Managers of Wealth - Legal http://legal.managersofwealth.com/ Wed, 23 Apr 2025 11:53:22 BST part of MediaG8way Group http://legal.managersofwealth.com/ http://legal.managersofwealth.com/assets/images/logo.png Managers of Wealth - Legal KohanaPHP The Evolution of Family Office Structures in Hong Kong: A Strategic Guide to Regulatory and Structuring Considerations News Team Tuesday, April 01, 2025 1:00 am http://legal.managersofwealth.com/article/80113/the-evolution-of-family-office-structures-in-hong-kong-a-strategic-guide-to-regulatory-and-structuring-considerations The family office initiative aligns with Hong Kong's broader diversification strategy Wealth, Trusts and Family Office A new era of giving: how family philanthropy is creating an impact News Team Friday, March 28, 2025 12:00 am http://legal.managersofwealth.com/article/80076/a-new-era-of-giving-how-family-philanthropy-is-creating-an-impact The first is a general shift in attitudes towards wealth and inheritance, with older and younger generations more likely to agree that a family fortune should be used to serve a broader purpose. Wealth, Trusts and Family Office Intergenerational wealth transfer planning part 1: By failing to prepare you are preparing to fail News Team Thursday, March 27, 2025 12:00 am http://legal.managersofwealth.com/article/80058/intergenerational-wealth-transfer-planning-part-1-by-failing-to-prepare-you-are-preparing-to-fail The client must consider the degree of freedom they are comfortable for the recipient(s) to have in administering and devolving the assets. Wealth, Trusts and Family Office Ogier stars shine with three Gold wins at 2025 Citywealth Powerwomen Awards News Team Friday, March 07, 2025 12:00 am http://legal.managersofwealth.com/article/79831/ogier-stars-shine-with-three-gold-wins-at-2025-citywealth-powerwomen-awards The Citywealth Powerwomen awards – now in their 14th year – champion women in the wealth sector from all over the world and highlight the female leaders of today and tomorrow. Wealth, Trusts and Family Office Cayman Islands Foundation Companies as Private Trust Companies News Team Friday, March 07, 2025 12:00 am http://legal.managersofwealth.com/article/79832/cayman-islands-foundation-companies-as-private-trust-companies A Foundation Company in the Cayman Islands is a unique hybrid entity that combines features of both traditional companies and trusts. Wealth, Trusts and Family Office Ogier dominates Private Client Global Elite Directory 2025 News Team Friday, February 14, 2025 12:00 am http://legal.managersofwealth.com/article/79589/ogier-dominates-private-client-global-elite-directory-2025 17 members of Ogier's multi-jurisdictional Trusts Advisory Group from both the Private Wealth and Dispute Resolution teams are included in the list Wealth, Trusts and Family Office Seven Appleby lawyers recognised among top-peer selected private client lawyers News Team Friday, February 07, 2025 12:00 am http://legal.managersofwealth.com/article/79512/seven-appleby-lawyers-recognised-among-top-peer-selected-private-client-lawyers This recognition, based on peer reviews, highlights the respect and trust earned by our lawyers within the profession. Wealth, Trusts and Family Office How is private wealth approaching impact? News Team Friday, February 07, 2025 12:00 am http://legal.managersofwealth.com/article/79514/how-is-private-wealth-approaching-impact These initiatives provide guidance for countries, companies, investors and philanthropists to align their activities towards sustainability and protecting the environment for the next generation. Wealth, Trusts and Family Office The Alphabet Trust and its benefits for South African families News Team Thursday, February 06, 2025 12:00 am http://legal.managersofwealth.com/article/79497/the-alphabet-trust-and-its-benefits-for-south-african-families The Trust Law offers robust protection against creditor claims Wealth, Trusts and Family Office Appleby awarded Isle of Man Law Firm of the Year at Citywealth IFC Awards 2025 News Team Monday, February 03, 2025 12:00 am http://legal.managersofwealth.com/article/79451/appleby-awarded-isle-of-man-law-firm-of-the-year-at-citywealth-ifc-awards-2025 The IFC Awards brings together