Bills to bring in significant amendments to the BVI’s trusts and probate legislation were gazetted on 12 March 2021. Below is a summary of the headline changes.
The article considers the range of vehicles available in the Cayman Islands for alternative investment fund (“AIF”) structures designed for financial institutions, pension funds, sovereign wealth funds, family offices and (U)HNWs (as opposed to retail investors), as well as the legal and regulatory considerations that may influence the structure of an AIF.
This advisory provides an overview of the Bermuda sanctions regime, gives an update on how the regime has been impacted by the United Kingdom’s recent exit from the European Union and outlines some practical steps that we would recommend taking to comply with the regime.
The BVI Business Companies Act, 2004 (as amended) (the “Act”) and its predecessor statute have long recognised that companies which incorporate in one jurisdiction may benefit from the flexibility of being able to migrate to another jurisdiction.
While the general principle that e-signing is as valid as wet-ink signing has been of great comfort to lawyers and their clients since the impact of Covid-19, there are certain aspects of Jersey and Guernsey legislation which could benefit from some updating.
In this article, Nicholas Kuria discusses some of the most glaringly misguided notions relating to the use of offshore jurisdictions, with a focus on the British Virgin Islands.
In the UK’s first ever ‘Tax Day’ on 23 March 2021, the government released more than 30 consultation documents relating to the future landscape of the UK tax regime. Whilst these documents scrutinised how taxes should be paid, opportunities for simplification and the potential of digitalisation, it was tackling non-compliance which was firmly in the spotlight once again. Tax & estate planning Partner, James Austen, gives his opinion on the proposed measures.
In recent weeks, news of the JES Global Capital fraud committed by fund manager Elliot Smerling has come to light. Unfortunately, we live in world where fraud, much like death and taxes, is inevitable.
HM Treasury publishes report of UK Listing Review, FCA issues fine for market manipulation and more March news.
Effective February 1st, 2021, the Home Construction Regulatory Authority began licensing and regulating builders and vendors as designated under the New Home Construction Licensing Act, 2017.
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McDermott Will & Emery has snagged a disputes partner from Paul Hastings, in its latest London hire this year. Simon Airey joins McDermott’s dispute resolution practice after just over three years at Paul Hastings. He joined the US firm in 2017 from DLA Piper. Airey is a corporate crime and investigations partner, who was brought […]
A total of eight lawyers have been promoted to partner at Stephenson Harwood this year. This includes a quartet in the City, with corporate claiming half of the London promotions. Carolyn Hall, a funds specialist, is understood to have trained at the firm, while Hewson advises on a range of outsourcing and data matters. She […]
A former employee of Starling Bank has brought claims of whistleblowing and discrimination against the group, with its general counsel also named as a respondent in the case. Gulnaz Raja, who was deputy secretary to Starling’s board from 2019 to 2020, is taking on the business in the Employment Tribunal a year after leaving. Court […]
Charles Russell Speechlys has finalised an approach to the reopening of its UK offices, as it eyes a wider repopulation in September. The UK firm will gradually reopen the premises during the summer as part of the first phase of the plan. In September, the firm will kick off a six-month pilot to try out […]
Hive Energy has appointed a CMS lawyer as its inaugural general counsel. Alex Lane joins the solar energy business after four years as an associate at CMS. As a property lawyer in the firm, he advised companies in the energy sector in relation to their acquisition of land rights for solar farms, wind farms and […]
White & Case has hired two partners from Shearman & Sterling, as it rebuilds its London ranks following a recent steady flow of defections. The US firm has taken on partners Tim Sheddick and Katie Hicks, who have spent little more than two years at Shearman. Sheddick is a partner in the project development and […]
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