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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Milbank becomes latest international firm to open Seoul office

US firm Milbank Tweed Hadley & McCloy has announced it is opening a Foreign Legal Consultant Office in Seoul, Korea. The new office will be headed by Milbank partner Young Joon Kim, a Korean native who started his career with the firm in New York and for the past decade has been based in its […]

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High Court dismisses $3.7m claim against Mishcon over allegations of dishonest assistance

The High Court has dismissed a $3.7m claim against Mishcon de Reya over an embezzlement scandal involving former partner Kevin Steele. Mishcon stood accused of dishonestly assisting a client who spent money meant to refinance a hotel resort in Orlando on cars and jewellery. Had the case been successful, the claimants had planned to sue Mishcon […]

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Mayer Brown hires DLA Piper’s structured trade head to boost London practice

Mayer Brown has hired DLA Piper’s structured trade head Alex Dell to join the firm’s banking and finance group and increase its cross-border asset-based lending capabilities. In his new role at Mayer Brown, Dell will join the 50-strong banking practice based in London and will interact with the firm’s other finance teams in New York and […]

UK construction jobs boom needs talent and long-term government plans, says Eversheds

Michael Conroy-Harris, construction expert at Eversheds, has commented on figures on the promise of a UK construction jobs boom. Conroy-Harris said: ‘It’s incredibly encouraging news that the recovery in UK construction is being predicted as strong enough to need 200,000 more workers (an increase of nearly 10 per cent) in the next five years. ‘The reality, […]

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Charles Russell Speechlys tie-up impacts Aim rankings as Pinsents dominates

Pinsent Masons has retained pole position in the Aim client rankings, despite increasing competition from firms including Charles Russell Speechlys and Wragge Lawrence Graham over the past quarter. According to the latest data by Adviser Rankings, Pinsent Masons increased its total yield of Aim-listed clients from 60 to 61, while its closest rival Carey Olsen […]

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