over 120 of the world’s top wealth advisors and private client experts. Wealth, Trusts and Family Office AIFMD II: Timeline to implementation - One year on News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80293/aifmd-ii-timeline-to-implementation-one-year-on Our Irish Asset Management & Investment Funds team have updated our comprehensive timeline outlining the key milestones, leading to implementation of AIFMD II across the EU. Government Regulation British Virgin Islands Update: New Additional Information (CRS Form) Released News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80294/british-virgin-islands-update-new-additional-information-crs-form-released The Additional Information Form is issued by the ITA pursuant to its power to request information Government Regulation UK bankers’ remuneration reform: proposed relaxation of deferral and retention rules in focus News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80296/uk-bankersamprsquo-remuneration-reform-proposed-relaxation-of-deferral-and-retention-rules-in-focus These proposals are part of a broader trend of deregulatory reforms, including the removal of the bankers’ bonus cap. Government Regulation Grants of probate, letters of administration and resealing foreign grants in the Cayman Islands News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80308/grants-of-probate-letters-of-administration-and-resealing-foreign-grants-in-the-cayman-islands The grant of representation appoints a personal representative in Cayman who may thereafter administer the estate of the deceased Government Regulation Update on the right to statutory sick leave in Ireland News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80309/update-on-the-right-to-statutory-sick-leave-in-ireland The adjudicator acknowledged that the company adhered to its attendance and disciplinary policy. Government Regulation AED Expands AML/CFT Reporting Obligations for Unregulated AIFs News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80286/aed-expands-amlcft-reporting-obligations-for-unregulated-aifs The questionnaire is designed to help the CSSF identify money laundering/terrorist financing (“ML/TF”) risks and forms part of the CSSF’s supervisory activities. Government Regulation Creation of security by a BVI company News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80288/creation-of-security-by-a-bvi-company This guide examines the key BVI aspects of the creation by a BVI company of security over its foreign assets under foreign law. Government Regulation M&A transactions under PIPA (Bermuda) News Team Tuesday, April 15, 2025 1:00 am http://legal.managersofwealth.com/article/80262/mampampa-transactions-under-pipa-bermuda Standard form M&A engagement agreements, including NDAs, may need to be reviewed and updated to reflect Pipa’s grounds to allow such transactional use and possibly export from Bermuda. Government Regulation Image rights in Ireland News Team Tuesday, April 15, 2025 1:00 am http://legal.managersofwealth.com/article/80268/image-rights-in-ireland Unlike the US, there is no standalone ‘personality right’ or ‘right of publicity’ in Ireland. Government Regulation UK regulatory ‘gap’ brings PFAS claims risk for businesses News Team Monday, April 14, 2025 1:00 am http://legal.managersofwealth.com/article/80254/uk-regulatory-amplsquogapamprsquo-brings-pfas-claims-risk-for-businesses Some of these chemicals are known to degrade very slowly Government Regulation Ogier Global partners with leading tech platform Yardi to further enhance real estate services News Team Thursday, April 10, 2025 1:00 am http://legal.managersofwealth.com/article/80213/ogier-global-partners-with-leading-tech-platform-yardi-to-further-enhance-real-estate-services The adoption of Yardi’s investment accounting will further enable Ogier Global to simplify complex financial processes and improve reporting accuracy. Tax FOIA Appeals Fail So Often, Taxpayers See a Broken System Tax Notes News Team Thursday, April 03, 2025 1:00 am http://legal.managersofwealth.com/article/80142/foia-appeals-fail-so-often-taxpayers-see-a-broken-system-tax-notes FOIA requests first go the IRS' disclosure office, then to the Independent Office of