AML Officers' Appointment Deadline Fast Approaching

The Bermuda Government has enacted the following legislation - the Taxes Management Amendment Act 2006, the Contributory Pensions Amendment Act 2006, and the National Pension Scheme (Occupational Pensions) Amendment Act 2006 (the “Acts”).

Cayman is developing into a 21st century model of how capital markets can meet the needs of reinsurance. The scope for new capital markets vehicles to underwrite reinsurance risk is growing, and Cayman has the professional infrastructure and the legal, regulatory and tax environment to welcome them. Following several active hurricane seasons, Cayman has become a centre for catastrophe insurance securitisations and sidecar reinsurance vehicles.

The new beneficial ownership registration regime has gone live in the Cayman Islands. Much of the focus to date has been on the mechanics of the new system:

Following consultation with industry earlier this year, the Guernsey Financial...

When seeking to set aside a transaction on the basis of mistake in Guernsey where the underlying reason that the transfer took place was to engage in legitimate tax planning methods the Royal Court is unlikely to find that this would be a public policy reason justifying the refusal of the relief.

The Channel Islands Stock Exchange (CISX) has announced that it has reopened to consider new listing applications with no apparent suitability issues.

There are distinguishing characteristics between charity (which tends to focus on the relief of a particular social problem) and philanthropy

In a recent judgement re the Z Trusts [2015] JRC196C from the Royal Court of Jersey it was held that the test for an insolvent trust is a cash flow test, rather than a balance sheet test.

Recent figures released by the Government of India*, show that in the third quarter of 2014 Mauritius regained its number one position in respect of being the largest source of foreign direct investment (FDI) into India.

MandA.TV Leaderboard interviews with Paula Heikell. Interviewing Alan Bossin, Partner, Appleby, during the 2013 Cross Border M&A Advisor Symposium in New York, NY. May 13-14, 2013.

MandA.TV Leaderboard interviews with Paula Heikell. Interviewing Brad Adderley, Partner, Appleby, during the 2013 Cross Border M&A Advisor Symposium in New York, NY. May 13-14, 2013.

MandA.TV Leaderboard interviews with Paula Heikell. Interviewing Simon Raftopoulos, Partner, Appleby, during the 2013 Cross Border M&A Advisor Symposium in New York, NY. May 13-14, 2013.

CIMA published yesterday (31 May) a revised rule and guidance addressed to insurers and registered PICs licensed by CIMA that use outward reinsurance.

Following amendments brought under the Business Facilitation Act 2017, the MRA has been entrusted with the collection of contributions and payments to the National Pension Fund...

The Bermuda Registrar of Companies (ROC) extended to 30 September 2022 the filing deadline for those entities which earned no gross revenue during the relevant financial period ending 31 December 2021.

We are pleased to inform you of the announcement last week by the Judicial Commission of Mr Gerhard Wallbank as an acting Judge of the Commercial Division of the Eastern Caribbean Supreme Court ...

On 20th November 2017 the Court of Appeal handed down its judgment in the latest round of litigation arising out of the fallout of Bernard Madoff's multi-billion-dollar ponzi scheme.

The European Securities and Markets Authority (ESMA) has announced that they are moving forward to assess further groups of non-EU countries.

By a communique dated 9 June 2022, the Financial Services Commission indicated that it has amended its Competency Standards issued under Section 7(a)(a) of the Financial Services Act 2007.