Private Client & Trust Bulletin April 2020

With the world in the grip of the COVID-19 pandemic, we would like to reassure our clients that we remain ready to provide advice and support during this difficult time, as your needs may change. Please visit our website for our latest articles and insights on the present situation.

Meanwhile, with much of the world in lockdown, we hope you find this review of developments in the international private wealth sector informative and enjoyable reading. Most importantly, in the weeks and months ahead we hope you and your families and colleagues keep safe and well.

Jurisdiction Developments

Like all international financial centres (IFCs), Bermuda, Cayman and BVI continue to be challenged by increasing regulation and the introduction of the EU's economic substance requirements. Nevertheless, clients and their advisors, particularly in the context of trusts and international private wealth management, still seem robust in their use of IFCs to achieve their