On 22 February 2024, the Commission de Surveillance du Secteur Financier (CSSF) revised its FAQ on Virtual Assets for Undertakings for Collective Investment...

Join us over the next nine months as Global Managing Partner William Peake sits down with each of our office managing partners to learn more about them and their jurisdictions.

Exploring Offshore Litigation is a podcast series of our Harneys Offshore Litigation Blog written content that dives deep into the intriguing world of offshore litigation...

We are excited to share details of our Regulatory and Tax Disclosure tool which launched on 20 November 2023.

Generally speaking, most of the refinements should be warmly welcomed by the financial services community.

On 9 February 2024, the BVI Financial Investigation Agency (FIA) issued an updated Money Laundering Reporting Officer (MLRO) Notification Form. The updated form must be used by relevant...

Despite initial plans to launch the payment component in January 2024, unforeseen circumstances have led to a delay in its deployment. During this period, users are urged...

One of the aims of the BVI Insolvency Act (“the Act”) is to bring certainty to the insolvency regime in the BVI, including time limits for compulsory winding up procedures. In two recent cases the High Court gave a clear message that time limits will be strictly applied, even where this means a BVI company is then subject to a liquidation order.

The Cayman Islands Ministry of Public Finance has reported that the jurisdiction has retained its very high "Aa3" rating from Moody’s, one of the world’s foremost financial rating agencies.

In the recent decision of Taiping Trustees Limited v Valley Stone Industry Fund Ltd, the Cayman Islands Grand Court provided a timely reminder that public policy factors should not be taken into account.

On the 12 February 2023, the EU Council has decided to regulate the handling of assets belonging to the Central Bank of Russia which are immobilised due to EU sanctions.

Effective 1 January 2025, the Cayman Islands Monetary Authority (CIMA) and General Registry have implemented updated government fees for various services.

On 30 January 2025, the BVI Financial Services Commission (FSC) and the Financial Investigation Agency (FIA) announced that they are conducting a survey to assess the impact of their guidance documents.

On 31 January 2024, a Memorandum of Understanding (MoU) between the BVI Financial Services Commission (FSC) and the BVI Financial Investigation Agency (FIA)...

The Order is effectively subsidiary legislation to the BVI's Mutual Legal Assistance (Tax Matters) Act 2003 (the MLAT). The Order was made on 20 March 2024 and was Gazetted and came into force on 28 March 2024.

On 15 January 2025, the Cayman Islands Monetary Authority (CIMA) reminds firms of key fee deadlines and penalties for 2024 and 2025...

Cyprus has recently introduced the Provision of Crowdfunding Services for Businesses Law of 2024 (the Crowdfunding Services Law), to align with EU Regulation (EU) 2020/1503 on crowdfunding service providers for business.

On 26 March 2024, Directive (EU) 2024/927 (AIFMD II) amending the Alternative Investment Fund Managers Directive 2011/61/EU (AIFMD) and the Undertaking for Collective Investment...

On 29 November 2024, the European Commission adopted new regulatory technical standards to supplement the EU Regulation 2023/1114 on markets...

On 13 December 2024, Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) released a new FAQ addressing Anti-Money Laundering and Countering...