Appeals (Appeals). Tax The Domestic Minimum Top-Up Tax Act News Team Monday, March 31, 2025 1:00 am http://legal.managersofwealth.com/article/80084/the-domestic-minimum-top-up-tax-act Pillar Two seeks to establish a global minimum tax of 15% for multinational enterprise (“MNE”) groups with revenues of 750 million euros or more (“in-scope MNE Group”). Tax VAT assessment ‘conspicuously unfair’ and set aside on the basis of taxpayer’s legitimate expectation News Team Monday, March 31, 2025 1:00 am http://legal.managersofwealth.com/article/80087/vat-assessment-amplsquoconspicuously-unfairamprsquo-and-set-aside-on-the-basis-of-taxpayeramprsquos-legitimate-expectation VAT assessment ‘conspicuously unfair’ and set aside on the basis of taxpayer’s legitimate expectation Tax Modernisation of the SPF tax regime: what you need to know News Team Monday, March 24, 2025 12:00 am http://legal.managersofwealth.com/article/80011/modernisation-of-the-spf-tax-regime-what-you-need-to-know The SPF benefits from an advantageous tax regime as it is exempt from corporate taxation and solely subject to a 0.25 per cent subscription tax capped at 125,000 Euros per year. Tax UK tax tribunal confirms limits of third-party access to documents in appeals News Team Friday, March 21, 2025 12:00 am http://legal.managersofwealth.com/article/80004/uk-tax-tribunal-confirms-limits-of-third-party-access-to-documents-in-appeals It applied to the FTT for access to a range of documents from a tax appeal involving rival mobile ride hailing provider Bolt. Tax Insurance intermediaries working with offshore insurers may reclaim UK VAT News Team Thursday, March 20, 2025 12:00 am http://legal.managersofwealth.com/article/79986/insurance-intermediaries-working-with-offshore-insurers-may-reclaim-uk-vat The case revolved around complex VAT recovery rules and the interpretation of European Union directives. Tax Luxembourg Replaces Tax Treaty Benefits and UCI Residency Certificates Circular News Team Thursday, March 06, 2025 12:00 am http://legal.managersofwealth.com/article/79821/luxembourg-replaces-tax-treaty-benefits-and-uci-residency-certificates-circular Requests for tax residency certificates for RAIFs are to be requested either by the RAIF itself or its depositary. Tax Baker Tilly Expands Mid-Atlantic Presence with Acquisition of Hayflich CPAs News Team Friday, February 28, 2025 12:00 am http://legal.managersofwealth.com/article/79761/baker-tilly-expands-mid-atlantic-presence-with-acquisition-of-hayflich-cpas This acquisition strengthens Baker Tilly’s presence in the Mid-Atlantic region and enhances its ability to deliver tailored solutions to businesses and individuals. Tax Global Perspectives News Team Thursday, February 27, 2025 12:00 am http://legal.managersofwealth.com/article/79734/global-perspectives Global Tax Update Tax Collas Crill congratulates debut fund launch News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80307/collas-crill-congratulates-debut-fund-launch Paul was a partner in the Guernsey office of Collas Crill until 2021. He remains with the firm in a client-facing consultant role. Comment, Analysis & Research Japan’s record-breaking investment into Australia set to continue News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80282/japanamprsquos-record-breaking-investment-into-australia-set-to-continue The report's impressive data illustrates the strength of the investment relationship between Japan and Australia. Comment, Analysis & Research Hat Trick of Honors: Dentons lawyers shine nationally in 2026 Best Lawyers in Australia™ News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80292/hat-trick-of-honors-dentons-lawyers-shine-nationally-in-2026-best-lawyers-in-australiaamptrade In total, 40 lawyers have been recognised in The Best Lawyers in Australia™ (2026 Edition), after being nominated by their peers as leading practitioners in their fields of practice, spanning 39 specialties. Comment, Analysis & Research Baker McKenzie Named a Top 10 Firm in Global Arbitration Review's GAR 30 2025 News Team Tuesday, April 15, 2025 1:00 am http://legal.managersofwealth.com/article/80265/baker-mckenzie-named-a-top-10-firm-in-global-arbitration-reviewamp039s-gar-30-2025 The number