08/27/2020
Mourant contributes to Chambers Global Private Wealth Guide
Our International Trusts & Private Client practice brings together contentious and non-contentious work in a genuine "one-firm" approach
Legal,Regulation,Tax & Compliance
08/26/2020
Ireland Update – Use of Electronic Signatures on Regulatory Documents and Forms
The Central Bank advised that it reserves the right to request a "wet ink" signature where the Central Bank deems it appropriate.
08/26/2020
Federal Council adopts dispatches on new double taxation agreement with Bahrain and amendments to DTA with Kuwait
The new DTA with Bahrain in the area of taxes on income and capital improves matters for cross-border investments.
08/26/2020
Bank employees association asks CS to freeze layoffs
In a statement, ASEB said the bank should pause layoffs at least until the end of the year.
08/26/2020
Switzerland looks to attract Alternative Investment Funds
It is expected that the bill will be presented to Switzerland’s parliament for discussion later this year and will not come into force before 2022.
08/26/2020
Update on the Cayman Islands' economic substance framework
This detailed guidance was welcomed by the industry as it has given greater certainty to those businesses whose operations were potentially in scope.
08/26/2020
Chyknell Hall: Sleepy hamlet wakes to royal scandal
Chyknell Hall near Bridgnorth has taken centre stage in the drama thanks to its prominent yet elusive resident
08/26/2020
Billionaire’s Malta assets under worldwide freezing order after Turkey coup arrest
Shipping mogul Mübariz Mansimov, arrested over Turkey coup and alleged Gulen links, has shipping empire based in tax-friendly Malta
08/25/2020
Ex-Chelsea manager fights to recoup €30m lost to ‘scam’
Italian financier claimed his investment scheme was backed by HSBC
08/25/2020
Belgian Tax Probe vs Credit Suisse Advances
Last year, HSBC's Swiss arm paid 300 million euros ($354 million) to settle a similar probe in Belgium.
08/25/2020
Offshore structure with online operations in Hong Kong in the digital age – walking a thin line?
Typically, the offshore entity carries on business by way of a fully automated system, while its Hong Kong affiliate provides technical support, such as upkeep and adjustment of its proprietary software, and is remunerated on a cost-plus basis.
08/25/2020
Withers is proud to help close the digital divide in New York City
Withers has partnered with the New York City Bar to help educate New Yorkers about this issue and urge the City to include and prioritize homeless shelters in its plan to expand broadband internet access for low-income New Yorkers.
08/25/2020
Blockchain moves from promise to reality
Deloitte's 2020 Global Blockchain Survey
08/25/2020
The Quiet Man in Stockholm Who Laundered China’s Oil Money for Iran
Unlike Zarrab, Nema has faced no charges for helping Iran evade sanctions.
08/25/2020
Carey Olsen a finalist for two STEP Private Client Awards
Carey Olsen has one of the largest trusts and private wealth teams in the offshore world
08/25/2020
COVID- 19 lockdown stays in Spain will count towards tax residency status in Spain
According to Spanish law, an individual will be considered tax resident in Spain if, amongst other criteria, they spend more than 183 days in Spain.
08/25/2020
Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents
Chinese citizens may apply for permanent residency or citizenship in foreign countries, but obtaining citizenship abroad generally means losing Chinese citizenship
08/25/2020
Migration of foreign limited partnerships into Jersey
This guide summarises the process for such a continuance
08/24/2020
Wolfram Kuoni: "Union Bank's problems were homemade"
A license withdrawal procedure was initiated against Union Bank in 2019.
08/24/2020
'Too late': AMP shareholders not satisfied with scalps
The high-profile exits followed "feedback expressed by some major shareholders" about the serious complaints made and company's handling of them, AMP said in a statement on Monday.