Offshore

Latest news and analysis about offshore law firms

News

The Lawyer Awards

The 60 second interview: Carey Olsen on winning at The Lawyer Awards

Ahead of The Lawyer Awards 2018 in association with Travelers, Carey Olsen managing partner Alex Ohlsson talks to The Lawyer about the impact of winning the Offshore Firm of the Year award last year. In a short paragraph can you tell us a bit more about the initiatives that led you to enter and consequently […]

Analysis

cayman beach offshore

Revealed: The Offshore Top 30 2017

This year’s Offshore Top 30 shows the ­calibre of a market that has weathered tough reputational issues (such as the Panama Papers) as well as heightened investor concern over seismic changes in international business. 

The Lawyer Awards 2016: offshore winners

OFFSHORE FIRM OF THE YEAR: HARNEYS Harneys wins its first Offshore Firm of the Year title in 2016 for consistent and impressive growth around the world while retaining a significant presence in its headquarters in the British Virgin Islands (BVI). Judges praised the way Harneys “stays hungry” for growth. In the past two years Harneys […]

Featured Briefings

Channel Islands funds quarterly legal and regulatory update: Q4 2018

Jersey Developments Value of regulated funds in Jersey hits record high Figures released by the Jersey Financial Services Commission (JFSC) for Q3/2018 and reported by Jersey Finance, showed that the net asset value of regulated funds under administration in Jersey grew 14% year-on-year to stand at £301.7bn. Ogier’s commentary on this very encouraging news can […]

Coming to America: Jersey approves US-style LLCs

Jersey’s decision to allow the creation of limited liability companies (LLCs) will allow the island to attract more US-based clients and offer more flexibility than the current partnership status based on English law. Here, partner James Willmott and associate David Patterson examine the options. In a move aimed at catering to Jersey’s growing pan-Atlantic business, […]

Jersey – Practical Guide to Property Law

Jersey is the largest of the Channel Islands and is a self-governing British Crown Dependency with its own financial and legal systems and its own courts of law. Jersey property law is derived from a mixture of local statute and customary (common) law. Jersey’s customary law has evolved from Norman-French law and is primarily contained […]

Changes to Guernsey’s corporate tax residence rules

Guernsey’s rules on corporate tax residence changed at the beginning of 2019 following amendments to its existing tax law brought into effect by a combination of the Income Tax (Guernsey) (Amendment) (No 2) Ordinance 2018, the Income Tax (Substance Requirements) (Implementation) Regulations, 2018 and the Income Tax (Substance Requirements) (Implementation) (Amendment) Regulations, 2018, all passed […]

Time to seek advice over substance

With effect from 1 January 2019 and, in order to address the concerns of the EU Code of Conduct Group, new legislation requiring certain entities to demonstrate economic substance in the jurisdictions in which they are tax resident has come into force in the BVI, Cayman Islands, Guernsey and Jersey. Detailed guidance notes in each […]

New substance legislation for the British Virgin Islands

By Laura Malpass In response to the requirements of the EU Code of Conduct Group, the British Virgin Islands has enacted new legislation setting out an economic substance test for tax-resident entities. The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) came into force on 1 January 2019 and applies to all companies […]

Time for Islanders to use new law to record wishes about assets and care

By Simon Lofthouse January is the traditional time of year for writing or updating your will, but Islanders should also consider a Lasting Power of Attorney (LPA) to record their wishes about their assets and personal care should they lose mental capacity. That’s the view of lawyer Simon Lofthouse from Ogier’s Jersey Private Client & Trusts […]

New EU securitisation framework applicable from 1 January 2019

By Laurent Thailly, Fiona Schneider The long-awaited Securitisation Regulation (EU) No 2017/2402 of the European Parliament and of the Council of 12 December 2017 (the Securitisation Regulation) entered into force on 17 January 2018 and will apply directly in all Member States from 1 January 2019. The Securitisation Regulation marks a significant step towards the implementation of the European […]

Keeping it in the family: The vital role played by family offices

By Siobhan Riley, Victoria Connolly The Lancashire proverb “clogs to clogs in three generations” is, it seems, a universal one – “shirtsleeves to shirtsleeves” in America, “rice paddies to rice paddies” in Japan, “wealth never survives three generations” in China and in Scotland “The father buys, the son builds, the grandchild sells and his son […]

Offshore limited liability companies and the family office

By Ashley Fife Often described as a hybrid between a company limited by shares (LTD) and a partnership, limited liability companies (LLCs) are widely regarded as flexible, low maintenance and tax efficient. These characteristics have made LLCs popular vehicles for family offices, funds and operating businesses in the United States and elsewhere. By comparison, LTDs are […]

New requirements for Bermuda general and composite insurers commence on 1 January 2019

By Mary V Ward, Henry Tucker On the first of January new requirements for Bermuda general and composite insurers commence to ensure that Bermuda maintains an effective insurance regulatory and supervisory infrastructure. This briefing gives a high level reminder of the amendments. Bermuda’s Insurance Amendment (No.2) Act 2018 made some important amendments to the Insurance Act […]

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