Guernsey is a Crown Dependency. The Bailiwick of Guernsey (Guernsey, together with Herm, Sark, Alderney and the surrounding islets) is part of the British Isles but independent of the UK.

In this article, David Crosland and Andrew Tually reflect on the recent updates to the Private Investment Fund regime, Economic Substance requirements and the emergence of innovative funds and structures driving growth in Guernsey.

Hire Government Bond Yields have led to increases in the funding levels in many UK defined benefit pension schemes (DB Schemes). Now they are in surplus, many DB Schemes are considering a bulk annuity.

In the last few weeks, we have received a number of urgent instructions as a result of the unprecedented impact of the coronavirus (COVID-19) situation.

Guernsey is forward-looking jurisdiction with a pragmatic approach to digital assets. Industry and the regulator (the Guernsey Financial Services Commission ("GSFC"))...

At the beginning of 2020, no one would have predicted that the wealth management industry (in common with many other industry sectors) would be shortly engaging in what is effectively...

The Jersey Government is committed to ensuring that Jersey is and remains recognised as a leading centre for international financial services which adopts the highest levels of compliance with...

The Bank (Recovery and Resolution) (Jersey) Law 2017 (the "Law") was passed by the Jersey States Assembly on 14 February 2017 and registered in the Royal Court on 12 May 2017, ...

A new exemption from the requirements of Jersey's Financial Services (Jersey) Law 1998 ("FS(J)L") has been introduced which will enable Jersey-regulated fund managers to service qualifying segregated managed accounts ("QSMAs") without the need for further regulation in Jersey while continuing to benefit from Jersey's 0% corporate income tax rate.

Carey Olsen continues to operate at the forefront of offshore asset recovery work and the development of insolvency law and process in Jersey.

This Spring will see the introduction of a number of landmark developments in Jersey's statutory insolvency regimes, which will further solidify Jersey's...

The central message of Carey Olsen's Jersey data protection and cybersecurity conference "Countdown to Chaos?" was that preparation for the new EU General Data Protection Regulation should begin now.

On 22 November 2019, the Hong Kong Court of Final Appeal allowed an appeal and overturned the decision in Zhang Hong Li and others v DBS Bank (Hong Kong) Limited and others [2019] HKCFA 45.

Jersey has emerged as a progressive and pragmatic jurisdiction for digital assets, providing a balanced regulatory environment that supports innovation while ensuring investor protection.

Here, Carey Olsen counsel Rachel Yao reflects on the impact of recent global events such as the pandemic on Asian high net worth individuals and the move towards offshore jurisdictions...

Our investment funds team outline the latest developments within the investment funds market in Bermuda, addressing the recent statistics from Q2 2024 published by the Bermuda Monetary Authority (the "BMA").

The Cayman Islands Government and the Cayman Islands Monetary Authority ("CIMA") have committed to developing a bespoke regulatory framework ...

The Jersey Financial Services Commission ("JFSC") has implemented the Jersey Private Fund Guide Regime ("JPF") on 18 April 2017.

In the wake of the recent outages caused by CrowdStrike's defective software update on July 19, 2024, Bermuda insurance market participants affected by the CrowdStrike...

The recent English Court of Appeal decision in Dos Santos v Unitel SA [2024] EWCA Civ 1109 provides welcome clarification as to the test for obtaining a freezing injunction.