Managers of Wealth - Legal http://legal.managersofwealth.com/ Wed, 17 Aug 2022 12:18:00 BST part of MediaG8way Group http://legal.managersofwealth.com/ http://legal.managersofwealth.com/assets/images/logo.png Managers of Wealth - Legal KohanaPHP Hogan Lovells scales new heights to support nature’s recovery News Team Thursday, August 04, 2022 1:00 am http://legal.managersofwealth.com/article/69259/hogan-lovells-scales-new-heights-to-support-natureamprsquos-recovery All money fundraised will be matched by the firm to support the Trusts’ goal to secure nature’s recovery on land and sea. Wealth, Trusts and Family Office Cryptoassets – how will family offices react to the crypto winter? News Team Monday, August 01, 2022 1:00 am http://legal.managersofwealth.com/article/69202/cryptoassets-ampndash-how-will-family-offices-react-to-the-crypto-winter Some estimates suggest that the crash has wiped $2trn from the market, with several prominent crypto funds being forced to restrict customer withdrawals and some entering into liquidation. Wealth, Trusts and Family Office WBD's private wealth team top-ranked by Chambers High Net Worth guide News Team Wednesday, July 27, 2022 1:00 am http://legal.managersofwealth.com/article/69163/wbdamp039s-private-wealth-team-top-ranked-by-chambers-high-net-worth-guide WBD is recognised in London, Bristol, Yorkshire, the North East and Scotland. Wealth, Trusts and Family Office Higgs & Johnson Top Ranked in International Private Wealth News Team Sunday, July 17, 2022 1:00 am http://legal.managersofwealth.com/article/69035/higgs-ampamp-johnson-top-ranked-in-international-private-wealth Recognized for his ‘extensive experience in handling trust disputes and restructuring matters’, Philip C. Dunkley QC is noted as a ‘Senior Statesperson’ who acts for wealthy individuals, families and fiduciaries on major internatio Wealth, Trusts and Family Office Chambers High Net Worth 2022 News Team Friday, July 15, 2022 1:00 am http://legal.managersofwealth.com/article/69027/chambers-high-net-worth-2022 Chambers High Net Worth ranks the top lawyers and law firms for international private wealth Wealth, Trusts and Family Office Ogier remains the only firm with top-tier ranking across Cayman, Guernsey and Jersey in Chambers HNW Guide News Team Friday, July 15, 2022 1:00 am http://legal.managersofwealth.com/article/69031/ogier-remains-the-only-firm-with-top-tier-ranking-across-cayman-guernsey-and-jersey-in-chambers-hnw-guide Ogier is "the go-to firm on the island for Jersey private client expertise", with James Campbell, Josephine Howe and Katherine Neal all being marked out as notable practitioners. Wealth, Trusts and Family Office Carey Olsen supports Gurr Johns on launch of art lending fund News Team Monday, July 11, 2022 1:00 am http://legal.managersofwealth.com/article/68955/carey-olsen-supports-gurr-johns-on-launch-of-art-lending-fund The fund will support Gurr Johns' established service offering, with Gurr Johns Capital having a specific focus around creating bespoke financial solutions for individuals, galleries, companies and institutions – whether that be for releasing l Wealth, Trusts and Family Office Cayman Islands Trusts News Team Wednesday, June 29, 2022 1:00 am http://legal.managersofwealth.com/article/68816/cayman-islands-trusts Recording a trust in writing is generally advisable because it provides more clarity as to the terms of the trust. Wealth, Trusts and Family Office Collas Cril shortlisted for STEP Private Client Awards 2022 News Team Monday, June 27, 2022 1:00 am http://legal.managersofwealth.com/article/68780/collas-cril-shortlisted-for-step-private-client-awards-2022 This year saw a record number of entries, with the panel of judges only shortlisting those firms they felt to be the most outstanding. Wealth, Trusts and Family Office Carey Olsen named a finalist for two STEP Private Client Awards News Team Friday, June 24, 2022 1:00 am http://legal.managersofwealth.com/article/68762/carey-olsen-named-a-finalist-for-two-step-private-client-awards This year's awards also saw a record number of nominations, with 337 submissions from 27 countries for the 21 categories available. Wealth, Trusts and Family Office SEC Staff Posts Conflicts of Interest Guidance for Investment Advisers and Broker-Dealers News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69408/sec-staff-posts-conflicts-of-interest-guidance-for-investment-advisers-and-broker-dealers The Bulletin is styled as a “Q&A” and covers, among other matters, identification,2 elimination, and mitigation of conflicts, as well as conflicts policies and procedures. Government Regulation Cyber Accreditation Body Releases Draft Assessment Process Applicable to Government Contractors News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69409/cyber-accreditation-body-releases-draft-assessment-process-applicable-to-government-contractors