December 11, 2019

MiFID 2: implications for BVI, Cayman Islands, Guernsey and Jersey (and other third country) firms

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9 October 2014 From Carey Olsen INTRODUCTION The Markets in Financial Instruments Directive (MiFID) is a European Union law that aims to harmonise the regulation of investment services across the member states of the European Economic Area and came into effect from 1 November 2007. Following the 2008 financial crisis, amendments to MiFID became the […]

Legal 500 UK heralds Carey Olsen as the number one Channel Islands legal adviser

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The new release of the Legal 500 UK, the leading industry report that grades law firms across the UK, has ranked Carey Olsen in tier one across all of its 16 practice categories in the Channel Islands, making it the only offshore law firm to have top tier status across the board. Released yesterday on […]

iNews Briefs

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Cayman Islands customs to inspect outgoing packages The Cayman Islands Customs will now be inspecting all packages being sent from the Cayman Islands to overseas using shipping agencies. The reason for this is help decrease the growing problem of stolen goods being shipped abroad. The new procedure will come into effect from October 1st but […]

Sure to acquire Jersey Data Centre and Cloud Services provider Foreshore

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Sure, the Channel Islands communications provider is pleased to announce that Sure (Jersey) Limited is set to acquire 100% of the shareholding in Foreshore, the pioneering data centre and cloud services provider. The acquisition is taking place for an undisclosed sum and is subject to local regulatory approval and pre-completion conditions. The acquisition of Foreshore […]

Offshore market focuses on technology as turnover rises

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By Joanne Harris from The Lawyer The offshore legal market had a solid 2013, with several firms reporting double-digit increases in turnover and a pronounced pick-up in activity levels. Research conducted for The Lawyer’s annual survey of the 30 biggest offshore firms shows that the overall number of lawyers working in the offshore legal market […]

Butterfield receives three Citywealth Financial Centre awards

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By James Qualtrough  From Guernsey isle News Butterfield (comprising Bermuda-based The Bank of N.T. Butterfield & Son Limited and its international subsidiaries) has received three Financial Centre Awards from Citywealth, the UK-based publisher of wealth-management industry news and directories. Butterfield was named Private Bank of the Year – Caribbean, Trust Company of the Year – […]

iNews Briefs

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Former Tempura boss files criminal complaint Martin Bridger, the former senior investigator in Operation Tempura has filed a criminal complaint with Cayman Islands Police Commissioner David Baines against Attorney General Samuel Bulgin, former Governor Stuart Jack and the U.K.’s Foreign and Commonwealth Office adviser Larry Covington in relation to the infamous and costly investigation into […]