ArticleAre You A Person Aggrieved?A recent judgment of the United Kingdom Supreme Court in Brake & Anor v The Chedington Court Estate Ltd [2023] UKSC 29 (10 August 2023) is likely to be a welcome decision for liquidators...United KingdomInsolvency/Bankruptcy/Re-StructuringCarey Olsen
ArticleUpdate To Bermuda's Economic Substance LegislationThe month of June 2019 saw a number of important updates to Bermuda's economic substance regime ahead of the 1 July deadline for compliance for entities in existence when the legislation came into force. BermudaTaxCarey Olsen
ArticleGuernsey's Fast Track Application Regime For Managers Of Overseas FundsCarey Olsen has recently assisted a number of overseas fund managers with migrating their fund management companies ("Mancos") to Guernsey, and we continue to receive enquiries.GuernseyFinance and BankingCarey Olsen
ArticleGuernsey's New Fast Track Application Regime For Managers Of Overseas FundsCarey Olsen has recently assisted a number of overseas fund managers with migrating their fund management companies ("Mancos") to Guernsey, and we continue to receive enquiries.GuernseyFinance and BankingCarey Olsen
ArticleGuernsey Funds Market Update: ESG, Discretionary Exemptions And Changes To The Licensees (Capital Adequacy) Rules, 2021Our investment funds team outline the latest developments in the investment funds market in Guernsey including the new sustainable initiatives introduced by the GFSC...GuernseyFinance and BankingCarey Olsen
ArticleDocument Duty (Residential Property)To many the recent announcements of disappointing revenue forecasts for 2013 from Guernsey’s Treasury and Resources Department ("Treasury and Resources"), in part due to a reduction in document duty receipts (document duty generally being the second-largest contributor to Guernsey’s budgetary income after income tax) will have come as little surprise. GuernseyReal Estate and ConstructionCarey Olsen
ArticleGuernsey Planning Matters: My Planning Application Will Be Decided At An Open Planning Meeting. What Does This Mean?This means that your planning application will be decided by the political members of the Development & Planning Authority ("DPA") at a meeting which will be open to the public.GuernseyReal Estate and ConstructionCarey Olsen
ArticleJersey's Economic Substance Requirements - Identifying Holding Company Business And Its ImplicationsThis briefing forms part of our series on identifying relevant activity for the purposes of the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the "ESJL"), in this case holding JerseyCorporate/Commercial LawCarey Olsen
ArticleBermuda Minimum Hourly Wage In Effect From 1 June 2023From 1 June 2023, all employees in Bermuda will be entitled to receive a minimum hourly wage rate of at least $16.40, pursuant to the Employment (Minimum Hourly Wage) Order 2023 (the "Order").BermudaEmployment and HRCarey Olsen
ArticleTechnology Sector Offers Economic And Employment Opportunity For BermudaEmployment opportunities that could emerge as a result of Bermuda's growing technology sector should not be underestimated, according to Steven Rees DaviesBermudaFinance and BankingCarey Olsen
ArticleCayman Islands SVB Update For Startups And FoundersWhile the shuttering of SVB in recent days represents a material loss to the venture capital and start up industries and to our clients, collaborators, and friends with Cayman Islands...Cayman IslandsCorporate/Commercial LawCarey Olsen
ArticleWhy The Cayman Islands Continues To Be A Popular Jurisdiction For Offshore FundsOver the past 25 years, the Cayman Islands have established themselves as a leading jurisdiction for alternative investment funds, with nearly 13,000 regulated open-ended funds...Cayman IslandsCorporate/Commercial LawCarey Olsen
ArticleCayman Islands Fund Finance Update: Capital Call Security, Notices, And Investor PortalsMost market participants are already well aware that capital call security is perfected, as a matter of Cayman Islands law...Cayman IslandsFinance and BankingCarey Olsen
ArticleA Wave Of FirstGen – Assisting The Creators Of New WealthWhile the increased profiles and demands of the famed "Next Generation" (NextGen) of established high net worth families have been well traversed over recent times...Cayman IslandsTechnologyCarey Olsen
ArticleGuernsey Discrimination Law Update: Where Are We Now?We are often asked to opine on the status of anti-discrimination law on the island, as many believe that it does not exist.GuernseyEmployment and HRCarey Olsen
ArticleCarey Olsen And Praxis Fund Services Support Taylor Maritime Investments On London Stock Exchange ListingCarey Olsen's Guernsey corporate team and leading funds services provider Praxis Fund Services (PFS) have assisted on the initial public offering (IPO) of Taylor Maritime Investments Limited...GuernseyFinance and BankingCarey Olsen
ArticleRecord Year For Open Market Activity In GuernseySales activity in the Guernsey Open Market last year was at its highest ever level, according to the latest conveyancing statistics compiled by Unusualities of Guernsey...GuernseyReal Estate and ConstructionCarey Olsen
ArticleUnder One Roof: Multi-generational LivingIt is well known that Guernsey is facing significant housing pressures, with the shortage of houses and housing affordability being long-term issues.GuernseyReal Estate and ConstructionCarey Olsen
ArticleHow Will Recent Updates To The Jersey Companies Law Affect You?Jersey companies law has been amended from to increase the flexibility of Jersey companies and make their use simpler and more efficient.JerseyCorporate/Commercial LawCarey Olsen
ArticleSecured Creditors And Immovable Property: Procedure And Why It MattersCreditors are entitled to have processes of law which give protection to their economic interests. Jersey has various procedural safeguards in place to protect debtors.JerseyLitigation, Mediation & ArbitrationCarey Olsen