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Bermuda: Same-Sex Marriage: The Legal Position In Bermuda - Appleby

Wed, 15 May 2013 10:36:10 GMT

Bermuda residents who have entered into same-sex marriages or civil unions/partnerships in foreign jurisdictions where these are permitted should be aware that such unions will not be recognised in Bermuda.

Cyprus: The Cyprus Bailout And Holding Companies - Andreas Neocleous & Co LLC

Wed, 15 May 2013 00:00:00 GMT

Following the bailout package agreed between the so-called troika of the EU, European Central Bank and IMF on one hand and the Cyprus government on the other, the two largest banks in Cyprus will be merged and considerably downsized.

Cyprus: Freezing Orders Against Non-Cause Of Action Defendants - Andreas Neocleous & Co LLC

Wed, 15 May 2013 00:00:00 GMT

The Courts of Justice Law 1960 gives the courts in Cyprus discretion to issue a wide variety of provisional measures.

Bermuda: Q&A With Brad Adderley - Appleby

Mon, 13 May 2013 12:57:15 GMT

New market entrants, the return of traditional market players, and changing regulations once again have the world's insurance providers' eyes set on Bermuda.

Bahamas: Changes To Private Trust Company Regime - Higgs & Johnson

Mon, 13 May 2013 10:59:47 GMT

A discussion on the changes brought in by the Banks and Trust Companies Regulations, which introduced a light touch regulatory regime for private trust companies in The Bahamas.

Bahamas: The Bahamian Smart Fund Product - Higgs & Johnson

Mon, 13 May 2013 10:15:49 GMT

The Bahamian "SMART" Fund represents a flexible yet regulated investment fund product.

Bahamas: Cross-Border Insolvency In The Cayman Islands: Picard -V- Primeo - Higgs & Johnson

Mon, 13 May 2013 10:07:35 GMT

A discussion on a recent decision of the Grand Court of the Cayman Islands, which offers helpful guidance in respect of the remedies open to an office-holder appointed in respect of an insolvent foreign company who wishes to bring insolvency claims in the Cayman Islands.

Bermuda: A Deed Is Preferable When Establishing A Right Of Way - Appleby

Mon, 13 May 2013 09:28:25 GMT

A right of way is an entitlement to travel across a route regardless of land ownership and is generally one of movement.

United States: Wealth Management Update - May 2013 - Proskauer Rose LLP

Thu, 09 May 2013 12:12:30 GMT

As part of our ongoing efforts to keep wealth management professionals informed of recent developments related to our practice area, we have summarized below some items we think would be of interest.

Cayman Islands: Voluntary Liquidation Process In The Cayman Islands – A Step Plan - MG Management Ltd.

Thu, 09 May 2013 09:45:00 GMT

The voluntary liquidation process in the Cayman Islands is straight forward and definitive as a Cayman Islands company that has underwent a voluntary liquidation ceases any future claims by creditors against the company.

Cayman Islands: New Regulatory Chiefs In UK And US: Implications For Cayman - Appleby

Wed, 08 May 2013 12:34:05 GMT

On 1st April the new UK "Twin Peaks" regulatory regime was launched. The much criticised FSA was replaced with the Financial Conduct Authority ("FCA") and the Prudential Regulatory Authority ("PRA"). Martin Wheatley, the FCA’s chief executive has publicly criticised the approach of the former FSA as "robotic" and a more challenging UK regulatory climate is widely anticipated.

Switzerland: FATCA Implementation In Switzerland – A General Overview - Froriep Renggli

Wed, 08 May 2013 12:30:18 GMT

On 18 March 2010, the U.S. Hiring Incentives to Restore Employment Act of 2010 (known as the Hire Act) amended the U.S. Internal Revenue Code of 1986.

Italy: 4 Ways Italians Can Save Money By The "Improvident Tax Demand" - Giambrone Law ILP

Tue, 07 May 2013 14:46:18 GMT

It will come as pleasant news to those Italians burdened by economic woes that authorities like Equitalia and Serit are not entirely exempt from mistakes when issuing tax demands.

British Virgin Islands: Segregated Portfolio Companies - Harneys

Sun, 05 May 2013 09:00:35 GMT

Any Cayman Islands exempted company, including those to be established as funds, may be registered as a segregated portfolio company.

British Virgin Islands: Dispositions Of Assets By A BVI Company - Harneys

Sun, 05 May 2013 09:00:35 GMT

An overview of the disposition of assets by a BVI company under section 175 of the BVI Business Companies Act.

British Virgin Islands: The British Virgin Islands And Investment Funds - Harneys

Sun, 05 May 2013 09:00:35 GMT

An overview of the various investment fund vehicles available in the British Virgin Islands.

Cayman Islands: United Front At Offshore Alert - Cayman Finance

Fri, 03 May 2013 00:00:00 GMT

The Miami-based Offshore Alert Conference has become a regular draw for representatives of Cayman’s financial services industry in recent years, and this year’s event is no exception with the Cayman Islands lending strong support through the provision of speakers from both the financial services industry and Government’s Ministry for Financial Services.

Luxembourg: Luxembourg’s AIFM Directive Transposition Law Awaits Scrutiny By Parliament - Chevalier & Sciales

Thu, 02 May 2013 17:04:04 GMT

The draft legislation transposing the European Union’s Alternative Investment Fund Managers Directive into Luxembourg law was submitted to the grand duchy’s Chamber of Deputies by finance minister Luc Frieden on August 24.

British Virgin Islands: Cayman Islands Commended By The OECD In Latest Peer Review Report - Harneys

Thu, 02 May 2013 09:01:23 GMT

The Organisation for Economic Co-operation and Development recently published a report in which the Cayman Islands was commended for the "streamlined, efficient and responsive procedures it has is in place to facilitate the exchange of information for tax purposes".

Jersey: Visit Of Jersey Government And Business Delegation Will Strengthen And Broaden Ties With UAE - Jersey Finance Limited

Thu, 02 May 2013 09:01:23 GMT

A delegation from Jersey, led by its Chief Minister and including senior government and industry figures, is visiting the UAE this week to strengthen and broaden its relationships with the country and the wider region.

Guernsey: Guernsey: A Flexible Approach To Fund And Corporate Services - Carey Group

Wed, 01 May 2013 14:44:10 GMT

£274 billion! That’s the net asset value of funds under management in Guernsey according to data released recently by Guernsey’s Financial Services Commission.

Guernsey: Guernsey Signs DTA With Hong Kong - GuernseyFinance

Wed, 01 May 2013 00:00:00 GMT

Guernsey has signed a Double Taxation Arrangement (DTA) with Hong Kong.

Guernsey: Moving Foundations - A Guide To Migrating Existing Foundations To Guernsey - GuernseyFinance

Wed, 01 May 2013 00:00:00 GMT

Migration is effected by application to the Guernsey Registrar of Foundations (the "Registrar") and therefore no court application is required, which enables a streamlined process for migrations.

British Virgin Islands: Directors’ And Officers’ Liability In The British Virgin Islands - Harneys

Tue, 30 Apr 2013 15:58:35 GMT

The British Virgin Islands, known affectionately as the ‘BVI’, is the world’s pre-eminent offshore jurisdiction for company incorporations.

Guernsey: Guernsey Extols The Benefits Of Island Life - GuernseyFinance

Tue, 30 Apr 2013 00:00:00 GMT

Although it boasts a thriving private equity industry, Guernsey must lessen its dependence on UK-sourced business and diversify into other areas if it is to prosper, writes Yuri Bender of PWM.