Related briefings

Upcoming Cayman Islands economic substance reporting deadlines

“Relevant Entities”, namely Cayman Islands incorporated companies, limited liability companies, limited liability partnerships and foreign companies registered in the Cayman Islands should note that, subject to certain exemptions, if they are undertaking a “Relevant Activity” pursuant to the International Tax Co-operation (Economic Substance Act), or claimed to be “Tax Resident Overseas” (TRO), then they will be required to submit an annual Economic Substance return (ES Return), in respect of each Relevant Activity undertaken, detailing their compliance with the Act to the Tax Information Authority, or a TRO form, as applicable.

Changes to divorce rules highlight differences between England and Bermuda

Bermuda’s divorce laws have been in place for close to 50 years. While many other jurisdictions have adapted their laws to reflect changing attitudes to divorce, Bermudian legislation has remained unchanged. Divorce rules in England and Wales (which were initially very similar to Bermudian legislation) have undergone several changes in that time and will have undergone further by the end of next year.

Private Client & Trust Bulletin – Fall 2021

Welcome to the sixth edition of our Private Client Bulletin, bringing you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.

Latest Briefings

Greenwashing: Don’t get caught out – ThinkHouse

Environmental and sustainability claims have been high on the agenda for many businesses for some time now, and with the Competition and Markets Authority’s recent introduction of its Green Claims Code, it’s even more important that businesses get it right and avoid exaggerating their environmental credentials.

Snapshot: Supreme Court holds no attribution where director’s “secret” profits in issue

The United Kingdom’s Supreme Court has recently delivered helpful guidance on the principles to be applied when dealing with attribution of knowledge between a company and its wrongdoing directors; particularly in the context of breaches of duty by directors in exploiting corporate opportunities belonging to the company to receive secret profits.

Continued rise of energy performance of buildings requirements

In July 2021, the European Union (Energy Performance of Buildings) Regulations 2021 (the 2021 Regulations) were published, followed swiftly by government guidance on how to apply the 2021 Regulations (the Technical Guidance). The publication of the 2021 Regulations and accompanying Technical Guidance underscores the continued focus on improving the energy efficiency and sustainability of buildings performance (other than dwellings) and reducing greenhouse gas emissions by boosting renovation obligations.

Recommended

Withers chairmanship goes to NY partner as details of failed Speechly deal emerge

Withers chairman Anthony Indaimo is to stand down in July with the firm naming New York-based Ivan Sacks as his successor. The news comes just days after talks about a potential tie-up between Withers and Speechly Bircham broke down following partner votes at the two firms last week. Withers partners voted on the merger last […]

malta

Malta: An island apart

Malta does not want to be tarred with the same brush as Cyprus and is defending its credentials as an international business centre It is an island in the Mediterranean and a member of the EU known for attracting foreign investment and corporate structures, but Malta, as its lawyers, businessmen and politicians are at pains […]

Trowers & Hamlins hires tax chief from RadcliffesLeBrasseur

RadcliffesLeBrasseur tax and private client chief Simon Goldring is to join Trowers & Hamlins as head of private wealth. Goldring had been a partner at RadcliffesLeBrasseur since joining the firm 2008, prior to which he was a sole practitioner. In 2009 he became head of tax and private client. Trowers & Hamlins’ senior partner Jennie […]

Early disclosure of material documents in procurement disputes

Many procurement disputes centre on the procedure followed by those placing services out to tender. Proper disclosure of documentation about this process is therefore key to any challenge. We review a recent case that could assist in the early and efficient resolution of public procurement challenges. In the High Court case of Roche Diagnostics Ltd v The […]

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