Managers of Wealth

What the 'no-fault' divorce bill entails

The Divorce, Dissolution and Separation Bill (commonly referred as the no-fault divorce bill) has passed its third reading in the House of Commons and will next be considered by the House of Lords.

LIBOR - When the going gets tough, the tough legacy contracts get going

These considerations provide useful guidance to market participants in assessing the nature of their exposure to tough legacy contracts

Covid-19: FCA updates submission deadlines for regulatory returns

Given the impact of coronavirus (Covid-19), we have introduced some temporary measures for firms submitting regulatory returns.

China unveils cross-border wealth management scheme with Hong Kong, Macau

The announcement comes as China seeks to impose a new national security law on Hong Kong, and only two days before the 23rd anniversary of the territory’s return to Chinese rule.

Offshore Business Update: Bermuda

Bermuda has begun to gradually re-open the Island.

Switzerland to become a leading location for sustainable financial services

In view also of the global challenges, further efforts must be made to safeguard and further expand the interests and competitiveness of the Swiss financial centre internationally.

Ogier advises Brooks Macdonald on acquisition of Channel Islands wealth management and funds business of Lloyds Bank International

The cross-border Ogier team was led by Jersey-based partners Matthew Shaxson and Niamh Lalor

Offshore private fund laws and family office structures

Offshore holding companies forming part of a private wealth structure have typically been unregulated.

Carey Olsen advises on sale of Lloyds Bank International's Channel Islands wealth management and funds business

The business has total funds under management of £1.0 billion (as of 31 May 2020). T

Update on Cayman Islands Private Funds Law and Regulation

The rules recognise that certain private funds do not prepare marketing materials, and do not require them to do so.

Paris art experts arrested over looted antiquities

It comes amid claims that Paris is an international centre for trade in illegal artefacts.

Clients of jailed ‘playboy’ adviser sue Tavistock

Chief executive Brian Raven said the firm is facing ‘no further’ FOS complaints, but two former clients are currently taking legal action.

Ultra-Rich Monaco Wants to Fund Social Impact Projects With Security Tokens

Given Monaco’s high concentration of wealth (one in every three people is a millionaire and the place attracts hundreds of billionaires), it’s surprising it doesn’t have much of a financial center – like the comparably small Lichte

The demise of IBOR: key considerations to prepare for the phase out

A number of bank issuers have already started to make the proactive step to transferring their older legacy deals that will cross over into 2021 to alternative rates.

Three key considerations for tax and legal leaders

They are at the forefront of crafting essential strategies to maintain a positive cash flow, drive the implementation of government relief measures

Four Brothers Fight Over Letter Dividing $11.2 Billion Fortune

Siblings’ dispute revolves around ownership of Hinduja Bank

The future of Ireland’s funds industry post COVID-19

Opportunities lie in four key areas: funds industry service provision, technology, portfolio and risk management, and fund governance.

Black Swan may yet prove to be a phoenix rising from the ashes

This decision is significant as for the past 10 years the courts of the British Virgin Islands have regularly granted freezing orders under the so-called Black Swan jurisdiction

Warranty Claims: On Time, But too Late?

That explains the due diligence that is usually conducted by buyers, where the buyer and its advisors scrutinise the target company and its assets and liabilities in rigorous detail.

Migration of Non-Jersey Limited Partnerships into Jersey: New Regulations

Update prepared by Felicia de Laat (LP Partner, Jersey), Tim Morgan (Partner, Jersey) and Ben Robins (Partner, Jersey).

Legal,Regulation,Tax & Compliance