Managers of Wealth

Migrating to Guernsey: A jurisdiction of quality and substance

Migrations are usually from familiar offshore jurisdictions.

Important Bermuda decision concerning confirmation of actions of invalidly appointed trustees

The Chief Justice granted the orders sought and in doing so accepted that the court had an inherent jurisdiction to intervene in the administration of a trust to approve certain acts which were in fact an effective departure from the trust.

Rich and famous face £500m bill over tax avoidance film scheme

Ingenious Media, a financing company that funded more than 60 films including Avatar and Brooklyn, was accused of persuading David Beckham, Guy Ritchie, Sacha Baron Cohen and others to put money into an investment scheme that used artificial losses to gen

Corbett le Quesne shortlisted in two Citywealth IFC Awards categories

We are especially excited to be nominated in the Boutique Law Firm category

UK and Switzerland reach ‘no-deal’ Brexit labour agreement

Means business as usual for financial services firms in both countries

Series of nominations for Carey Olsen at Citywealth IFC Awards 2020

Now in their ninth year, the awards were established to highlight the excellence of the advisers and managers in the private wealth sector

Carey Olsen on offshore shortlist of three for Chambers High Net Worth Awards 2019

The awards take place at the Underglobe in London on Thursday 3 October.

Tax Treaty Updates: New treaty protocols ratified by Senate - Deloitte

The new treaties/protocols address various topics, including withholding taxes on transactions between US and foreign companies, and taxation of both individual and corporate taxpayers to avoid double tax situations.

European Commission calls for better implementation of rules on money laundering and terrorist financing

Fight against money laundering and terrorist financing: Commission assesses risks and calls for better implementation of the rules

Legal Frontiers in Bermuda

It has become clear throughout the advancement of financial innovation in Asia that a sound legal and regulatory regime in which businesses can operate is key to success.

Switzerland abolishes bearer shares

The abolishment of bearer shares is all encompassing, and from the 1st January 2020, no Swiss company will be able to issue bearer shares – even if they are able to do so currently.

European Commission Calls for Tougher Action on Money Laundering

One of the four reports is intended to serve as a “post-mortem” analysis of suspected money laundering

Football added to EU money-laundering risk list

Freeports among concerns as Brussels admits weaknesses in fight against illegal flows

SEC Awards Half-Million Dollars to Overseas Whistleblower

Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.

CYPRUS: Financial Action Task Force Guidance on Risk-based Approach for Trust and Company Service Providers

The Guidance is aimed at TCSP practitioners, countries and their competent authorities

FCA 'Dear CEO' letter

The letter sets out the FCA's view of the key risks of harm that such firms pose to their customers

BCBS and IOSCO extension

The Basel Committee and IOSCO expect that covered entities will act diligently to comply with the requirements

Conyers provides information on theft of documents from former Mauritius office

Venture Law immediately engaged a third-party data security company and launched an investigation to determine the scope of the issue.

European banks, states have serious dirty-money shortcomings- EU Commission

The review also included lenders that have been shut because of money-laundering issues

These 10 billionaires have all gone broke or declared bankruptcy — read the wild stories of how they lost their fortunes

Some of these billionaires have returned to prominence and are just as rich as they once were.

Legal,Regulation,Tax & Compliance