The Isle of Man Government has today (15 December) approved an extension of the economic substance rules to include "self-managed schemes".

We recently contributed the Isle of Man chapter to the Eversheds Sutherland Horizon Scanning - Betting and Gaming quarterly review, an interactive guide to keep readers informed about the key...

The relationship of trustees to beneficiaries is viewed as fiduciary, meaning there are certain equitable principles which prevent trustees from abusing their position;

More money was spent on M&A transactions in Jersey than any other offshore jurisdiction in the first half of 2018 and the Isle of Man experienced a 38% increase in the number of local M&A transactions...

The Law Society of Jersey has this week issued guidance commenting on the rules governing wrongful trading under Jersey law given the financial difficulties caused by the COVID-19 pandemic.

Following on from the changes that were introduced last September, proposed amendments have been lodged with the States Assembly to further extend Jersey's family friendly legislation to bring it much closer ...

On the investment strategy front, there has been a measured increase in the allocation to alternative investments, a long term decline in public equities and an increase in the availability of non-traditional sources of debt funding.

These new rules are designed for Specialist Companies, including SPV holding companies and closely held REITs, and aim to attract privately held structures...

The Registrar of Companies in Mauritius has issued a practice direction relating to the disclosure of beneficial ownership by companies and any other entities such as partnerships and...

There have been interesting developments in our legal landscape since our last issue with the Government's continued endeavours to further enhance our international financial centre as one of excellence.

Appleby Mauritius redefines the legal landscape of seizure prior to claim by successfully defending contempt of court proceedings based on an 1808 legislation.

Loss of profit, possible risks to reputation, decrease in stock price… an endless list on the impact of insider dealing and market abuse. Whilst cybersecurity risks may be a contributing factor,

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.

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)...

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