The Draft CAP will be part of the Department of Defense’s process to verify that contractors possessing sensitive unclassified government information take necessary steps to protect their information systems and data from the threat of cyber attacks Government Regulation Shoosmiths to share success with new collegiate bonus scheme News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69413/shoosmiths-to-share-success-with-new-collegiate-bonus-scheme The Shoosmiths Employee Bonus has an on target pay-out for all employees of 5% of basic salary for the performance year, with the opportunity to earn up to 7% of salary, depending on the firm’s performance. Government Regulation A new regime for critical third party providers to UK financial services firms is on the horizon News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69391/a-new-regime-for-critical-third-party-providers-to-uk-financial-services-firms-is-on-the-horizon Publication of DP22/3 marks an early step on the road to the introduction of a new designation regime for third party providers in respect of the material services they provide to the UK financial services sector. Government Regulation Businesses urged to set and report on purpose News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69399/businesses-urged-to-set-and-report-on-purpose Its vision is for all businesses in Scotland to “have become purposeful businesses which profit from finding solutions for people and planet” by 2030. Government Regulation The substratum rule: does it matter? News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69401/the-substratum-rule-does-it-matter The Bermuda Court of Appeal’s reasoning in Grand View was accepted and followed by the Royal Court of Jersey in Rysaffe Government Regulation Snapshot: Jersey's impounder restrictions in relation to discretionary trusts News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69402/snapshot-jerseyamp039s-impounder-restrictions-in-relation-to-discretionary-trusts In this Snapshot, partner Damian Evans, senior associate Matthew Davies, and trainee solicitor Paola Sequeira consider the arguments for and against. Government Regulation Lexology Transfer Pricing Guide 2023: Luxembourg News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69404/lexology-transfer-pricing-guide-2023-luxembourg The chapter provides insights into principal legislation, enforcement authority, role of OECD Transfer Pricing Guidelines Government Regulation Lexology's Getting The Deal Through: Data Protection & Privacy 2023 – Ireland News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69405/lexologyamp039s-getting-the-deal-through-data-protection-ampamp-privacy-2023-ampndash-ireland Shane, Conor and Coleen answer commonly asked questions related to data privacy and protection in Ireland Government Regulation Screening of third country transactions in Ireland to become the norm News Team Monday, August 15, 2022 1:00 am http://legal.managersofwealth.com/article/69379/screening-of-third-country-transactions-in-ireland-to-become-the-norm Parties must also notify the minister if such a transaction involves the use of critical technologies such as artificial intelligence, cybersecurity, and defence, as well as the supply of energy, raw materials or food. Government Regulation Tax rollover applied to share for share exchange despite tax saving motive News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69400/tax-rollover-applied-to-share-for-share-exchange-despite-tax-saving-motive In this case, Euromoney negotiated terms with a third-party buyer to buy its shares in two joint venture companies. Tax Cayman Islands Enforcement Guidelines: Common Reporting Standard and Economic Substance News Team Monday, August 08, 2022 1:00 am http://legal.managersofwealth.com/article/69287/cayman-islands-enforcement-guidelines-common-reporting-standard-and-economic-substance The Guidelines set out the TIA’s principles and processes for taking enforcement action through administrative penalties for non-compliance under the CRS and the ES regimes. Tax EY’s Rahul Kini named ‘Rising star in digital’ News Team Monday, August 08, 2022 1:00 am http://legal.managersofwealth.com/article/69288/eyamprsquos-rahul-kini-named-amplsquorising-star-in-digitalamprsquo The awards have become a staple in the finance calendar, with more than 50,000 votes being cast by members of the public to determine the winners. Tax Ed Renn featured in Accounting Today's recent article on the proposed Inflation Reduction Act of 2022 News Team Friday, August 05, 2022 1:00 am http://legal.managersofwealth.com/article/69276/ed-renn-featured-in-accounting-todayamp039s-recent-article-on-the-proposed-inflation-reduction-act-of-2022 In the Accounting Today article, Ed shares that although the bill itself is a surprise, it does