Managers of Wealth

Trustees and Legal Professional Privilege

The Royal Court of Guernsey has recently considered the principles that apply to the creation of privileged documents when advice is obtained by trustees of a trust.

More than 200 leading businesses urge UK Government to deliver clean, inclusive and resilient recovery plan

Efforts to rescue and repair the economy in response to the current crisis can and should be aligned with the UK's legislated target of net zero emissions by 2050 at the latest.’

Swiss Regulators Green Light Crypto Transactions for Local Bank

The official announcement represents an important step in creating a blockchain-friendly environment across the EU banking sector.

Swiss accounts frozen in Vatican property deal probe

Vatican investigators are examining the Secretariat of State’s purchase of the building at 60 Sloane Avenue, London.

EU Commission consultation on Renewed Sustainable Finance Strategy

The Renewed Sustainable Finance Strategy aims to provide the policy tools to ensure the financial system genuinely supports the transition of the industry towards sustainability in a context of recovery.

Higher earners’ mull options as tax hikes and slashed perks loom

The government needs to urgently and sustainably boost the economy and protect jobs, so will not want to further burden businesses.

Luxembourg Issues Guidance On DAC6 Tax Scheme Reporting

Member states' tax authorities are also required to exchange data on tax planning arrangements on an automatic basis.

Offshore Business Update: Appleby

The purpose of this report is to help our clients better understand what “business as usual” in our jurisdictions* actually means.

CARES Act Increases Business Tax Incentives for Charitable Gifts

Changes apply to donations of cash and food inventory.

A clampdown on corporate tax avoidance is coming. Companies should embrace it

In the U.K., for instance, the forecasts already predict the national deficit could rise from 55 billion pounds to 337 billion pounds (around $67 billion to $410 billion) by the end of this year.

Appleby Advises Standard Chartered Trust (Guernsey) Limited on the Cessation of its Business in Guernsey

The winding up application formed the final phase of the Group’s cessation of business in Guernsey, announced in July 2016, as part of Standard Chartered Bank’s (SCB) centralisation of its trust and fiduciary services offering to Singapore.

Exit from Lockdown: Practical employment implications for CI businesses

As a central part of their preparations for lifting lockdown restrictions, businesses should focus on the views and concerns of their employees and speak to their staff about the options as well as any variations to contracts and policies.

Guernsey Mandatory Disclosure rules

The Law will impact arrangements or structures that it is ‘reasonable to conclude’ are either a ‘CRS avoidance arrangement’ or an ‘opaque offshore structure’ as defined in the Law (together the ‘reportable arrange

Carey Olsen and Aztec Group support €1.1bn Deutsche Beteiligungs Fund VIII

The Carey Olsen team, led by partner Tom Carey with support from senior associate Chris Hutley-Hurst and associate Felicity Wai, provided Guernsey legal, regulatory and tax advice to DBAG in respect of the formation, structuring and launch of Fund VIII.

Legal,Regulation,Tax & Compliance