On 31 January 2014 the Crown Dependencies of Guernsey and Jersey jointly issued draft Guidance Notes (in conjunction with the Isle of Man) on the implementation of obligations arising under the intergovernmental agreements ("IGAs") signed by each island with the UK in October 2013 and with the US in December 2013.

Mr Harris will discuss various issues that have come up following the first reporting for FATCA on 30 June 2015.

The Code applies to persons (the "Entities") licenced or registered to carry out any ‘relevant business' (as such term is defined in the Anti-Money Laundering Regulations, 2008 and which includes, among other matters, banking business, insurance business and the business of company management), and also to non-financial businesses (designated as such in the Non-Financial Business (Designation) Notice, 2008).

Since the introduction of Guernsey's aircraft registry, the 2-Reg, in 2013, aircraft financing continues to grow in popularity in the island, according to offshore law firm Carey Olsen.

On 6 March 2018, the Cayman Islands Court of Appeal handed down judgment in an appeal brought by Shanda, holding that a "minority discount" should be applied in assessing the fair value....

Jersey companies law has been amended from to increase the flexibility of Jersey companies and make their use simpler and more efficient.

The Jersey Law Commission recently delivered a consultation paper entitled "Divorce Reform", which is refreshingly straightforward and surprisingly comprehensive.

As interest in hedge funds has grown in the UK and Europe during recent years, a large number of promoters have chosen to locate their funds in Guernsey away from traditional hedge fund domiciles. This is due in no small measure to the encouragement provided by the Guernsey Financial Services Commission for the use of the island as a domicile through two policy changes.

Jersey Listed Funds must comply with the Jersey Listed Fund Guide (the "LF Guide").

Creditors are entitled to have processes of law which give protection to their economic interests. Jersey has various procedural safeguards in place to protect debtors.

Much has already been said about the life-altering changes brought about by the Covid-19 pandemic with, quite understandably, a trend towards analysing the widespread negative consequences many of ...

The pandemic has given rise to an increasing number of requests from Guernsey-based organisations for advice on employment contract issues.

A growing trend in all transactions has been an increasing focus on the implications of data protection throughout the sale process.

Not always. It all depends on the specific business uses – what you want to change the use from and to.

As the largest law firm in Jersey with the busiest investment funds practice, we have experienced a sharp increase in US managers seeking access to European Union/European Economic Area...

On 31 July 2024, the Cayman Islands Beneficial Ownership Transparency Act, 2023 ("BO Act") and the accompanying Beneficial Ownership Transparency Regulations...

The Cayman Islands investment funds sector continues to evolve with significant regulatory updates affecting reporting requirements and the introduction of a new framework for tokenised funds. Key changes include modifications to Common Reporting Standards and Economic Substance filing procedures, alongside the implementation of legislation enabling digital token representation of fund interests.

Guernsey is a well-established centre for the creation of family offices, private trust companies (PTCs) and private trust foundations (PTFs) being companies or foundations...

The Cayman Islands continues to be one of the leading offshore jurisdictions for digital assets, with several market leaders and tier 1 projects being established in the Cayman Islands. The Cayman Islands Virtual Asset (Service...

Companies and cells can migrate from one jurisdiction to another. This briefing outlines the process of migration for companies and cells, as well as funds.