of hearings of above US$10 million it took part in (merits and jurisdictional) in a two-year period. Comment, Analysis & Research Chambers Europe Recognizes Cooley Lawyers and Practices News Team Monday, April 14, 2025 1:00 am http://legal.managersofwealth.com/article/80247/chambers-europe-recognizes-cooley-lawyers-and-practices he results include a new Europewide recognition in Competition in the European Union. Comment, Analysis & Research When can a company claim privilege against its own shareholders in the Cayman Islands? News Team Monday, April 14, 2025 1:00 am http://legal.managersofwealth.com/article/80248/when-can-a-company-claim-privilege-against-its-own-shareholders-in-the-cayman-islands It has traditionally been accepted that a company cannot claim privilege against its shareholders due to a common or joint interest in the legal advice being received by the company Comment, Analysis & Research Ropes & Gray Shortlisted for 10 LMG Life Sciences EMEA Awards News Team Monday, April 14, 2025 1:00 am http://legal.managersofwealth.com/article/80249/ropes-ampamp-gray-shortlisted-for-10-lmg-life-sciences-emea-awards After months of research and submission reviews, the awards celebrate the most impactful cases, deals, and the lawyers and law firms behind them. Comment, Analysis & Research Partners recognised in ABLJ’s A-List 2025 News Team Monday, April 14, 2025 1:00 am http://legal.managersofwealth.com/article/80256/partners-recognised-in-abljamprsquos-a-list-2025 The selection process for these annual lists is based on extensive editorial research Comment, Analysis & Research Harneys Cyprus secures Tier 1 rankings in Legal 500 for 2025 News Team Friday, April 11, 2025 1:00 am http://legal.managersofwealth.com/article/80238/harneys-cyprus-secures-tier-1-rankings-in-legal-500-for-2025 Harneys Cyprus stands as a trusted partner for international and cross-border transactions Comment, Analysis & Research Dentons Real Estate team recognised as UAE Real Estate Team of the Year at Chambers Middle East Awards 2025 News Team Friday, April 11, 2025 1:00 am http://legal.managersofwealth.com/article/80240/dentons-real-estate-team-recognised-as-uae-real-estate-team-of-the-year-at-chambers-middle-east-awards-2025 The award highlights the dedication, expertise and professionalism that Dentons’ UAE Real Estate team brings to every client and project. Comment, Analysis & Research Jersey team's generosity shines through in £45,000 charity total News Team Monday, February 10, 2025 12:00 am http://legal.managersofwealth.com/article/79528/jersey-teamamp039s-generosity-shines-through-in-amppound45000-charity-total Throughout 2023 and 2024, the Jersey Charities Committee organised a number of fundraising events Charity & Philanthropy Charity Commission Inquiry: Quba Trust News Team Wednesday, January 29, 2025 12:00 am http://legal.managersofwealth.com/article/79425/charity-commission-inquiry-quba-trust Three of the Charity's trustees were disqualified for periods of 10, 7.5, and 5.1 years respectively Charity & Philanthropy 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 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 Wong & Partners Hires Celia Cheah to its Intellectual Property Practice News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80295/wong-ampamp-partners-hires-celia-cheah-to-its-intellectual-property-practice She has extensive experience helping clients with the creation, protection, commercialisation, and enforcement of various IP rights, including trademarks, patents, industrial designs, and copyrights. People Moves DLA Piper welcomes Matt Posthuma to the Investment Funds Practice News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80299/dla-piper-welcomes-matt-posthuma-to-the-investment-funds-practice He will be based in the Chicago office. People Moves Paul, Weiss Adds Fund Finance Partner in London News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80301/paul-weiss-adds-fund-finance-partner-in-london Roper has extensive expertise in fund finance and general lending and advisory work, acting for both fund managers and financial institutions. People Moves Dentons Rattagan Arocena appoints new Partner and two Counsel