The offering was upsized from a previous offering of USD 175 million in aggregate principal amount of the Notes.

At its plenary meeting held on 21st of October 2021, the Financial Action Task Force (FATF) concluded that Mauritius is no longer subject to increased monitoring by the FATF. In its public statement, the FATF highlighted the following:

The Supreme Court of Mauritius, sitting in its appellate jurisdiction, brought clarifications on the circumstances in which a Mise-en-Demeure would not be required.

As we navigate through this dynamic year, Appleby's first Mauritius newsletter of 2024 sees our team share some significant developments...

The adoption of blockchain will represent a total shift from the traditional business dealings in Mauritius, by placing trust and authority in a decentralised network.

In his Budget Speech presented on the 8 June 2017, the Prime Minister of Mauritius unveiled a three year Strategic Plan to support the Government's medium-term and long-term objectives.

The Seychelles National Anti-Money Laundering and the Financing of Terrorism Committee (NAC) has launched the consultation phase for the proposed framework for regulations of Virtual Assets (VA)...

Until the decision of the Supreme Court in Sumputh v Holborn College Limited 2012 SCJ 193 (Sumputh), it was understood that a judgment creditor which sought to enforce a judgment delivered by a superior court of the United Kingdom could avail itself of any of the following three pieces of legislation namely...

The arm of the UK Government is likely to extend into offshore trusts where they contain UK tax paying beneficiaries.

It is once again time for Appleby's round-up of significant decisions handed down by the courts of our various jurisdictions in the preceding year.

Our last quarterly update on the developments of the economic substance regimes in the British Virgin Islands, the Cayman Islands and Bermuda related largely to reporting procedures and deadlines...

New regulations in Bermuda, the British Virgin Islands (BVI) and the Cayman Islands came into force at the start of 2019

Appleby has recently acted as Bermuda counsel for both Peak Reinsurance Holdings Limited and the International Finance Corporation in relation to the issuance of shares in Peak Re to IFC and Spinel Investments Limited of approximately US$550 million.

On 12 November 2019 the Bermuda Monetary Authority (BMA) released a notice in response to an increase in enquires in respect of licencing to re/insure cannabis related risk and the recent legalization of cannabis in Canada.

The Matterhorn Series 2020-3 notes will provide Swiss Re with collateralised retrocession cover against US named storm losses, on an industry loss trigger and per-occurrence basis.

Appleby advised in a structured deal of USD 325 million 5.375 % secured notes due 2024 issued by Mauritius-based India

Miotal, a strategic metals platform controlling substantial inventories of technology-grade materials including ultrafine copper powder, nickel wire and rare earth metals, is set to list on NASDAQ through a merger with Fifth Era Acquisition Corp. I. The transaction, advised by Appleby's Band 1-ranked Corporate team, positions Miotal to monetize critical inputs across defense, semiconductor, energy and healthcare industries.

The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance

The Financial Services Authority (FSA) has determined that Contract for Differences (CFDs) with VA as the underlying asset should NOT be considered as a virtual asset service under the VASP Act.

Appleby acted as Isle of Man counsel to KKR & co., a leading global investment firm, on its acquisition of Prometic Bioseparations Ltd from Liminal BioSciences Inc.