04/26/2020
The impact of the global lockdown on corporate debt restructuring and trustees
Trustees would need to have suitable indemnities and legal counsel opinions in order to get comfortable with the meeting.
04/26/2020
Trustees would need to have suitable indemnities and legal counsel opinions in order to get comfortable with the meeting.
04/24/2020
At the beginning of 2020, the office introduced a new online systemexternal link for submitting reports.
04/24/2020
Citizenship sale schemes posed money-laundering and corruption risks
04/24/2020
HMRC allowed relief to all taxpayers affected by coronavirus but not those with assets abroad
04/24/2020
The duties of a director of a Bermuda company apply equally to all directors howsoever appointed.
04/24/2020
The director remains under an ongoing duty to supervise the performance of the delegated power
04/24/2020
We have summarised the key updates below which Cayman Financial Institutions (Cayman FIs) need to be aware of
04/24/2020
In early April 2020, the OECD released their guidance (PDF 327 KB) on how certain issues dealt with under the model OECD tax treaty will be affected by COVID-19
04/23/2020
The deadline for beneficial ownership filings has been further extended to 15 May 2020
04/23/2020
To determine whether a trust is or is not insolvent, the cash-flow test applies, namely the inability of the trustee to meet its debts as trustee as they fall due out of the trust property.
04/23/2020
It was a natural priority for us to focus on employee wellbeing, putting our team’s health at the centre of our response.
04/23/2020
Discussed below are some situations where existing law creates opportunities for foundations fighting COVID-19.
04/23/2020
US tax resident status brings with it taxation and reporting of worldwide income, as well as the risk of a potential US tax bill for (otherwise non-US) employer earnings or for foreign, non-US companies controlled by these potential “accidental&
04/23/2020
CySEC sets out the parameters in which regulated entities are permitted to make use of this exception.
04/23/2020
Once registered as a private fund, the operator of the fund must certify to the BMA annually that the fund continues to satisfy the qualifying criteria (participants less than 20).
04/23/2020
Compliance is a chain of responsibilities.
04/22/2020
Financial services firms are working remotely and there has been no business interruption, with the island's internet infrastructure seemingly able to cope with the different way of working.
04/22/2020
Capital markets and structured finance encompass a variety of asset types that have already been directly affected by the outbreak.
04/22/2020
The banks are accused of inflating spreads between the prices where they bought and sold odd-lot bonds
04/22/2020
Every entity incorporated or registered in the Cayman Islands will be required to notify the Cayman Islands Tax Information Authority