Investec Asset Management has migrated and re-domiciled a US$1.2 billion fund from Ireland and Guernsey due to the Alternative Investment Fund Managers Directive (AIFMD).

The Investment Business (Approved Managers) Regulations, 2012 provides an attractive "regulatory light" option for qualifying investment managers and advisors.

A comparison with last year suggests that nationally the number of insolvency situations have reduced but this does not tell the full story.

In early 2005 a committee reviewing the investment sector of the finance industry in Guernsey (one of several review committees) was established with Advocate Peter Harwood as Chairman. Importantly, Peter Moffatt, the Director of the Investment Business Division of the Guernsey Financial Services Commission ("the Commission") was also appointed to the Committee.

Five recent decisions of the Royal Court of Jersey illustrate that Jersey continues to be at the cutting edge of trust law. The first relates to the so called "dog-leg" claim by beneficiaries of a trust directly against the directors of a corporate trustee.

On 17 March 2008, a brand new Guernsey trusts law came into force, providing new opportunities for the fiduciary sector in Guernsey and better protection for both settlors and trustees. The new Law should take Guernsey forward into a new era in trust business and act as a solid platform for further success.

Why private placement and why Jersey? As a result of the shortage of liquidity in the bank lending markets, many businesses have a need for additional funding. One source of funds might be a private placement of shares.

It seems like a week hasn't passed recently without some new global macro shock hitting our screens, resulting in the economic rollercoaster ride on which we find ourselves.

Spiralling inflation, a war in Europe, and supply chain disruptions, the like of which have not been seen in decades.

Weavering Macro Fixed Income Fund was placed into liquidation in March 2009 after it was revealed that the Fund's main asset, being a basket of interest rate swaps entered into with a related entity, were worthless.

A regulated mutual fund must file an annual return and pay an annual fee to the Registrar. The annual fee is calculated by reference to the fund's authorised share capital.

Two recent decisions of the BVI Court of Appeal, concerning the interplay between s.6(2) of the 1976 Arbitration Ordinance and the Insolvency Act 2003, serve to highlight why the old Arbitration Ordinance has benefitted from revision.

Interim injunctive relief is a powerful tool and the ability to freeze a defendant's assets to prevent dissipation before a matter reaches trial can be an important protective step.

A company incorporated outside the Cayman Islands may apply to be registered by way of continuation as an exempted company limited by shares under Section 201 of the Companies Act (the Act).

Property in Jersey can be bought or sold either by contract passed before the Royal Court (a conveyance) or by share transfer. This general guide explains the steps in a share transfer transaction.

Ten Guernsey lawyers were included in the Private Client Global Elite compiled by Legal Week, a list of the world's elite lawyers advising high net worth clients.

The British Virgin Islands (BVI) is a leading offshore financial centre, providing robust yet flexible corporate structures within a politically safe and low cost jurisdiction.

The Cayman Islands is one of the world's leading offshore jurisdictions for the establishment of investment funds.

More is expected from directors now than in the past. Sir Howard Davies, the former head of the United Kingdoms Financial Services Authority, has said that "the Crown Dependencies [of which Guernsey forms part] continually have to go that extra mile just to prove that they are upright, honest and godly. Of course it is not fair, but it is realistic".

Managers of hedge funds domiciled in the Cayman Islands will be all too familiar with the extent of the outflows from the industry during 2008, a trend which seems set to continue into 2009 with the global economic downturn and continuing lack of market liquidity.