Managers of Wealth

UK Trust Register - final rules published

These regulations clarify some of the uncertainties raised by the previous draft regulations and accompanying consultation document which were issued in January this year.

Hong Kong: Banker Exodus Around the Corner

There is no pull factor – this is all push, the person said, noting the inquiries are largely in the «consideration stage.

Economic substance rules bring encouragement

Some corporate board meetings that should have been held on the island ended up as virtual meetings using teleconferencing because of the Covid-19 pandemic travel restrictions.

Switzerland and Cyprus sign protocol of amendment to their double taxation agreement

It still has to be approved by the legislator in both countries before it can come into force.

U.K. Freezes $6 Million London Home Tied to Petrobras Scandal

The prosecutors have been seeking to trace funds from Swiss bank accounts held by a series of offshore companies, the judge said.

Why Hong Kong is the Ideal Place to Resolve Your Commercial Disputes

With an established and trustworthy English-Chinese bilingual legal system, Hong Kong is an ideal hub to resolve international disputes for foreign parties

ESMA reports on MiFID/MiFIR transparency regime

The proposals put forward in both reports aim to simplify the current complex transparency regime while trying to improve the transparency available and are taking into account the feedback received from market participants through consultations.

Saffery Champness Registered Fiduciaries launches new Cayman Islands offering

In addition, clients will benefit from seamless access to company incorporation and registered office services for Cayman entities, as well as any required administration.

Ogier's Private Wealth team "leading players in the Channel Islands"

Global Service Line Head of Private Wealth James Campbell, who advises individual and institutional clients on a wide range of trust matters, is "very pragmatic, sensible and a nice guy to deal with".

Carey Olsen's Elaine Gray named Guernsey Chamber of Commerce's first ever female president

Elaine, who is partner and head of the Carey Olsen Guernsey dispute resolution and litigation team, has served as vice president of the Guernsey Chamber of Commerce for the past year.

UBS, Swiss Re to partner on life insurance offering for mortgage clients

Reports suggest Iptiq is set to be carved out of Swiss Re’s life capital division next year and be placed into its own division reporting directly to CEO Christian Mumenthaler, a move that could underscore its strategic importance to the reinsurer.

Higgs & Johnson Lauded as Excellent Firm in Chambers High Net Worth

The firm received the highest ranking (Band 1) and was recognized as being‘one of the big boys on the trust side.’

UBS will no longer be able to contest client data sent to France tax authorities: Swiss court

The bank appealed against the decision, which was rejected by the Federal Administrative Court earlier this month.

Switzerland and Malta sign protocol of amendment to their double taxation agreement

The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment.

Calls for review of capital gains tax and the OBR estimates tax rise of £60bn per decade in the UK

The OBR has also suggested that there may be steep falls in CGT receipts over the next two years as property and other assets slump in value, applying further pressure on Sunak to increase tax rates to fill the gap.

Carey Olsen partners contribute Cayman, Guernsey and Jersey chapters to latest edition of International Estate Planning: A Reference Guide

It is also testament to our standing among offsore law firms in this practice area that Keith and I were chosen to provide both chapters for the Channel Islands and Bernadette was selected to do the same for the Cayman Islands.

Legal,Regulation,Tax & Compliance