Related briefings

CIMA announces private funds filing extension

The Cayman Islands Monetary Authority (CIMA) recently announced that the deadline for filing audited accounts and the requisite Annual Return Form in accordance with the Private Funds (Annual Returns) Regulations, 2021 has been extended to 30 September 2021.

Hard deadline for filing 2019 economic substance return upcoming on 30 April 2021

By Charlotte Cloete, Alan Dickson and Philippa Gilkes Relevant entities carrying on all types of relevant activity (except for those carrying on intellectual property business) under the International Tax Co-operation (Economic Substance) Act (2021 Revision) (“ES Act”) with a financial year end between 31 December 2019 – 30 April 2020, must file an economic substance […]

Bermuda – Economic Substance Declaration Filings – Update

The Economic Substance Act 2018 requires Bermuda-based entities that are carrying on a “relevant activity” in a relevant financial period and entities claiming “non-resident entity” status under the Act to file an Economic Substance Declaration Form with the Bermuda Registrar of Companies.

The DITC issues timely compliance reminders

The Cayman Islands Department for International Tax Cooperation (DITC) recently issued reminders to industry of compliance obligations in accordance with Common Reporting Standard (CRS) requirements and for the purposes of foreign account tax compliance (FATCA).

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Clifford Chance reports increase in cash from £103m to £110m

Clifford Chance has reported a 6.8 per cent increase in its cash reserves for 2013/14, with cash at the bank and in hand rising to £110m from £103m according to the firm’s LLP accounts. The increase comes on the back of a strong year for the firm, which confirmed a turnover of £1.359m, up 6.9 […]

Significant hire for Eversheds in Hungary

The Budapest office of law firm Eversheds has appointed Richárd Eördögh as a partner and head of strategy. Before joining Eversheds, Eördögh was chief legal counsel of Chayton Capital and its private equity real estate funds in London, and managing partner of the Hungarian office of Bird & Bird in Budapest.

Wragges acts for LaSalle in exchange of contracts with Derwent London

Derwent London plc has exchanged contracts with LaSalle Investment Management, the global real estate investment manager, to acquire a minimum 175-year long leasehold of 20 Farringdon Road, Clerkenwell EC1 in London’s Tech Belt. LaSalle will retain the building’s virtual freehold with the right to receive 10 per cent of all rents. In return, Derwent London […]

No5 Chambers member speaking on financial instruments in Frankfurt

No5 Chambers’ Paul Marshall, a member of No5 Chambers’ commercial group, is to speak in Frankfurt about the mis-selling of financial instruments. The conference is held jointly by the International Committee of the Bar Council of England and Wales and the Deutscher Anwaltverein with its Arbeitsgemeinschaft Bank- und Kapitalmarktrecht on Thursday, 19 February. Paul Marshall will be […]

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