuance dominated activity across green, social and sustainability use-of-proceeds bonds, as sovereign borrowing aims to address urgent environmental and social challenges. Planet SOS 'Interpretive Puzzles': Bruyea v. United States and the Net Investment Income Tax News Team Wednesday, January 15, 2025 12:00 am http://legal.managersofwealth.com/article/79269/amp039interpretive-puzzlesamp039-bruyea-v-united-states-and-the-net-investment-income-tax The Bruyea holding represents the latest and most taxpayer-friendly salvo in the long-running debate about the relationship between the NIIT and the United States's double tax treaty network. Court Cases Resolving dispute over a child's ashes: separated parents in dispute News Team Friday, January 10, 2025 12:00 am http://legal.managersofwealth.com/article/79210/resolving-dispute-over-a-childamp039s-ashes-separated-parents-in-dispute A deceased's wishes are not legally binding. Court Cases Hirachand Supreme Court judgment clarifies use of conditional fee arrangements in 1975 Act cases News Team Friday, January 10, 2025 12:00 am http://legal.managersofwealth.com/article/79211/hirachand-supreme-court-judgment-clarifies-use-of-conditional-fee-arrangements-in-1975-act-cases The hope is that the Supreme Court's decision causes the more bullish applicants and their legal advisors to take a realistic view at an earlier stage. Court Cases Dentons Rodyk successfully defeats claim of $13 million in the Singapore High Court News Team Wednesday, January 08, 2025 12:00 am http://legal.managersofwealth.com/article/79179/dentons-rodyk-successfully-defeats-claim-of-13-million-in-the-singapore-high-court Notably, the ex-husband did not contest the first ex-wife’s claim and instead filed a Notice of Intention not to Contest to enable her to enter judgment against him for the said $13 million. Court Cases UK ruling clarifies ‘good arguable case’ threshold for freezing injunction News Team Wednesday, January 08, 2025 12:00 am http://legal.managersofwealth.com/article/79185/uk-ruling-clarifies-amplsquogood-arguable-caseamprsquo-threshold-for-freezing-injunction The Court of Appeal agreed that the two tests should be equated in the context of interlocutory injunctions. Court Cases King & Spalding Successfully Represents Pro Bono Client and Environmentalist Paul Watson In Extradition Case News Team Monday, December 30, 2024 12:00 am http://legal.managersofwealth.com/article/79098/king-ampamp-spalding-successfully-represents-pro-bono-client-and-environmentalist-paul-watson-in-extradition-case King & Spalding represented Watson throughout the process, led by Paris partner Jean Tamalet Court Cases Without a trace: Jersey’s courts, missing investors and bona vacantia News Team Friday, December 20, 2024 12:00 am http://legal.managersofwealth.com/article/79034/without-a-trace-jerseyamprsquos-courts-missing-investors-and-bona-vacantia There is an expanding bank of decisions in Jersey where assets have been passed to HMRG. Court Cases Jurisdiction dispute? Consider anti-suit injunctions in England and Wales News Team Wednesday, December 18, 2024 12:00 am http://legal.managersofwealth.com/article/79007/jurisdiction-dispute-consider-anti-suit-injunctions-in-england-and-wales A common concern is that a foreign court may refuse to recognise or enforce an English jurisdiction clause, based on its own domestic laws. Court Cases Latest Guernsey case concerning a 'Suspicious Activity Report' elaborates on the 'proceeds of criminal conduct' requirement News Team Thursday, December 12, 2024 12:00 am http://legal.managersofwealth.com/article/78943/latest-guernsey-case-concerning-a-amp039suspicious-activity-reportamp039-elaborates-on-the-amp039proceeds-of-criminal-conductamp039-requirement In October 2021, the FIU responded to the SAR and confirmed that CST was not permitted to release the assets held on the trust fund of the Trusts. Court Cases To be (a son) or not to be: Defining the meaning of 'children' in a trust News Team Thursday, December 12, 2024 12:00 am http://legal.managersofwealth.com/article/78949/to-be-a-son-or-not-to-be-defining-the-meaning-of-amp039childrenamp039-in-a-trust There is a presumption that a child born during a marriage is a child of the husband. Court Cases