not contain a lot of surprises. Tax GAAR advisory panel backs UK taxpayer in anti-abuse dispute for first time News Team Monday, August 01, 2022 1:00 am http://legal.managersofwealth.com/article/69206/gaar-advisory-panel-backs-uk-taxpayer-in-anti-abuse-dispute-for-first-time The panel concluded that, despite the arrangements being contrary to the policy objectives of the legislation and exploiting a shortcoming in the legislation, the steps taken were a reasonable course of action for tax purposes. Tax Getting ready for R&D tax credit regime changes News Team Friday, July 29, 2022 1:00 am http://legal.managersofwealth.com/article/69186/getting-ready-for-rampampd-tax-credit-regime-changes HMRC is reviewing the treatment of foreign branches of a UK company within this context, and we should understand more in due course. Tax HMRC ‘Housted’ as a preferential creditor News Team Thursday, July 28, 2022 1:00 am http://legal.managersofwealth.com/article/69170/hmrc-amplsquohoustedamprsquo-as-a-preferential-creditor When the Restructuring Plan was introduced, the government stated the intention was for it to be used not only for large multi-national entities, but for small and medium sized enterprises as well. So far, it has only really been used by big businesses. Tax ‘Not right time’ for alignment of UK employment status law for rights and tax News Team Thursday, July 28, 2022 1:00 am http://legal.managersofwealth.com/article/69181/amplsquonot-right-timeamprsquo-for-alignment-of-uk-employment-status-law-for-rights-and-tax The response document states that the government will “work closely with stakeholders to explore longer-term options to improve the employment status system for tax to ensure it is as clear as possible and usable for all parties”. Tax Global Legal Insights Corporate Tax 2022: Luxembourg News Team Wednesday, July 27, 2022 1:00 am http://legal.managersofwealth.com/article/69164/global-legal-insights-corporate-tax-2022-luxembourg Transfer pricing requirements continue to expand along with increased enforcement activities by the Luxembourg tax authorities. Tax Tax default can lead to FCA scrutiny News Team Friday, July 15, 2022 1:00 am http://legal.managersofwealth.com/article/69020/tax-default-can-lead-to-fca-scrutiny A person’s details may not be included in the list if the penalty has been reduced fully to account for the individuals’ co-operation and disclosure. Tax Over 30 Appleby Lawyers and Nine Offices Recognised in 2022 IFLR1000 News Team Friday, August 12, 2022 1:00 am http://legal.managersofwealth.com/article/69371/over-30-appleby-lawyers-and-nine-offices-recognised-in-2022-iflr1000 32 Appleby lawyers across nine jurisdictions have been recognised in this year’s IFLR1000 rankings. Comment, Analysis & Research Saying Sorry in a Crisis – The Thorny Issue that can Divide Lawyers and PR News Team Friday, August 12, 2022 1:00 am http://legal.managersofwealth.com/article/69377/saying-sorry-in-a-crisis-ampndash-the-thorny-issue-that-can-divide-lawyers-and-pr ne of the most common frictions, I heard, was their concern that lawyers will rule out making an apology. Comment, Analysis & Research Law360 names Norton Rose Fulbright as a 2022 Texas Regional Powerhouse News Team Thursday, August 11, 2022 1:00 am http://legal.managersofwealth.com/article/69342/law360-names-norton-rose-fulbright-as-a-2022-texas-regional-powerhouse The list features firms "playing major roles in multibillion-dollar deals and scoring huge courtroom victories for clients." Comment, Analysis & Research The American Lawyer Recognizes Latham’s Corporate Department and Diversity Initiatives News Team Thursday, August 11, 2022 1:00 am http://legal.managersofwealth.com/article/69343/the-american-lawyer-recognizes-lathamamprsquos-corporate-department-and-diversity-initiatives Latham earns the most finalist spots across transactional categories, and the firm’s commitment to diversity is honored in two categories in AmLaw’s Industry Awards. Comment, Analysis & Research Mayer Brown 'Excelling' in City Mental Health Alliance Hong Kong's Thriving at Work Survey 2022 News Team Tuesday, August 09, 2022 1:00 am http://legal.managersofwealth.com/article/69306/mayer-brown-amp039excellingamp039-in-city-mental-health-alliance-hong-kongamp039s-thriving-at-work-survey-2022 Mayer Brown has a growing community of mental health first aiders and we had the pleasure of running these training sessions for them. Comment, Analysis & Research Dentons announces appointment of ASEAN Sector Group Leaders News Team Thursday, August 04, 2022 1:00 am http://legal.managersofwealth.com/article/69255/dentons-announces-appointment-of-asean-sector-group-leaders The new leaders were appointed by Gerald Singham, Global Vice-Chair & ASEAN CEO Comment, Analysis & Research Harneys wins Securities Deal of the Year at The Asia Legal Awards 2022 News