News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80279/dentons-rattagan-arocena-appoints-new-partner-and-two-counsel Nahuel Alvarez-Wachter obtained his law degree cum laude from the Universidad de Buenos Aires in 2015, specializing in corporate law. People Moves Appointment of Andrew Willins as Kings Counsel News Aggregation Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80281/appointment-of-andrew-willins-as-kings-counsel His appointment took effect from 9 April 2025 when he received his Letters Patent from His Excellency the Governor, Daniel Pruce. People Moves Herbert Smith Freehills appoints Dr. Hannes Jacobi as partner News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80283/herbert-smith-freehills-appoints-dr-hannes-jacobi-as-partner Hannes Jacobi advises on financing transactions People Moves Holland & Knight Strengthens Oil & Gas Practice with Addition of Luke Burns in Houston News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80291/holland-ampamp-knight-strengthens-oil-ampamp-gas-practice-with-addition-of-luke-burns-in-houston Mr. Burns's practice focuses on complex transactions in the LNG, oil and gas and hydrogen sectors. People Moves Hogan Lovells boosts DCM capabilities in Singapore News Team Tuesday, April 15, 2025 1:00 am http://legal.managersofwealth.com/article/80266/hogan-lovells-boosts-dcm-capabilities-in-singapore Phill joins from Linklaters. People Moves Seon-Ae Choi Appointed as a public member of the Seoul Regional Labor Relations Commission News Team Tuesday, April 15, 2025 1:00 am http://legal.managersofwealth.com/article/80270/seon-ae-choi-appointed-as-a-public-member-of-the-seoul-regional-labor-relations-commission As a Trial Division Public Member, Ms. Choi serves on the Seoul Regional Labor Relations Commission People Moves Herbert Smith Freehills promotes 19 to partnership News Team Tuesday, April 15, 2025 1:00 am http://legal.managersofwealth.com/article/80271/herbert-smith-freehills-promotes-19-to-partnership The promotions reflect the firm’s commitment to invest in talent. People Moves Mayer Brown advises R.J. O’Brien on merger with StoneX Group News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80297/mayer-brown-advises-rj-oamprsquobrien-on-merger-with-stonex-group The transaction is expected to conclude in the third quarter of this year, pending regulatory approval and customary closing conditions. Legal Advice Maples Group Recognised in 2025 IFLR Asia-Pacific Awards News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80302/maples-group-recognised-in-2025-iflr-asia-pacific-awards The Black Sesame Hong Kong IPO is the second specialised technology company to be listed under the Chapter 18C listings rule. Legal Advice Chambers France Names Latham 2025 Private Equity Law Firm of the Year News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80300/chambers-france-names-latham-2025-private-equity-law-firm-of-the-year The win underscores the team’s unmatched understanding of the market and ability to leverage the firm’s global platform to handle high-stakes, multi-jurisdictional issues. Legal Advice Global Arbitration Review ranks Mayer Brown in GAR 30 2025 News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80303/global-arbitration-review-ranks-mayer-brown-in-gar-30-2025 Mayer Brown advises on many of the world’s largest and most complex international arbitrations, including numerous commercial and investment treaty disputes spanning the infrastructure, energy, mining and technology sectors. Legal Advice Mayer Brown advises PETRONAS on the sale of PETRONAS E&P Argentina to Vista Energy News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80304/mayer-brown-advises-petronas-on-the-sale-of-petronas-eampampp-argentina-to-vista-energy The transaction, that closed on April 15, 2025, has a total value of approximately $1.5 billion Legal Advice Dentons Rodyk named an Employer of Choice by Asian Legal Business for the second consecutive year News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80305/dentons-rodyk-named-an-employer-of-choice-by-asian-legal-business-for-the-second-consecutive-year This distinguished annual award underscores our dedication to cultivating a supportive, inclusive, and growth-focused