New Legislation For November 2013 –January 2014

The Isle of Man offers wealthy families a politically stable, well-regulated and practical base in which to establish wealth and business succession planning structures. Modern and robust legislation, high-quality professional advisers and service providers, and a reputation for cost-effectiveness, all contribute to the island's attractiveness as a trusts jurisdiction.

There has been much in the press recently about financial and economic sanctions being imposed.

Imagine a SIPP Which can invest directly in buy-to-let residential property (at home and abroad); Whose benefits can be taken through flexible drawdown, with no annuity requirement – ever; Which pays 30% of the fund at retirement as a tax-free lump sum.

Managing and protecting your assets can feel complex but it doesn't have to be – what you need is professional trustees.

Over the past two decades, the Middle East has emerged as one of the fastest-growing regions for wealth creation.

One of the fundamental principles of company law is that a lawfully incorporated company has a legal personality and identity that is separate from its directors or shareholders.

The Trustee Act 2001 (an Act of Tynwald) (the "Act") was enacted in an attempt to satisfy criticism of certain aspects of trust law as it then stood.

Since Foundations have been written into Manx law, they have been used frequently as part of intermediaries' offshore wealth planning for any number of purposes, but all must conform to the same constitutional principles.

The Isle of Man Companies Act 2006 (CA 2006) introduced what is commonly referred to as the New Manx Vehicle (NMV). Companies incorporated under the Isle of Man Companies Act 2006 provide a more modern and dynamic form of corporate entity ...

Various changes were made to the application of The City Code on Takeovers and Mergers (the Code), widening the categories of companies regulated by the Code.

The Cayman Islands has emerged as the world's premier offshore jurisdiction for venture capital fund formation and cross-border investment structuring, with over 30,900 alternative investment funds managing USD8.2 trillion in assets.

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc

Section 238 of the Companies Act (2025 Revision) (the "Act") provides a statutory right for shareholders who dissent from a merger to be paid a judicially determined fair value for their shares in lieu...

The Cayman Islands Monetary Authority has published two new Rules introducing binding requirements for regulated financial service providers regarding anti-money laundering, counter-terrorist financing...

This is the Fourth Edition of the Guide, which we have produced for the information of our clients and professional colleagues. This edition takes account of changes brought about by the Companies Act 2001 and the Financial Services Act 2007.

This guide provides the latest legal information on the evolution and regulation of these markets, licensing and set-up requirements for businesses, cross-border services, decentralised finance...

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.

Entities in the British Virgin Islands may qualify for exemptions from Annual Return requirements based on specific criteria. BVI Business Companies and Limited Partnerships can avoid filing obligations if they meet conditions such as being listed on recognized exchanges, regulated by the FSC, or filing tax returns with financial statements.

The Isle of Man offers wealthy families a politically stable, well-regulated and practical base in which to establish wealth and business succession planning structures. Modern and robust legislation, high-quality professional advisers and service providers, and a reputation for cost-effectiveness, all contribute to the island's attractiveness as a trusts jurisdiction.

The British Virgin Islands has positioned itself as a leading offshore financial centre for blockchain and crypto-asset businesses, offering a flexible regulatory framework that balances...