Team Wednesday, August 03, 2022 1:00 am http://legal.managersofwealth.com/article/69239/harneys-wins-securities-deal-of-the-year-at-the-asia-legal-awards-2022 The awards identify and honour the most important transactions and cases with the most complex and outstanding legal work in Asia. Comment, Analysis & Research Future of work: Top tips for recruiting a diverse workforce News Team Friday, July 29, 2022 1:00 am http://legal.managersofwealth.com/article/69188/future-of-work-top-tips-for-recruiting-a-diverse-workforce It is a well recited fact that women are unlikely to apply for a position unless they meet 100 percent of the job requirements, whereas men will apply if they meet 60percent of the requirements. Comment, Analysis & Research Leanne O’Neill finalist in Lawyers Weekly Partner of the Year Awards News Team Friday, July 29, 2022 1:00 am http://legal.managersofwealth.com/article/69189/leanne-oamprsquoneill-finalist-in-lawyers-weekly-partner-of-the-year-awards The Lawyers Weekly annual awards are an opportunity for CGW to highlight the notable achievements of lawyers who demonstrate leadership, technical expertise, mentorship and business development skills. Comment, Analysis & Research Economic Crime Act – when does it bite? News Team Thursday, July 28, 2022 1:00 am http://legal.managersofwealth.com/article/69171/economic-crime-act-ampndash-when-does-it-bite The government intends that the new Register of Overseas Entities (RoE) at Companies House will be launched from 1 August, also the commencement date for most provisions of the Act. Comment, Analysis & Research 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 Top tips for charity accounts preparation when applying for grants News Aggregation Team Thursday, November 11, 2021 12:00 am http://legal.managersofwealth.com/article/65756/top-tips-for-charity-accounts-preparation-when-applying-for-grants The purpose of the policy is to demonstrate to external stakeholders why a charity needs reserves and how what it has relates to what it needs. 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 Bird & Bird becomes pro-bono partner of FEDORA to support sustainability, equality and digital transformation in performing arts News Team Friday, June 18, 2021 1:00 am http://legal.managersofwealth.com/article/63543/bird-ampamp-bird-becomes-pro-bono-partner-of-fedora-to-support-sustainability-equality-and-digital-transformation-in-performing-arts FEDORA is a non-profit organisation at the forefront of cultural and artistic creation and philanthropy, with 96 member organisations in 26 countries. Charity & Philanthropy Appleby Donates $25,000 to Bermuda Hospital Vaccination Clinic News Team Thursday, April 22, 2021 1:00 am http://legal.managersofwealth.com/article/62710/appleby-donates-25000-to-bermuda-hospital-vaccination-clinic The donation is to assist in the operating costs of the King Edward Memorial Hospital Covid-19 Vaccination Clinic. Charity & Philanthropy Reduce inheritance tax by leaving a gift to charity News Team Monday, March 08, 2021 12:00 am http://legal.managersofwealth.com/article/62122/reduce-inheritance-tax-by-leaving-a-gift-to-charity The reduced rate of 36% applies where the individual leaves at least 10% of their net estate, known as ‘the baseline amount’, to charity. Charity & Philanthropy Hogan Lovells invests in FinTech start-up Fygo News Team Monday, March 08, 2021 12:00 am http://legal.managersofwealth.com/article/62125/hogan-lovells-invests-in-fintech-start-up-fygo Recipients benefit from extensive industry knowledge from Hogan Lovells’ commercial insights, access to the firm's global network, legal and compliance training, industry events and use of the firm's FinTech tools, up to a maximum value of Charity & Philanthropy AML Round-up: Forthcoming amendments to the MLRs and HMT’s review of the UK’s AML/CFT regulatory and supervisory regimes News Team Tuesday, August 09, 2022 1:00 am http://legal.managersofwealth.com/article/69320/aml-round-up-forthcoming-amendments-to-the-mlrs-and-hmtamprsquos-review-of-the-ukamprsquos-amlcft-regulatory-and-supervisory-regimes The review’s findings have identified potential areas for reform and will be used to inform the second Economic Crime Plan, which is expected to be published later this year. 