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

The BVI Common Law After Broad Idea

Although it is the usual situation, there is no requirement that the judgment should be a judgment against the respondent.

Formal accounting: General considerations following entry into effect of bitcoin law

This article presents some general considerations that merchants required to comply with the “formal accounting” requirements under El Salvador’s commercial

Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements

Progress Report on the implementation of the FSB High-Level Recommendations

A “sea change” in attitudes towards third party litigation funding in Jersey

These old offences of champerty and maintenance were first decriminalised in England in 1967.

Overview of joint and several liability notices for tax avoidance, tax evasion and repeated insolvency

This guidance is about the ‘Joint and several liability of company directors etc’ legislation

Luxembourg: New Performance Fee Declaration

The declaration will be available from 30 September 2021 for all funds with a July to December 2021 financial year end and from January 2022 for all funds with a January to June 2022 financial year end.

Platinum Sponsor Appleby to Speak on Regulatory and Digital Assets Panels at Bermuda Tech Summit

Appleby is pleased to be a Platinum Sponsor of the 2021 Bermuda Tech Summit which is taking place virtually 13-15 October. The conference is presented by the BDA (Bermuda Business Development Agency).

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 and the general partner of the fund to upload the investor notice to the fund's investor portal, and to then provide

Standstill agreements in 1975 Act claims – stop losing the plot!

All litigation involves risk analysis.

Registration of overseas entities

There will be a new requirement for the Land Registry to enter a restriction on the title of land owned by an overseas entity

Deputy Judge President’s warnings regarding urgent applications

The DJP reminded practitioners that the ultimate test as to whether a matter is urgent, is whether irreparable harm is apparent if an order is not granted in that week.

The International Trade Law Review: UK Customs and Trade

A declaration may be made by any person established in the UK who is able to present the goods in question

Cayman Islands Voluntary Liquidations 2021

Funds seeking to de-register from CIMA will also be required to complete a final audit in most instances.

Saudi data protection reform to take effect in March 2022

The Personal Data Protection Law (PDPL), published in the Official Gazette in KSA on 24 September 2021, sets out conditions around the processing of personal data as well as a series of rights that ‘personal data owners’ will enjoy.

UK government to impose financial crime levy on regulated firms

Respondents also agreed that proportionality, predictability, simplicity and cost-effectiveness were key core principles the government should consider when designing the levy.

Guernsey discrimination law update: Where are we now?

In the interests of best practice, many employers already ensure equivalence of rights between Guernsey and the UK, and will therefore have anti-discrimination policies in place.

The Statement of Practice issued on 25 August 2021 clarifies the tax treatment of trusts and foundations established in Mauritius

Any trust or foundation may claim partial exemption on such categories of income specified in the ITA subject to satisfying the conditions prescribed relating to substance of their activities.

Government Regulation