November 22, 2019

New economic substance regimes in the BVI, Cayman, Guernsey and Jersey receive OECD support

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From Mourant 31 July 2019 The Organisation for Economic Co-operation and Development (OECD), has concluded a review of recent economic substance changes to the tax regimes and legislation in each of our jurisdictions of the BVI, Cayman, Guernsey and Jersey and has confirmed that the domestic legal frameworks in each jurisdiction are in line with […]

Crown Dependencies to improve beneficial ownership transparency

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From International Investment Jersey, Guernsey and the Isle of Man have announced they will voluntarily adopt public registers of the true owners of offshore companies incorporated in their jurisdictions. The beneficial ownership registers, which show the ultimate owner of a company, are currently only accessible by local authorities in the UK’s Crown Dependencies. Jersey, Guernsey and the […]

UK property register proposes to reveal Jersey company owners

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From International Investment Proposals for the first register of foreign-owned property aimed at preventing money laundering in Britain means that Jersey companies owning land in the UK will have to reveal their true owners to UK authorities. More than £90bn is estimated to be laundered illegally through the UK each year, according to the all-party […]

UK: Ministers face furious backlash after blocking attempts to impose financial transparency rules on Channel Islands

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By Jack Doyle From Daily Mail UK Government pulls Crown Dependencies finance transparency bill at last minute Would have forced business owners with more than 25 per cent stake in Channel Islands company to declare publicly ‘in bid to tackle corruption’   MPs led by former Tory minister Andrew Mitchell and Dame Margaret Hodge Ministers faced a […]

New £1 coin to be rolled out overseas

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From BBC British overseas territories and Crown dependencies will be able to design and mint their own version of the UK’s new £1 coin, the Treasury has announced. The 12-sided coin was billed as “the most secure coin in the world” when it was introduced in 2017. Its original designs featured the Northern Irish shamrock, […]

Cayman Islands’ Solomon Harris merger with Bedell Cristin completes

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The partners of Solomon Harris successfully completed their merger with globally recognised offshore law firm, Bedell Cristin, on 12 October 2018. First announced in July, the merger enables Solomon Harris to expand its reach into other international markets including the Middle East and the Far East, where Cayman legal structures are particularly popular. It also […]

Offshore deals down 10% in the first half of the year [Cayman Islands #1]

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By: Pedro Goncalves From International Investment Offshore deals down 10% in the first half of the year The Cayman Islands saw more mergers and acquisition transactions than any other offshore jurisdiction in the first half of 2018 as Jersey took the number one spot in terms of total value, according to a report. A total […]

Maples and Calder in Jersey becomes TISE Listing Member

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Maples and Calder in Jersey has been admitted as a Listing Member of The International Stock Exchange (TISE). Last week the firm launched its new legal service offering from Jersey and now Maples Listing Services (CI) Limited has been approved to arrange and sponsor the listing of all types of securities on TISE. Fiona Le […]

Cayman Islands: Maples and Calder hosts two in-house blood drives

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George Town, Grand Cayman | Following the success of the first ever mobile blood drive conducted by the Health Services Authority (HSA) earlier this year, Maples and Calder was pleased to partner with the Cayman Islands Blood Bank to host two in-house mobile blood drives for their employees during the month of August. On 16 […]

Walkers’ promotions highlight growth of global firm

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Grand Cayman, September 2018 Leading international law firm, Walkers, is pleased to announce that 8 attorneys across its global offices have been invited to join the partnership. In addition, 18 associates have been promoted to senior counsel, or local equivalent, highlighting the continued growth of the firm over the past year. In total, there were […]