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 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 Ogier named best offshore firm News Team Friday, March 25, 2022 12:00 am http://legal.managersofwealth.com/article/67613/ogier-named-best-offshore-firm This year, more than 20,000 votes were cast in total, and the winners were announced at gala event in London on Thursday 24 March. Offshore and IFC Dentons welcomes Stefan Dann in Pittsburgh News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69412/dentons-welcomes-stefan-dann-in-pittsburgh Dann maintains an active pro bono docket, working closely with the Transgender Legal Defense & Education Fund’s (TLDEF) Name Change Project. People Moves White & Case Expands Its Real Estate Capabilities with the Addition of Partners News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69394/white-ampamp-case-expands-its-real-estate-capabilities-with-the-addition-of-partners Viklund and Smith advise private equity firms People Moves Partner Joins White & Case in New York News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69397/partner-joins-white-ampamp-case-in-new-york He joins White & Case from Pillsbury Winthrop Shaw Pittman. People Moves Dentons names first Omani lawyer to be promoted to partner News Team Monday, August 15, 2022 1:00 am http://legal.managersofwealth.com/article/69386/dentons-names-first-omani-lawyer-to-be-promoted-to-partner Yasser will continue to support clients in Oman and across the Middle East on energy, infrastructure and natural resources projects People Moves Freshfields Continues Silicon Valley Expansion with Hiring of Partner News Team Monday, August 15, 2022 1:00 am http://legal.managersofwealth.com/article/69387/freshfields-continues-silicon-valley-expansion-with-hiring-of-partner Mr. Gantus’s practice focuses on the representation of companies in their compensation and employee benefits matters People Moves Associate joins Conyers’ Cayman Islands Litigation and Restructuring team News Team Friday, August 12, 2022 1:00 am http://legal.managersofwealth.com/article/69369/associate-joins-conyersamprsquo-cayman-islands-litigation-and-restructuring-team Rowana-Kay is a graduate of the University of the West Indies People Moves Norton Rose Fulbright adds insurance regulatory and transactions team in New York and Los Angeles News Team Thursday, August 11, 2022 1:00 am http://legal.managersofwealth.com/article/69341/norton-rose-fulbright-adds-insurance-regulatory-and-transactions-team-in-new-york-and-los-angeles Both Romano and Bank are licensed in New York, and Bank is also licensed in California. People Moves Freshfields continues strategic growth with addition of leveraged finance partner News Team Thursday, August 11, 2022 1:00 am http://legal.managersofwealth.com/article/69356/freshfields-continues-strategic-growth-with-addition-of-leveraged-finance-partner She brings significant experience People Moves Freshfields continues strategic growth with Global Restructuring partner hire News Team Wednesday, August 10, 2022 1:00 am http://legal.managersofwealth.com/article/69322/freshfields-continues-strategic-growth-with-global-restructuring-partner-hire Lisa is a trusted practitioner who joins Freshfields from Kirkland & Ellis. People Moves Norton Rose Fulbright enhances private equity practice with new corporate partner News Team Wednesday, August 10, 2022 1:00 am http://legal.managersofwealth.com/article/69323/norton-rose-fulbright-enhances-private-equity-practice-with-new-corporate-partner Eric advises private and public companies on mergers and acquisitions and joint ventures in a wide range of industries, with a significant emphasis on healthcare, software and technology. People Moves Ogier advises China South City on innovative consent solicitation in respect of US$1.5 billion bonds News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69390/ogier-advises-china-south-city-on-innovative-consent-solicitation-in-respect-of-us15-billion-bonds Ogier assisted China South City with the structuring of the transaction and the preparation of the necessary documentation from a Cayman Islands and BVI law perspective in a timely and effective manner. Legal Advice Carey Olsen announces latest recipient of Bermuda Scholarship Scheme News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69392/carey-olsen-announces-latest-recipient-of-bermuda-scholarship-scheme Ice'ces, who in September will begin the second year of her Bachelor of Law with Business degree at The University of Law in Birmingham, previously studied at The Berkeley Institute in Bermuda. Legal Advice Harneys advises buyer consortium in going-private of BlueCity News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69393/harneys-advises-buyer-consortium-in-going-private-of-bluecity This fund formation matter was also led by Calamus, with support from Senior Associate Lawrence Sham of the firm's Shanghai funds team, as well as Trainee Bing Hwang and Paralegal Lexie Zhao. Legal Advice Allens and Linklaters advise on acquisition of Spark New Zealand’s mobile tower business News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69395/allens-and-linklaters-advise-on-acquisition-of-spark-new-zealandamprsquos-mobile-tower-business The joint Allens and Linklaters team worked alongside Chapman Tripp in New Zealand. Legal Advice New York partner named Rising Star by New York Law Journal