Welsh law and language

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Latest Briefings

Dispute resolution – Yes and no: how funders decide

By David Walker, Investment Manager (Solicitor) for Augusta Ventures According to Pythagoras: “The oldest, shortest words – ‘yes’ and ‘no’ – are those which require the most thought.” Litigation funders would wholeheartedly agree when deciding whether or not to fund a case. As the largest funder in the UK by volume of claims funded, Augusta […]

Bermuda introduces digital asset business amendment Act 2019

By Steven Rees Davies The Digital Asset Business Amendment Act 2019 (DABA Amendment ACT) became operative on 8 October 2019. The Amendment amends the Digital Asset Business Act 2018 that became operative on 10 September 2018 which regulates the digital asset sector in Bermuda. The Amendment replaces the existing definitions of “exchange”, “digital asset services vendor”, […]

The rules on economic substance in The British Virgin Islands

By Jeffrey Kirk On 9 October 2019, the ITA published the Rules on Economic Substance (Rules), which provide detailed explanations and interpretations of the legislative requirements of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (ES Act).  The Rules closely follow the Draft ES Code that has been in circulation since April 2019. The […]

What are the key trends shaping the fund finance industry in Asia?

By Fiona Chan CAYMAN ISLANDS FUND VEHICLES IN ASIA The Cayman Islands continue to be one of the most popular offshore jurisdictions for the Asian finance industry. There are dozens of Chinese funds that manage USD1 billion or more and the Cayman Islands provide the international recognition that many of these managers are looking for. […]

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How islands drew the short Straw

Offshore centres are angry with the Home Secretary. Philip Jeune explains why. Philip Jeune is a freelance journalist. Channel Island politicians are still reeling from the news of the Home Office review of their financial laws and regulations not so much because of the review itself but rather the manner in which it was announced […]

Budget leaves islands in flux

Robert Clifford investigates how a raft of proposals announced by the Chancellor will affect the operation of offshore trusts. Robert Clifford is a partner at Theodore Goddard in Jersey. One certainty about the Chancellor, Gordon Brown’s first full Budget was that it would do no favours for the offshore islands. As expected, offshore trusts attracted […]

CPS report on hold as Mills draws up response

PUBLICATION of the long-awaited Glidewell review into the Crown Prosecution Service has been put on hold to allow Director of Public Prosecutions Dame Barbara Mills QC to respond to the report’s findings. The Lawyer understands that the retired Court of Appeal judge Sir Iain Glidewell has conceded to a request by Mills and her senior […]

Trusts may face taxing times

Double-barrelled Budgets have had a varied impact on the Isle of Man and will give trustees food for thought, says Jane Bates. Jane Bates is a Scottish solicitor in practice with Isle of Man-based Mann & Partners. A double-dose of anticipation was experienced on the Isle of Man on 17 March. At 10.30am, Richard Corkill, […]

Mathews offers LGG bittersweet symphony. Michael Mathews' speech at the Local Government Group conference was both reassuring and disturbing for members, writes Chris Fogarty

Before Law Society vice-president Michael Mathews stood up to make his after-dinner speech, his audience at the Local Government Group (LGG) conference had been anxious over the society’s plans for local government lawyers. But by the time he sat down, they were seething with anger. The audience had been expecting Mathews to address fears that […]

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