ArticleWhat Structure Should I Use For My Offshore Fund?Two funds, an offshore and domestic US fund, are established and both are managed in exactly the same way.British Virgin IslandsFinance and BankingHarneys
ArticlePotential Changes To Creditors' Rights In The BVI – Administration OrdersThe British Virgin Islands (BVI) is once again considering proposals to bring into force provisions which permit the making of administration orders in relation to BVI companies.British Virgin IslandsInsolvency/Bankruptcy/Re-StructuringHarneys
ArticleMultiple Derivative Actions In The BVI: Tried But Not Tested?On 8 August 2013, the Court of Appeal issued its ruling in the case of Microsoft Corporation v Vadem LtdBritish Virgin IslandsWealth ManagementHarneys
ArticleCayman Islands Insolvency Law In 60 SecondsInsolvency law in the Cayman Islands is principally regulated by the Companies Law (2013 Revision) and the Companies Winding Up Rules 2008, and they are supplemented by a wide body of case law. Cayman IslandsInsolvency/Bankruptcy/Re-StructuringHarneys
ArticleEMIR 3.0: Introduction Of Safer And More Attractive EU Clearing Services RulesOn 4 December 2024, the Official Journal of the European Union published two pivotal legislative updates to the European Market Infrastructure Regulation (EMIR 3.0)...European UnionComplianceHarneys
ArticleESMA Guidance Published On Application Of AIFMD Passport To Non-EU JurisdictionsPassporting is currently only available for EU Alternative Investment Funds (AIFs) managed by EU Alternative Investment Fund Managers (AIFMs).GlobalFinance and BankingHarneys
ArticleMandatory "Bail-In" Clauses For Finance DocumentsThe European Union is never happier than when it is changing a sovereign country's laws for it. GlobalFinance and BankingHarneys
PodcastI'm Still Standing: New York Court Confirms BFAM May Pursue Glory Health For US$200m In Missed Note Payments (Podcast)A recent decision the Supreme Court of the State of New York has determined that the beneficial owners of bonds have standing to bring claims against the bond issuer and guarantors.GlobalInsolvency/Bankruptcy/Re-StructuringHarneys
ArticleGuide To The Russian Deoffshorization LawFederal Law No 376-FZ introduces significant changes to the rules governing the reporting and taxation of participation interests by Russian tax residents in controlled foreign companies.RussiaTaxHarneys
ArticleThe Importance Of The Common Reporting Standards To Cayman Islands Entities – What To Do And When To Do ItDuring the last quarter of 2024, several breach notices were issued by the Cayman Islands Tax Information Authority's Department for International Tax Cooperation (DITC) to Cayman Islands.United StatesCorporate/Commercial LawHarneys
ArticleContinuing Obligations Of A Cayman Islands Exempted Limited Partnership Closed-Ended FundThe following covers the requirements of an investment fund in the Cayman Islands assuming it is a ‘Reporting Financial Institution' under automatic exchange of information legislation in the Cayman Islands.Cayman IslandsFinance and BankingHarneys
ArticleThe Offshore Advantage: M&A In The BVIAs the largest law firm in the BVI, Harneys has consistently worked on the biggest and most complex mergers and acquisitions (M&A) involving BVI companies. British Virgin IslandsCorporate/Commercial LawHarneys
ArticleIsland Life: A Born & Bred BermudianThe island also boasts some of the best dive sites in the world, thanks in part to the record-number of shipwrecks that have succumbed to its rocky coastline.BermudaWealth ManagementHarneys
ArticleGuide For Hong Kong Clients On Obtaining BVI Grants Of ProbateIt important for clients to understand the nuances and intricacies of obtaining grants of probate and administration in the BVI.British Virgin IslandsFamily and MatrimonialHarneys
ArticleThe Next Frontier -- BVI Introduces New Fund ProductsThe new legislation which governs these products is the Securities and Investment Business (Incubator and Approved Funds) Regulations 2015.British Virgin IslandsFinance and BankingHarneys
ArticleWasted Costs Applied To BVI Duties On An Ex Parte ApplicationThe BVI Commercial Court has just provided guidance on wasted costs principles and their application to the duties of an applicant's legal practitioner on an ex parte application.British Virgin IslandsWealth ManagementOgier
ArticleGuide To Rights Of Third Parties In The Cayman IslandsThe Contracts Law gives third parties the ability to enforce contractual rights expressly granted to them in Cayman Islands law governed contracts to which they are not a party, subject to certain exceptions.British Virgin IslandsCorporate/Commercial LawHarneys
ArticleRights Of Third Parties In The Cayman IslandsThe Contracts (Rights of Third Parties) Law (the Law) gives third parties the ability to enforce contractual rights expressly granted to them in Cayman Islands law governed contracts to which...Cayman IslandsCorporate/Commercial LawHarneys
ArticleCountdown To Referendum – What Could Brexit Mean For Offshore Funds?Here in the UK the debate is intensifying around the EU referendum on 23 June on whether the UK should remain in or leave the EU.United KingdomFinance and BankingHarneys