News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69396/new-york-partner-named-rising-star-by-new-york-law-journal Submissions for the competitive award were judged by an outside panel of experts. Legal Advice Employment law updates: important changes for employers News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69398/employment-law-updates-important-changes-for-employers The latest UK employment and business immigration law changes for employers, HR professionals and in-house lawyers Legal Advice Ogier Leman advises Thorntons Recycling on purchase of The City Bin Co News Team Tuesday, August 16, 2022 1:00 am http://legal.managersofwealth.com/article/69403/ogier-leman-advises-thorntons-recycling-on-purchase-of-the-city-bin-co Thorntons Recycling, which employs more than 550 people, is a long-standing client of Ogier Leman, which has assisted the company with a number of acquisitions over the past 10 years. Legal Advice Paul Hastings Represents Arrangers and Funds in £2 Billion Acquisition of Ultra plc News Team Monday, August 15, 2022 1:00 am http://legal.managersofwealth.com/article/69378/paul-hastings-represents-arrangers-and-funds-in-amppound2-billion-acquisition-of-ultra-plc The debt financing comprised a package of senior secured TLB and RCF, privately placed senior unsecured notes and privately placed floating rate PIK toggle notes. Legal Advice Ashurst advises Agronomics on Series A investment in All G Foods News Aggregation Team Monday, August 15, 2022 1:00 am http://legal.managersofwealth.com/article/69380/ashurst-advises-agronomics-on-series-a-investment-in-all-g-foods All G Foods is an Australian alternative protein company focused on the commercialisation of its precision fermentation platform designed to create sustainable dairy products and dairy proteins. Legal Advice Bird & Bird‘s Czech Transaction team continues successful cooperation with KB SmartSolutions, s.r.o. News Team Monday, August 15, 2022 1:00 am http://legal.managersofwealth.com/article/69381/bird-ampamp-birdamplsquos-czech-transaction-team-continues-successful-cooperation-with-kb-smartsolutions-sro Bird & Bird provides legal support to KBSS acting as a strategic investor in selected FinTech projects. Legal Advice EU's Digital Service Act to introduce first express ban on 'dark patterns' News Team Wednesday, August 10, 2022 1:00 am http://legal.managersofwealth.com/article/69327/euamp039s-digital-service-act-to-introduce-first-express-ban-on-amp039dark-patternsamp039 The prohibition gives some insight into the core concerns of EU legislators in relation to dark patterns and hints on where the wider dark-patterns legislative and enforcement agenda may go in the future. FinTech Withers tech advises as Molten Ventures leads £15 million seed round into Altruistiq News Team Tuesday, August 09, 2022 1:00 am http://legal.managersofwealth.com/article/69314/withers-tech-advises-as-molten-ventures-leads-amppound15-million-seed-round-into-altruistiq The £15 million raise makes Altruistiq one of the top 10 best-funded Climate software companies globally at this stage. FinTech Two Sides of the Same Coin? Cryptoassets and Estate Property in Bankruptcy News Team Thursday, August 04, 2022 1:00 am http://legal.managersofwealth.com/article/69263/two-sides-of-the-same-coin-cryptoassets-and-estate-property-in-bankruptcy This includes an analysis of whether cryptoassets can be considered “estate property” under section 541(a)(1) of the Bankruptcy Code FinTech Saffery Champness partners with Coinify to accept cryptocurrency payments News Team Friday, July 29, 2022 1:00 am http://legal.managersofwealth.com/article/69193/saffery-champness-partners-with-coinify-to-accept-cryptocurrency-payments The Coinify platform will enable Saffery Champness (Suisse) SA clients to make payment for services using over twenty-five of the most popular cryptocurrencies, including Bitcoin, Ethereum, and Bitcoin cash. FinTech US FHFA to Examine Role of Fintechs in Housing Finance News Team Friday, July 29, 2022 1:00 am http://legal.managersofwealth.com/article/69194/us-fhfa-to-examine-role-of-fintechs-in-housing-finance The Fintech Office’s website indicates that its initial leadership team consists of three current personnel FinTech Dentons launches AI Challenge to develop an ESG monitoring solution for the real estate development sector News Team Tuesday, July 26, 2022 1:00 am http://legal.managersofwealth.com/article/69142/dentons-launches-ai-challenge-to-develop-an-esg-monitoring-solution-for-the-real-estate-development-sector The challenge calls on students, researchers, professionals, startups, and SMEs from anywhere in the world to submit their innovative solutions. FinTech Norton Rose Fulbright expands innovation and tech capabilities in Germany News Team Friday, July 22, 2022 1:00 am http://legal.managersofwealth.com/article/69108/norton-rose-fulbright-expands-innovation-and-tech-capabilities-in-germany