10/22/2021
Pandora Papers leak highlights importance of third-party due diligence
In many of these jurisdictions, sometimes referred to as tax havens or secrecy jurisdictions, associated tax rates may also be low, or even nil.
Offshore and IFC
10/21/2021
Revision of Laws – looking at 'universal' provisions across the industry sectors
In this week's Update, we look at some of the universal changes that standardise and align the new regulatory laws.
10/21/2021
Local legal practice makes national top 500 list
Anna Douglass was named as a key lawyer in property practice, and Helen McGeoch was recommended in the corporate team.
10/21/2021
Channel Islands Funds Quarterly Update: Q3 2021
Trading carbon credits (a carbon credit is a certificate or permit representing the holder’s right to emit one tonne of carbon dioxide or other greenhouse gases) is now included as an example of where goods or services are not subject to consumer pr
10/21/2021
Carey Olsen confirmed as the leading Channel Islands law firm in Chambers UK rankings
The Chambers UK rankings follow last month's publication of the 2022 edition of The Legal 500 UK, which also saw Carey Olsen lead offshore firms in the Channel Islands with 18 top-tier rankings.
10/20/2021
More lawyers recognised as ‘Rising Stars’ in Legal 500 rankings
Laura, also a Senior Associate, has experience in corporate and finance transactions as well as debt listings on the Channel Islands Securities Exchange Authority.
10/20/2021
Protectors’ powers to consent to or veto trustee decisions: Jersey’s Royal Court explains the limits
The Court held that the protector will usually be entitled and required to form his or her own judgment on a trustee’s decision and whether to consent to it
10/19/2021
The restated Protection of Investors (Bailiwick of Guernsey) Law
In headline terms, the categories of licensees, exemptions available and the definition of controlled investments have remained unchanged and, as such, the categorisation of existing legal structures are unaffected by the amendments.
10/19/2021
Termination of Cayman vehicles - advance planning to minimise 2022 fees
This is the preferred route as once the vehicle has been dissolved by voluntary liquidation, it cannot be legally re-instated by any interested party.
10/19/2021
Ogier's Guernsey Dispute Resolution team now one of the largest in the Island
The team of qualified lawyers also comprises Heidi Sandy, Nick Taitz, Zoë Beer, Margeaux Malherbe and Gareth Parr, together with paralegal Victoria Randall and current trainee solicitors James Hewlett and Andrew Tautscher.
10/13/2021
New exemptions align Jersey’s prospectus rules with familiar UK/EU exemptions
The changes are an important step in modernising Jersey’s prospectus regime while still maintaining its integrity and its fundamental role in protecting investors.
10/12/2021
Cayman Regulatory Update - Q4 2021
On 10 September 2021, CIMA issued a Notice providing a further extension to the deadline for filing the private fund annual return (FAR) and RFE forms.
10/12/2021
The Siskina listing after striking a Black Swan
Update prepared by Eleanor Morgan, Jennifer Jenkins and Shane Donovan (British Virgin Islands).
10/12/2021
Snapshot: can you take security over the assets and shares of a BVI company?
A BVI company can grant security over its assets in any manner permitted or required in the local jurisdiction where such assets and/or tangible moveable property are located.
10/08/2021
Fund finance: Guernsey perspective and updates
Often an acceptable approach is for a notice to be delivered to the corporate administrator acting for and on behalf of each investor
10/08/2021
DeFi, DAOs and VASPs in the Cayman Islands
The industry interpretation of these regulations is such that a private sale would therefore not constitute a sale to the public.
10/08/2021
Jersey: Ideally Placed For Islamic Investors
In their article Mike and Alexander discuss Jersey's leading position
10/07/2021
Generational property in The Bahamas: how to acquire documentary title
Under the laws of The Bahamas, the applicant must be in factual possession of the land for a period of 12 years or more to successfully bring a claim for adverse possession.
10/07/2021
Take privates by way of a scheme of arrangement in the Cayman Islands
A scheme of arrangement is a compromise or arrangement made between the target and its shareholders
10/05/2021
Black Swan flies and The Siskina lists: Privy Council upholds BVI freestanding freezing injunctions
The decision in Broad Idea contains a useful summary of the jurisdiction to grant freezing orders against non-cause of action respondents to foreign proceedings: