Managers of Wealth

Ireland | PD3 – Practical Insights

In our experience, the above risk factors may be challenged as to whether they are statements of fact rather than actual material risk factors directly related to the transaction in hand.

Process for listing debt securities on the Official List of The International Stock Exchange

This note includes information relating to the listing process and listing documentation requirements of The International Stock Exchange Authority Limited (the "Authority").

CJEU on data protection: Privacy Shield is dead; standard contractual clauses valid (with conditions)

In its judgment, the CJEU declared that the EU-US Privacy Shield (Privacy Shield), a mechanism used to legitimise of data from the EU to the US, is invalid.

A Seismic Shift to Certainty: “Substratum” and the Proper Construction of Trust Deeds

The decision will be of particular interest to trustees in the common law jurisdiction, having reaffirmed the test to be applied when determining the validity of a trustee’s purported exercise of a power.

Juan Carlos: former Spanish king may be tried for money laundering

Juan Carlos flew to the South Pacific island for a nine-day stay in January 2016.

A Fishy Business: Shifting Profits Out of Africa

An analysis of the leaked files by Finance Uncovered, as well as public documents and the company’s financial statements, suggest Samherji used various techniques to reduce taxes in Namibia by shifting money to low-tax destinations like Cyprus and M

New Rules Around the Disclosure of Beneficial Ownership in Jersey: What You Need to Know

Of particular note the Law will apply to Foundations, which currently fall outside the scope of the Control of Borrowing (Jersey) Order 1958 (COBO).

Zurich Prosecutors Probing Second Complaint About Ex-Baer CEO

“This is a third party matter, which we cannot comment on,” a spokeswoman for Julius Baer said. A spokesman for Collardi did not immediately return a call seeking comment. Pictet & Cie., where Collardi is now co-head of wealth management,

UBS to Pay $10 Million for Violating Rules

The SEC previously brought charges of municipal bond offering “flipping” and retail order period abuses in August 2018, in December 2018, in September 2019, and in April 2020.

Private jets, fast cars leave investors facing $100m wipeout

The empire of Michael Gu, a 32-year-old former mobile phone salesman, has collapsed as investors question his high-octane lifestyle.

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.

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