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Latest Briefings

Cayman Islands Perpetuity Periods and the “Royal Lives” Clause

As Downton Abbey captivates audiences worldwide with its portrayal of British aristocracy, it may be timely to consider some old English concepts which have an enduring effect on contemporary trusts practice. The historical drama depicts the lives of the well-to-do Crawley family who reside at “Downton Abbey”, a fictional estate in the British countryside. While […]

Cayman Commits to Introducing a Public Beneficial Ownership Register

The Government of the Cayman Islands has announced its intention to introduce a public register of company beneficial ownership. In anticipation of public registers of beneficial ownership becoming the international standard, and at least implemented by the EU Member States by 2023, the necessary legislative changes are expected to be proposed in 2022. Links to […]

Ontario kicks automotive modernization program into gear

By André Rivest In September, Ontario’s Ministry of Economic Development, Job Creation and Trade announced the launch of the Ontario Automotive Modernization Program (O-AMP) — a $10-million initiative aimed at fostering innovation and efficiency in automotive supply chains. The three-year program is a major pillar of Ontario’s Driving Prosperity program, which was introduced in February with a view […]

Economic Substance Rules released for the British Virgin Islands

By Michael Killourhy, Simon Schilder, Ray Wearmouth In response to the requirements of the EU Code of Conduct Group (the Code of Conduct Group), from 1 January 2019 the British Virgin Islands implemented new legislation setting out economic substance requirements which would apply to certain British Virgin Islands entities in certain circumstances. The Economic Substance (Companies and […]

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Dutch justice minister touts Clementi-style legal review

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