Managers of Wealth

Corporate Crime update - December 2019

The SFO has published a speech by Sara Lawson QC

Credit Suisse Blocks Prosecutor Using Critical Finma Report

Finma scolded Credit Suisse in a September 2018 report for numerous “deficiencies” in its money-laundering detection efforts

BMA Forms View on Cannabis Related Risk

In the conduct of its business, the BMA-supervised licensed entity must continue to adhere to Bermuda’s legal and regulatory requirements as set forth by the BMA and other regulators.

Mourant tops the offshore rankings in global Powerwomen list

Mourant is in the running for 'Best Employer – Career Progression', as well as an impressive six individual awards

Key 'Take-Aways' from the Clifford Chance & Mourant Global Funds Conference 2019

Update prepared by Christopher Levers (Counsel, Cayman Islands) and Gemma Cowan (Senior Associate, Cayman Islands)

Julius Baer books $153 million charge in East German assets case

Zurich Court of Appeal has reassessed the case

Recent legal trends in Dispute Resolution in the Cayman Islands

Finally, this year we have seen a rise in demand for lawyers to give expert evidence in foreign proceedings or arbitrations on a variety on Cayman trust-law issues.

Bermuda Offers Safe Haven for Shipping Companies from Winds of Change

These changes, along with changes that permit competitive fee pricing for shipping groups that register multiple vessels and/or use a Bermuda-incorporated vessel owning entity and have a principal place of business in Bermuda, make Bermuda a more attracti

Offshore fund investors warned to check tax reporting

With two months to go before the 2018/19 self assessment tax return submission deadline, offshore fund investors need to check their tax reporting, before HMRC does, to avoid penalties

Greece woos the wealthy with plan for ‘non-dom’ tax breaks

Shipowners and entrepreneurs courted with incentives in Athens’ effort to revive economy

Revised Draft Guidance On Economic Substance In Th Cayman Island

While remaining a work in progress, the revised guidance provides detailed and helpful sector specific commentary including illustrative examples with respect to typical scenarios.

Securities Investment Business in the Cayman Islands

We recommend that our clients seek legal advice in the Cayman Islands on their specific proposals before taking steps to implement them.

'Honeymoon period' as firms escape fines for MiFID II reporting failures

FCA pragmatism 'will not last forever'

Why Nuptial Agreements are Essential in the Wealth Protection Toolkit

In Radmacher, the Supreme Court held that the court should give effect to any nuptial agreement—pre or post—freely entered into with a full appreciation of the implications unless in the circumstances prevailing it would not be fair to hold pa

Global web of firms for fraudsters created by British company Formations House

The documents show that the “formation agent” has repeatedly failed to carry out proper due diligence on clients and has set up companies for known fraudsters and organised criminals.

GAM Holding AG: Response to sanction proposal of SIX Exchange Regulation AG

This accounting matter relates to GAM Holding AG’s consolidated financial statements and does not relate to any of GAM’s investment funds, nor to any of its clients.

Court ruling in BSI legacy case

EFG's financial results will not be impacted by this decision.

International alliance embarks on legal impact review

The research is backed by the PRI, the UNEP FI, the Generation Foundation and law firm Freshfields Bruckhaus Deringer

English Court of Appeal endorses High Court approach to determining interest rate applicable to equitable compensation payment arising out of breach of fiduciary duty

This decision is therefore a useful reminder of those principles and a good illustration of how they can work in practice

FinSA, FinIA, FinSO, FinIO IAMs And Trustees Finally Authorized By FINMA

One of the major changes brought about by these laws concerns independent asset managers and trustees, which will now have to be authorized by FINMA

Legal,Regulation,Tax & Compliance