Privy Council rules on Bermuda’s 60/40 rule. What are the implications for the Cayman Islands?

Sign in or register to continue reading.

Gain access to the latest news from The Lawyer.com, our jobs board, career insight and much more.

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.

Contact Us: if you have any questions regarding your subscription, call us on +44 (0)20 7292 3716 or email us at customerservices@thelawyer.com

Register now

Having problems?

Contact us on +44 (0)20 7292 3716 | email: customerservices@thelawyer.com

If you are looking for our Jobs site, please click here 

Related briefings

Principal changes in the revised AIC Code of Corporate Governance are relevant for boards of directors of Guernsey and Jersey companies

By Oliver Quarmby, Alexandra O’Grady The AIC Code is a framework of best practice in respect of the governance of investment companies published by the Association of Investment Companies (AIC). Founded in 1932, the AIC represents a broad range of closed-ended investment companies, incorporating investment trusts, offshore investment companies, real estate investment trusts and venture […]

Luxembourg financial sector launches online portal for Brexit notifications

By Rebecca Mace-Balebs On 2 August 2019, the Luxembourg Supervisory Authority of the Financial Sector (CSSF) published press release 19/41 in respect of the opening of its online portal, eDesk, for the purpose of mandatory notifications in the context of Brexit. In its previous press releases (19/33 and 19/34), the CSSF announced that: firms licensed […]

I am worried that a trustee has mismanaged my trust fund. What can I do?

By Oliver Passmore Trustees are appointed to safeguard funds in a trust, and are duty-bound to act in the best interests of the beneficiaries. While most trustees will carry out their duties conscientiously, occasionally there is mismanagement. There are a number of ways in which a trustee can mismanage a trust fund. This can include: […]

Luxembourg’s EU Anti-Tax Avoidance Directive 2

By William Jean-Baptiste, Eléonore Galleron On 8 August 2019, the Luxembourg Government submitted a draft law to the Parliament (the Draft Law) to implement the Council Directive (EU) 2017/952 of 29 May 2017 (ATAD 2 or the Directive) into Luxembourg domestic law. As a reminder, ATAD 2 constitutes an update of the Council Directive (EU) 2016/1164 of 12 July […]

Myth busting Jersey trusts and foundations

By Josephine Howe Some may think trusts and foundations are only used by very wealthy people or families, or that by putting assets into a trust or foundation in international finance centres (IFCs) like Jersey, then they are avoiding tax. Some claim offshore trusts and foundations are secretive, and they are used for criminal activity; […]

Latest Briefings

Ediscovery Buyer Guide 2019: A Framework for Selecting the Right Solution

Executive Summary The digital universe is growing at an exponential rate—expected to reach 44 trillion gigabytes by 2020—creating a big, expensive problem for litigators and internal investigators who aretasked with mining through increasingly massive troves of documents. Although there are many solutions for document review, conducting thorough vendor evaluations is a challenge. This paper is […]

THE IN-HOUSE LEGAL BUSINESS PARTNER

More with less Today’s in-house legal departments operate in an increasingly complex environment. It’s a juggling act to balance a range of challenging legal issues as well as greater strategical involvement with other parts of the business, with limited costs. Lack of transparency Another challenge is the potential threats that may occur unexpectedly. Since legal […]

Taylor Rose case study: managing complex cases with Laserform

Taylor Rose needed a system which could easily be adapted to meet the needs of some of their more complex cases without incurring heavy costs, and so switched to Laserform from Advanced. Charlotte Corbyn, solicitor at Taylor Rose explained: “The forms we were using just wasn’t practical for a firm like ours. One of the major […]

Right of first refusal clauses are now recognised by Bulgarian courts

By Diana Dimova, Nina Tsifudina The Bulgarian Supreme Court of Cassation (“Supreme Court”) has recently issued a decision (No.19, dated 8 August 2019, under commercial case No. 2511/2017) that recognises for the first time the concept of right of first refusal (“ROFR”) clauses. This decision opens the door for the enforcement of such clauses in Bulgaria. It […]

Serbia Signs the Singapore Convention

By Milan Lazic, Milica Savic On 7 August 2019, Serbia became one of the first 50 countries in the world to sign the United Nations Convention on International Settlement Agreements Resulting from Mediation – dubbed the Singapore convention. Much like the New York Convention on Convention on the Recognition and Enforcement of Foreign Arbitral Awards, the […]

Recommended

Firms need to do more for their diverse lawyers than simply widening access

The new online recruitment portal launched recently by Rare Recruitment in collaboration with several top City law firms is undoubtedly a welcome initiative as pressure continues to mount on the legal profession to do more on diversity and social mobility. Launched last month, Vantage builds on Rare’s existing contextual recruitment software and uses advanced analytical […]

Aeroplane taking off on a sunny day

Magic circle and US firms win roles on Thomas Cook rescue bid

Clifford Chance is among the firms advising as Chinese conglomerate Fosun confirms its proposed rescue bid for airline Thomas Cook. The deal would see investment company Fosun inject £750m into Thomas Cook as part of a proposed recapitalisation and separation of the group. Corporate partner Tim Lewis and finance partner David Towers led from Clifford Chance […]

Recruit legal talent

Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.

Find out more

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.

Contact Us: if you have any questions regarding your subscription, call us on +44 (0)20 7292 3716 or email us at customerservices@thelawyer.com

Register now

Having problems?

Contact us on +44 (0)20 7292 3716 | email: customerservices@thelawyer.com

If you are looking for our Jobs site, please click here