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Further improvements to the Jersey Private Fund regime

Certain technical changes have been made to Jersey's secondary legislation

UK legislation for new rules combatting tax avoidance by umbrella companies published

The new rules apply where an umbrella company is used to supply an individual to provide services to a client business.

Jersey’s most successful fund product gets even better - updates to the Jersey Private Fund

Carey Olsen is delighted to have been heavily involved in updating the JPF Guide.

Key changes in the newly revised JPF Guide

The new JPF Guide, and a new statutory instrument, the Collective Investment Funds (Jersey Private Funds) Order, will come into force from 6 August 2025.

Contracts to Manage AI Risk (Bermuda)

The BMA’s 2025 Business Plan signalled future policies concerning the risk-managed use of AI by its registrants.

Maples Group Strengthens Data Security and Privacy Credentials with Latest ISO Certifications

Maples Group receives ISO 27001:2022 and ISO 27701:2019 certifications, internationally recognised information security and privacy standards.

Dentons appointed by Singapore government for international carbon credit trading

Singapore has long been a pioneer in implementing Article 6, recognising its pivotal role in accelerating global decarbonisation.

Captive insurance regulatory regime to be introduced in the UK

Despite the UK being recognised as a leading insurance market globally, most captives are based outside of the country.

Overview of the Cayman Islands economic substance requirements

The Cayman Islands is a member of the OECD Inclusive Framework on Base Erosion and Profit Shifting

Continuing Requirements of the Companies Act of Bermuda

Before proceeding with the incorporation of a company in Bermuda, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.

Trustee licensing: A comparative look at the advantages and a summary of the licensing regime in the BVI and the Cayman Islands

There are several reasons why these jurisdictions are favourable; this article discusses a few of the important ones.

Insurance Loss Payable Clause in Leasing Agreements

The Court identifies a distribution of responsibilities between the parties involved (lessor, user, insurance company) that will have significant operational and practical implications.

Digital Regulation Cooperation Forum: The Future of Open Finance and Smart Data

Open Finance presents opportunities to enhance competition, stimulate innovation and improve inclusion by helping providers to offer more tailored products and services to better serve the diverse needs of consumers, building on the success of Open Bankin

Continuing Obligations for Private and Professional Funds in the BVI

Key continuing obligations for private and professional funds ensure SIBA compliance, crucial for funds recognised by the BVI FSC.

Changes to accessing beneficial ownership information in the BVI

The Amending Regulations also clarify the application of the existing exemptions in relation to investment funds

Singaporean government announces new grant following global trade disruption

The Singapore Economic Resilience Task Force (SERT) has indicated that the grant will offer up to S$100,000 (approx. US$78,000) per company, while requiring co-funding by eligible firms.

UK and France agree cross-border industrial partnership

The partnership will be continuously monitored through the annual dialogue between the UK Department for Business and Trade and the French Directorate-General for Enterprise.

Eastern Caribbean Court of Appeal delivers key ruling concerning directors' duties and creditor protection in the British Virgin Islands

The COA rejected the suggestion that only a loss to the company, which was a separate legal entity to the body of creditors, would trigger compensation.

Businesses must ensure robust safety strategies following workplace fatality stats

Male workers also continue to account for 95% of all fatalities at work.

South African and Middle Eastern employers urged to review and adapt harassment policies 

Organisations should conduct assessments to ensure managers and workers are not only aware of the existence of such policies but actively implement the values of those policies

Government Regulation