Managers of Wealth

Going Private Transactions During Covid-19 by Appleby

The Courts in all of the jurisdictions above have proactively moved towards virtual hearings to facilitate the continued conduct of Court business.

Millionaire Monaco-based Matalan founder sues PwC over tax liability

This alleged non-residence led Hargreaves to claim he was not liable to capital gains tax on a gain of £200 million arising on the disposal of Matalan shares during its time as a public company.

CI Financial buys remaining stake in WealthBar

The 25% minority stake purchased by CI had been held by WealthBar executives.

COVID-19 – Global Implications for Anti-Money Laundering and Counter-Terrorist Financing

With criminals trying to take advantage of pandemic fears, regulators and national governments have warned against an increase in criminal scams and laundering opportunities often associated with crises like the current pandemic.

The Impact of Foreign Investment Control on Cross-Border Transactions: Charting a Course in Uncertain Times

While some Western countries – in particular the United States and Australia – have had strong foreign investment control regimes in place for many years, new regimes have proliferated in the last five to 10 years, particularly in Europe.

Credit Suisse targets Luckin ex-billionaire's family assetsLenders led by Credit Suisse

Banks that participated in the loan facility to Lu’s investment vehicle have signaled they plan to sell Luckin shares pledged as collateral, though its unclear whether they’ve started offloading the stock or how much money they’ll be abl

The world’s dirty money by the numbers

Regulations are in place — but 99 percent of criminal proceeds still escape control in the EU.

The situs of cryptocurrencies: an answer, but for how long?

Cryptocurrencies also pose challenges to HMRC

Asset Protection

Jersey and Guernsey trusts are an essential part of the toolkit

Banks target Luckin Coffee ex-billionaire's family assets to recoup $709m in losses

Lu said in a statement on Wednesday that he's "deeply disappointed" Nasdaq is moving to delist the shares before Luckin releases final results of an internal probe into its accounting.

Is a wealth tax on the cards to fund UK covid-19 recovery?

As 72% of MPs agree taxes should increase to fund public services

Raiffeisen scandal: Trial against Pierin Vincenz is getting closer

Both are suspected of misconduct in connection with company acquisitions.

Carey Olsen and Slaughter and May advise the States of Jersey on financing its response to COVID-19

The States of Jersey appointed Carey Olsen and Slaughter and May to advise on the RCF.

Probate and estate planning administration for non-Guernsey domiciliaries

The Guernsey Ecclesiastical Court issues a Grant of Probate if the deceased left a Will or a Grant of Administration if they died intestate.

EU Commission launch of AML/CFT action plan

The Commission intends to deliver on all these actions by early 2021.

FINRA Pledges to Avoid Playing 'Gotcha' with Reg BI Enforcement

Initially, most enforcement actions will pertain to infractions the agency would have pursued under the suitability standards regardless, according to FINRA's head of enforcement.

Coronavirus: UK Future Fund scheme – Final details announced

The terms of the scheme are broadly in line with the initial headline terms that were announced last month

Government considering 'air bridges' to countries with similar Covid-19 infection rate

He also confirmed that the quarantine measures would come into place in June, not at the end of May as Johnson had said.

EU, Caribbean Nations at Loggerheads Over Money Laundering Blacklist

The EU blacklist uses the FATF monitoring list as a starting point and serves as a way to hold the included countries accountable since the FATF has no enforcement ability of its own.

English Court ruling demonstrates Unexplained Wealth Orders shouldn’t be taken on face value.

Update prepared by Christopher Edwards (Partner, Guernsey) and Jeremy Bell-Connell (Associate, Guernsey)

Legal,Regulation,Tax & Compliance