workplace where our employees can truly thrive. Legal Advice Australian companies face new ransomware reporting requirements News Team Thursday, April 17, 2025 1:00 am http://legal.managersofwealth.com/article/80306/australian-companies-face-new-ransomware-reporting-requirements The Australian government’s annual cyberthreat report found that there was a 3% increase in ransomware attacks on businesses in 2023-24 when compared to the previous year and new ransomware groups continue to emerge. Legal Advice Osborne Clarke advises shareholders on sale of Rockhold Asset Management and Lync Wealth Management News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80277/osborne-clarke-advises-shareholders-on-sale-of-rockhold-asset-management-and-lync-wealth-management Following this transaction, Rockhold will continue to operate under its existing leadership, broadening 7IM's funds and MPS offering, which are a core component of 7IM's growth strategy. Legal Advice Harneys advises on landmark transaction for REVA Corporation News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80278/harneys-advises-on-landmark-transaction-for-reva-corporation This landmark transaction marked the first time a Japanese manager successfully admitted international institutional investors into their initial funds. Legal Advice Fund finance: Irish funds and third-party security News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80285/fund-finance-irish-funds-and-third-party-security One rule that consistently comes into play in fund finance transactions is the prohibition on QIAIFs from giving guarantees or providing security for the obligations of any third party other than itself or its wholly owned subsidiaries. Legal Advice EU AI Act rules on GPAI models under DeepSeek review News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80284/eu-ai-act-rules-on-gpai-models-under-deepseek-review Rules specific to providers of GPAI models are set out in Chapter V of the AI Act and take effect on 2 August 2025. FinTech An offshore guide to fintech (Chambers) News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80289/an-offshore-guide-to-fintech-chambers It is expected that the trends of AI, Embedded Finance and Super Apps will continue to dominate the fintech scene FinTech German coalition agreement marks shift towards more innovative approach to data protection News Team Tuesday, April 15, 2025 1:00 am http://legal.managersofwealth.com/article/80264/german-coalition-agreement-marks-shift-towards-more-innovative-approach-to-data-protection For instance, the coalition agreement proposes making data protection laws less bureaucratic and more innovation friendly. FinTech The Legal Implications of Open-Sourcing AI: The DeepSeek Case News Team Monday, April 14, 2025 1:00 am http://legal.managersofwealth.com/article/80250/the-legal-implications-of-open-sourcing-ai-the-deepseek-case This article will explore potential legal implications of leveraging open-source AI models, particularly in relation to intellectual property (IP), trade secrets, and data privacy. FinTech Businesses should consider data protection principles when working with AI vendors News Team Monday, April 14, 2025 1:00 am http://legal.managersofwealth.com/article/80258/businesses-should-consider-data-protection-principles-when-working-with-ai-vendors It is vital that who has control and ownership over the raw data and the derived data is clearly defined. FinTech IEA report brings AI’s environmental impact into sharp focus News Team Monday, April 14, 2025 1:00 am http://legal.managersofwealth.com/article/80260/iea-report-brings-aiamprsquos-environmental-impact-into-sharp-focus This, the IEA said, is because of the increase in the number of data centres that would need to be operated and how they would be powered. FinTech Advising Figure Markets on launching its first tokenised Cayman Islands fund News Team Wednesday, April 02, 2025 1:00 am http://legal.managersofwealth.com/article/80117/advising-figure-markets-on-launching-its-first-tokenised-cayman-islands-fund Cole-Frieman & Mallon LLP acted as U.S. counsel to Figure Markets. FinTech Freshfields advises EQT as lead investor in ReliaQuest’s $500 million funding