Offshore economic substance requirements – new implications

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Related briefings

Coronavirus: Performing under pressure

By Jonathon Milne During these difficult times, as the COVID-19 outbreak continues to disrupt our daily lives, health and safety is paramount. However, as travel bans are implemented, quarantines are enforced and restrictions are placed on the flow of goods, the global supply chain and commerce in general will be put under immense pressure. The […]

COVID-19 and the Cayman Islands’ insurance sector

By Alex Potts QC COVID-19 is likely to present unprecedented challenges for the insurance industry, across all Iines of business, both domestic and international. Between the increasing number of confirmed infections worldwide, and the steps being taken in response by Governments and the private sector, COVID-19 has the potential to give rise to very significant […]

The new BVI Private Investment Funds regime

By Robert J.D. Briant, Anton Goldstein The British Virgin Islands (BVI) has introduced a new regulatory regime for the recognition of private investment funds. Under the new regime, closed-ended funds, including private equity and venture capital funds, which were previously not regulated in the BVI, will have to be recognised by the Financial Services Commission […]

Bermuda amends National Pension Scheme – Update #2

Following our alert of January 2020, providing an update about the amendments to the National Pension Scheme, there is a further update, delaying the relevant sections of the National Pension Scheme (Occupational Pensions) Amendment Act 2019 (“the NPS Amendment Act”) which would otherwise require non-Bermudian employees (unless exempted) to be enrolled in a registered plan.

Latest Briefings

Inadvertent e-mail contracts

Commercial Dispute Resolution specialist, Senior Associate Kathryn Vickers, reports on Athena v Superdrug [1], the latest case to highlight the risks of doing business informally over e-mail, and offers good practice advice for businesses.

Coronavirus and commercial leases: What landlords and tenants need to know

As the UK begins to tackle the challenges caused by the spread of Coronavirus/COVID-19, Walker Morris has received a number of enquiries from landlord and tenant clients as to how this may affect their property arrangements and obligations. It is now clear the outbreak will significantly disrupt the market. We have already seen the challenges […]

Austria: Coronavirus and taxes

Due to the measures taken by the Austrian government in connection with the outbreak of the corona virus which has now affected Austria (e.g. home quarantine, cancellation of events, closure of shops/restaurants), liquidity shortages and payment difficulties for businesses seem more likely. Accordingly, the Austrian Ministry of Finance has taken the following measures: Taxpayers who […]

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Making history at the Supreme Court all started with a small Edinburgh law firm

Balfour & Manson chairman Elaine Motion, who led on proceedings heard in the Scottish courts, has said this morning’s verdict over Boris Johnson’s decision to prorogue Parliament marks “the day that democracy was restored”. Elaine Motion led the team that acted for Joanna Cherry and a cross-party group of MPs, instructing Aidan O’Neill QC of […]

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Clydes shrinks in Scotland as 12-strong group switches firms

Clyde & Co has parted ways with its residential property team in Aberdeen, with the team of 12 set to transfer all of its business over to another Scottish firm. The firm has sold its legacy Simpson & Marwick Aberdeen estate agency team to Ledingham Chalmers and this transfer will be completed on November 4. […]

Colonial? A unified global firm that respects its partners is far from that

Greenberg Traurig executive chairman Richard Rosenbaum responds to Dentons’ Joe Andrew’s opinion piece published last week. The recent opinion piece strongly touting the verein model as the only obvious answer and disparaging other methods of global law firm growth as “colonial” brought to mind a saying I was taught early on in my career: “The […]

Gibson Dunn bulks up in regulatory with Macfarlanes partner hire

Gibson Dunn & Crutcher has hired a financial services regulatory partner from Macfarlanes, marking its first lateral partner hire in London for nearly two years.  The US firm has hired Michelle Kirschner, who has been at Macfarlanes since 2012, and was previously an associate at Linklaters for nine years. Focused on non-contentious financial services regulation, […]

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Register now to The Lawyer to access our latest news stories, read selected briefings from key firms and gain essential careers insight to help you make the most of your current and future roles.

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