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

Simplified Due Diligence in Bermuda

Simplified Due Diligence (SDD) and Reduced Due Diligence (RDD) are legally permitted and regulatory-endorsed tools under Bermuda’s Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008.

Impact of Privacy Law on Bermuda Business

Many businesses in Bermuda have a global reach

Important Update for BVI Companies: Expiration of 9 Month Extension for Filing Initial Annual Financial Returns

Accordingly, initial annual returns that were originally due by 30 September 2024 must be filed by 30 June 2025.

Proposed amendment closes legislative gap in NSW property transaction

The bill amends the Conveyancing Act 1919 to clarify the regulation-making powers of both the Conveyancing Act 1999 and the Real Property Act 1900

More moderate protectionism than the US’s ‘may help free trade’

For now, the EU has the heft and seemingly the will to resist the type of radical trade policies coming from the US.

EU anti-greenwashing U-turn signals compliance uncertainty

The growing divergence between the EU and UK approaches to tackling greenwashing presents a complex compliance landscape for businesses to navigate, warned Gielas.

Incoming Hague Judgments Convention will boost cross-border enforcement

The UK government ratified the convention in July last year, but initially this only applied to England and Wales.

A guide to hedge funds in Guernsey

All Guernsey funds are required to be registered or authorised pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 1987

The Rise of Panda Bonds: Enhancing International Investments in China's Bond Market from an Offshore Perspective

Offshore companies have played an increasingly vital role in the rapid expansion of the panda bond market.

A guide to Guernsey investment funds

POI Law licensed managers are in-scope of Guernsey's economic substance regime by virtue of undertaking the relevant activity of fund management.

Recreational land rights upheld by the Privy Council

This decision, with its clear emphasis on substance over form, is of significant importance both in the Cayman Islands and in the numerous jurisdictions with comparable land registration systems

Whistleblowing in Jersey update

Protection would extend beyond employees

Italy cuts VAT to 5% for the art market

The VAT cut complements Italy’s favourable flat-tax regime for new residents

Employers must ensure minimum wage obligations are met after over 500 firms named for breaches

The “naming and shaming” comes as the Office of National Statistics (ONS) also published its latest report on average weekly earnings, showing that wage growth is slowing down.

Expanded Hong Kong worker rights require shift in employer approach

The change is expected to benefit tens of thousands of workers in industries that rely heavily on part time and contract labour

Appleby Expands Dispute Resolution Expertise in Greater China with Appointment of Alvin Sin as Partner in its Shanghai office

Alvin regularly advises investment banks, multinational corporations and professional services firms on regulatory and compliance matters.

Government Regulation