round News Team Wednesday, April 02, 2025 1:00 am http://legal.managersofwealth.com/article/80130/freshfields-advises-eqt-as-lead-investor-in-reliaquestamprsquos-500-million-funding-round ReliaQuest, a global cyber security leader serving large enterprises, will use the new funding to support the company’s continued growth FinTech NHS processor fined £3m after ransomware data breach News Team Friday, March 28, 2025 12:00 am http://legal.managersofwealth.com/article/80082/nhs-processor-fined-amppound3m-after-ransomware-data-breach The data breach stemmed from a ransomware attack in August 2022 FinTech Is Cryptocurrency security - the Mauritian and USA perspectives? News Team Thursday, March 20, 2025 12:00 am http://legal.managersofwealth.com/article/79979/is-cryptocurrency-security-the-mauritian-and-usa-perspectives As of date, cryptocurrency has remained largely unregulated, if not at all, in most jurisdictions. FinTech Renewables drive anticipated in Germany News Team Wednesday, April 02, 2025 1:00 am http://legal.managersofwealth.com/article/80119/renewables-drive-anticipated-in-germany Both the federal government and the state governments in Germany will be entitled to make use of the special fund. Planet SOS Japan sets out ambitious energy investment plans in move towards sustainability News Team Wednesday, March 12, 2025 12:00 am http://legal.managersofwealth.com/article/79885/japan-sets-out-ambitious-energy-investment-plans-in-move-towards-sustainability The annual target is set at 10 million tonnes. Planet SOS Australia's energy transition: capitalising on global investment shifts post-US election News Team Tuesday, March 04, 2025 12:00 am http://legal.managersofwealth.com/article/79783/australiaamp039s-energy-transition-capitalising-on-global-investment-shifts-post-us-election An increasingly complex global environment Planet SOS Carbon capture and hydrogen ‘essential’ to achieve UK’s net-zero commitments News Team Monday, March 03, 2025 12:00 am http://legal.managersofwealth.com/article/79772/carbon-capture-and-hydrogen-amplsquoessentialamprsquo-to-achieve-ukamprsquos-net-zero-commitments The CCC said that this would be an “ambitious” target, reflecting the importance of the task, but a deliverable one, provided action is taken rapidly. Planet SOS Ireland’s renewable heat obligation can fuel its biomethane sector News Team Tuesday, February 18, 2025 12:00 am http://legal.managersofwealth.com/article/79633/irelandamprsquos-renewable-heat-obligation-can-fuel-its-biomethane-sector The RHO is set to be the main support mechanism for the emerging anaerobic digestion sector in Ireland. Planet SOS Climate ‘fundamentals’ should guide net zero action amidst change, say experts News Team Wednesday, February 12, 2025 12:00 am http://legal.managersofwealth.com/article/79564/climate-amplsquofundamentalsamprsquo-should-guide-net-zero-action-amidst-change-say-experts Watson and Wetzer were commenting in the aftermath of a recent event hosted by Pinsent Masons in partnership with Wood Mackenzie, where those issues dominated discussion. Planet SOS First stage of Queensland windfarm planning amendments comes into effect News Team Monday, February 10, 2025 12:00 am http://legal.managersofwealth.com/article/79535/first-stage-of-queensland-windfarm-planning-amendments-comes-into-effect The current reforms only apply to wind farm projects, but it is expected that a similar approach will be implemented for solar farms in the future. Planet SOS S&P Global Article Cites Ropes & Gray Half-Yearly Asset Management ESG Roundup News Team Wednesday, February 05, 2025 12:00 am http://legal.managersofwealth.com/article/79486/sampampp-global-article-cites-ropes-ampamp-gray-half-yearly-asset-management-esg-roundup The article notes that Ropes & Gray predicts another wave of bills will be introduced in this Congress Planet SOS New Queensland state government intervenes on proposed wind projects News Team Friday, January 24, 2025 12:00 am http://legal.managersofwealth.com/article/79385/new-queensland-state-government-intervenes-on-proposed-wind-projects One of the LNP’s election promises was that it would “ensure renewable energy projects are impact assessable with approval processes