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The number of new offshore companies registered in the first half of 2013 increased in most jurisdictions when compared to the second half of 2012.
Appleby has released the third edition of On the Register, a report that provides insight about company incorporation activity going on in the major offshore jurisdictions around the globe.
This brief provides a condensed summary of the key changes brought about by the Incentives for Job Makers Act 2013.
The Bribery Act 2013 came into force on 16 December 2013 and it is largely based on the Bribery Act 2010, which came into force on 1 July 2011.
Appleby has acted as Cayman Islands counsel to Yi Hua Department Store Holdings in connection with its listing on the Main Board of the Hong Kong Stock Exchange.
Appleby has acted as Cayman counsel for Times Property Holdings in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 11 December 2013.
In the third quarter of 2013, there were 538 deals announced offshore, with a combined value of $34.5bn.
In its changes to the Human Rights Act 1981, Bermuda’s parliament has added sexual orientation to the list of defined characteristics protected from unlawful discrimination.
Appleby has acted as Cayman Islands counsel for U Banquet Holding in relation to its listing on the Growth Enterprise Market of the Hong Kong Stock Exchange.
Appleby acted as Cayman Islands counsel to Dongpeng Holdings Company Limited in connection with its listing on the main board of the Hong Kong Stock Exchange.
Appleby has acted as Isle of Man counsel to private equity firm Vitruvian Partners in relation to its agreement to provide funding to support a management-led buyout of Royal London 360°.
Appleby has acted as Bermuda counsel for Willas-Array Electronics (Holdings) in relation to its listing on the Main Board of the Hong Kong Stock Exchange.
Appleby has acted as Cayman counsel for Huaxi Holdings Company in relation to its listing on the Main Board of the Hong Kong Stock Exchange.
Appleby has acted as Cayman counsel for Eprint Group in relation to its listing on the Main Board of the Hong Kong Stock Exchange.
Appleby has acted as BVI counsel to Dalian Wanda Commercial Properties in relation to the listing of US$600m (£367m) 4.875 per cent guaranteed bonds due 2018.
The law in Jersey relating to the consequences of receiving a bribe has recently been clarified.
FATCA’s implementation is now on a tight timeline, and there are steps that must be taken by each CLO Issuer and its Board of Directors in short order.
The decision of the Supreme Court in London in the divorce proceedings of Prest v Petrodel Resources Ltd and Others was awaited with eager anticipation.
Unlike any of the other jurisdictions in which Appleby operates, the BVI is unique in having implemented, but not brought into force, the UNCITRAL Model Law.
It is a frequent and necessary function of the law to create a balance between competing and conflicting desirable aims.