Norton Rose Fulbright in Germany has won numerous awards for innovation. FinTech Paul Hastings Distinguished for “Most Innovative Use of Technology” at The Lawyer Awards 2022 News Team Monday, July 18, 2022 1:00 am http://legal.managersofwealth.com/article/69045/paul-hastings-distinguished-for-ampldquomost-innovative-use-of-technologyamprdquo-at-the-lawyer-awards-2022 The Lawyer Awards recognises the top legal teams in the industry and celebrates legal excellence. FinTech Cybersecurity in Singapore: Building resilience in the digital age News Team Friday, July 15, 2022 1:00 am http://legal.managersofwealth.com/article/69026/cybersecurity-in-singapore-building-resilience-in-the-digital-age The recent COVID-19 pandemic further catalysed society’s reliance, impacting how we live, work and interact with one another. FinTech DLA Piper represents Grayshift in its strategic investment from Thoma Bravo News Team Wednesday, July 13, 2022 1:00 am http://legal.managersofwealth.com/article/68985/dla-piper-represents-grayshift-in-its-strategic-investment-from-thoma-bravo Grayshift focuses on mobile device digital forensics in the area of lawful access and extraction. FinTech Maples Group Launches Industry-Leading ESG Fund Services Solutions News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69406/maples-group-launches-industry-leading-esg-fund-services-solutions According to Bloomberg, ESG assets under management ("AUM") are on pace to account for nearly US$53 trillion by 2025, one-third of global AUM. Planet SOS ESG considerations in private company M&A transactions News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69407/esg-considerations-in-private-company-mampampa-transactions In this article we consider where ESG factors are relevant in private company M&A transactions, how to approach such factors and what can be done in advance of a deal, from the perspective of both a seller and a buyer. Planet SOS Advising Eneus Energy on Investment Agreement with Carlyle and GIC News Team Friday, August 12, 2022 1:00 am http://legal.managersofwealth.com/article/69373/advising-eneus-energy-on-investment-agreement-with-carlyle-and-gic Eneus’ mission is to support the development of the green hydrogen economy. Planet SOS HSF Sydney office switches to 100% renewable energy as firm chases net zero global emissions by 2030 News Team Wednesday, August 10, 2022 1:00 am http://legal.managersofwealth.com/article/69324/hsf-sydney-office-switches-to-100-renewable-energy-as-firm-chases-net-zero-global-emissions-by-2030 The agreement, with wholesale electricity retailer Flow Power, came into effect on 1 July 2022. Planet SOS Shoosmiths makes the British Property Federation’s Net Zero Pledge News Team Tuesday, August 09, 2022 1:00 am http://legal.managersofwealth.com/article/69312/shoosmiths-makes-the-british-property-federationamprsquos-net-zero-pledge Shoosmiths has signed the British Property Federation’s (BPF) Net Zero Pledge. Planet SOS Ogier advises Excellence Commercial Properties Co Ltd on its US$100 million green bond offering News Team Tuesday, August 09, 2022 1:00 am http://legal.managersofwealth.com/article/69318/ogier-advises-excellence-commercial-properties-co-ltd-on-its-us100-million-green-bond-offering Excellence Commercial Properties Co Ltd is a leading PRC commercial property developer and operator focusing on the development and operation of large scale urban commercial complexes in premium locations in the PRC, particularly in Shenzhen. Planet SOS Herbert Smith Freehills has Advised the Clean Energy Finance Corporation News Team Wednesday, August 03, 2022 1:00 am http://legal.managersofwealth.com/article/69243/herbert-smith-freehills-has-advised-the-clean-energy-finance-corporation These include companies with low carbon products, technology and services that enable energy efficiency or facilitate the accelerated adoption of low emissions technologies. Planet SOS Islanders’ claim highlights climate-related risk facing global businesses News Team Friday, July 29, 2022 1:00 am http://legal.managersofwealth.com/article/69195/islandersamprsquo-claim-highlights-climate-related-risk-facing-global-businesses The four islanders are seeking £3,000 each in compensation for what they claim is the damage done to their mental health from the impact rising sea levels has had, and to account for the cost of planting mangroves and installing flood defences to mi Planet SOS London Data Charter is key to letting capital ‘recover and thrive’ News Team Wednesday, July 27, 2022 1:00 am http://legal.managersofwealth.com/article/69153/london-data-charter-is-key-to-letting-capital-amplsquorecover-and-thriveamprsquo Drafted by experts at Pinsent Masons and London First last year, the charter encourages signatories to become “a part of London’s data ecosystem” by