consistent with other land uses like mining”. Planet SOS 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 French subcontractor law sparks disputes and discussion 50 years on News Team Wednesday, April 16, 2025 1:00 am http://legal.managersofwealth.com/article/80280/french-subcontractor-law-sparks-disputes-and-discussion-50-years-on This approach was confirmed by a recent ruling by the French Supreme Court Court Cases Case offers guidance on Australian administrators' ability to remove and replace directors News Team Friday, April 11, 2025 1:00 am http://legal.managersofwealth.com/article/80229/case-offers-guidance-on-australian-administratorsamp039-ability-to-remove-and-replace-directors Sections 201G and 203C of the Act are relevant to the appointment and removal of directors. Court Cases Hostile parties, prospective costs orders and confidentiality: The Cayman Islands Courts’ approach to trust proceedings News Team Thursday, April 10, 2025 1:00 am http://legal.managersofwealth.com/article/80214/hostile-parties-prospective-costs-orders-and-confidentiality-the-cayman-islands-courtsamprsquo-approach-to-trust-proceedings The Court did accept that were the trust fund much smaller, there might have been much more force in this prejudice point if D4 could not repay any funds advanced. Court Cases Sinclair v Domaille: a case of directors, shareholders and unfair prejudice under Guernsey Law News Team Thursday, April 10, 2025 1:00 am http://legal.managersofwealth.com/article/80223/sinclair-v-domaille-a-case-of-directors-shareholders-and-unfair-prejudice-under-guernsey-law Sinclair gives clarity that quasi-partnership principles are inapplicable when a shareholder is not actively managing the company Court Cases Gift aid and the case of Harvey v Revenue and Customs Commissioners News Team Tuesday, April 08, 2025 1:00 am http://legal.managersofwealth.com/article/80186/gift-aid-and-the-case-of-harvey-v-revenue-and-customs-commissioners The joint appellants in the case lost their appeal against discovery assessments and closure notices raised against them by HM Revenue and Customs which resulted in a substantial increase in their personal tax liabilities. Court Cases UK Motor Finance Cases: Supreme Court Appeal News Team Monday, April 07, 2025 1:00 am http://legal.managersofwealth.com/article/80164/uk-motor-finance-cases-supreme-court-appeal Intervening in the case, the NFDA took a similar stance to the Appellants — that motor dealers should not be considered fiduciaries — and disagreed that, in accepting commissions, the dealers had taken bribes. Court Cases Advising on a successful Court of Appeal decision upholding freezing and disclosure orders News Team Monday, April 07, 2025 1:00 am http://legal.managersofwealth.com/article/80173/advising-on-a-successful-court-of-appeal-decision-upholding-freezing-and-disclosure-orders The Appellants challenged the ruling on five grounds. Court Cases Charity trustee overturns disqualification order made resulting from offensive social media conduct (Mond v Charity Commissioner for England and Wales) News Team Monday, April 07, 2025 1:00 am http://legal.managersofwealth.com/article/80179/charity-trustee-overturns-disqualification-order-made-resulting-from-offensive-social-media-conduct-mond-v-charity-commissioner-for-england-and-wales This case is the first example of a trustee overturning a disqualification order issued by the Commission under section 181A(7). Court Cases Supreme Court underscores high standards expected of fiduciaries News Team Tuesday, April 01, 2025 1:00 am http://legal.managersofwealth.com/article/80107/supreme-court-underscores-high-standards-expected-of-fiduciaries Judicial precedent ensures consistency and predictability in the application of the law, and in this instance, provides a clear framework within which fiduciaries must operate. Court Cases Dentons Tax experts secure victory for S.N.A Group in Federal Court taxation dispute News Team Tuesday, April 01, 2025 1:00 am http://legal.managersofwealth.com/article/80112/dentons-tax-experts-secure-victory-for-sna-group-in-federal-court-taxation-dispute The Taxpayers argued that these service fees were incurred in the ordinary course of business Court Cases