sharing data. Planet SOS The new wave of renewable disputes: How can commercial parties protect themselves? News Team Tuesday, July 26, 2022 1:00 am http://legal.managersofwealth.com/article/69141/the-new-wave-of-renewable-disputes-how-can-commercial-parties-protect-themselves The substantive areas of disputes risk on renewables projects arise in various ways. Planet SOS Success for Mishcon clients, Diag Human SE and Mr Josef Stava, as the High Court rules that CFA fees cannot be collected under an unenforceable retainer News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69410/success-for-mishcon-clients-diag-human-se-and-mr-josef-stava-as-the-high-court-rules-that-cfa-fees-cannot-be-collected-under-an-unenforceable-retainer The CFA entered into with Diag and Mr Stava was deemed by the Court to be "wholly different" in nature to the retainer signed previously with Diag alone. Court Cases High Court gives first cladding and fire safety decision post-Grenfell News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69411/high-court-gives-first-cladding-and-fire-safety-decision-post-grenfell Under an amended JCT 1998 Standard Form of Building Contract with Contractor’s Design dated 20 January 2005 (the Contract), Mulalley & Co. Limited (Mulalley), a well-known building contractor based in Essex, undertook refurbishment works to five Court Cases Supreme Court decision highlights complexity of the UK’s tax system News Team Monday, August 15, 2022 1:00 am http://legal.managersofwealth.com/article/69385/supreme-court-decision-highlights-complexity-of-the-ukamprsquos-tax-system This could be because the computation of the corporate tax base in the UK is complicated and requires a nuanced understanding of different factors – a point highlighted by the Supreme Court earlier this year. Court Cases Fraud success as zombie claim lacks bite News Team Monday, August 15, 2022 1:00 am http://legal.managersofwealth.com/article/69389/fraud-success-as-zombie-claim-lacks-bite Our fraud team have successfully defended a fraudulent personal injury claim involving the fabrication of evidence and false reports of the claimant's death on the eve of trial. Court Cases SDNY: Murabaha Agreements Do Not Qualify for Safe-Harbor Treatment in Bankruptcy News Team Friday, August 12, 2022 1:00 am http://legal.managersofwealth.com/article/69358/sdny-murabaha-agreements-do-not-qualify-for-safe-harbor-treatment-in-bankruptcy The judgment handed down in Arcapita supports this interpretation, which provides comfort to market participants. Court Cases McGrath Tonner v Khatidja McLean – when can default judgment be set aside or varied in Cayman? News Team Thursday, August 11, 2022 1:00 am http://legal.managersofwealth.com/article/69353/mcgrath-tonner-v-khatidja-mclean-ampndash-when-can-default-judgment-be-set-aside-or-varied-in-cayman The Judge helpfully set out the two-fold test for setting aside default judgment and summarised the relevant authorities Court Cases What does the New York Convention require in terms of due process? News Team Wednesday, August 10, 2022 1:00 am http://legal.managersofwealth.com/article/69334/what-does-the-new-york-convention-require-in-terms-of-due-process The claimant obtained an award against two private equity limited partnerships in arbitral proceedings seated in Brazil Court Cases Arbitration stations – guidance from the Privy Council on the standard of due process when enforcing arbitral awards in the Cayman Islands News Team Wednesday, August 10, 2022 1:00 am http://legal.managersofwealth.com/article/69338/arbitration-stations-ampndash-guidance-from-the-privy-council-on-the-standard-of-due-process-when-enforcing-arbitral-awards-in-the-cayman-islands The standard of due process being imposed by the domestic statutory provision therefore still needed to be capable of applying to any international arbitration Court Cases U.S. Supreme Court to Rule on Conflict Relating to How to Prevent U.S. Persons with Overseas Accounts from Circumventing U.S. Law News Team Thursday, August 04, 2022 1:00 am http://legal.managersofwealth.com/article/69264/us-supreme-court-to-rule-on-conflict-relating-to-how-to-prevent-us-persons-with-overseas-accounts-from-circumventing-us-law The FBAR provides the Department of Treasury with information from United States persons with financial interests in accounts abroad. Court Cases EU court’s merger ruling signals increased gun-jumping risk for firms News Team Monday, August 01, 2022 1:00 am http://legal.managersofwealth.com/article/69204/eu-courtamprsquos-merger-ruling-signals-increased-gun-jumping-risk-for-firms The court found that the Commission has the power to review any merger that may raise significant competition concerns within the EU, even if the companies involved do not have activities in Europe – or the merger falls below the EU’s turnover Court Cases