Mondaq Offshore: All Topics
A discussion following the Press Release from the European Securities and Markets Authority dated 30 May 2013.
Forever burdened with the journalists’ penchant to pick on Russia but embrace the other BRICS, Russians do what they always have done: persevere.
Editor, Patrick Gruhn discusses the impact of the current world financial crisis on the Alternative Investment fund Industry with Julian Stockley- Smith, Joint CEO of Geneva based JP Fund Services SA.
It will come as no surprise to market participants that there has been increased worldwide demand for better, more conflict-‐free corporate governance of investment funds.
There are a number of critical decisions an investment manager is faced with when launching a hedge fund. These include cost, regulation, governance and compliance.
The pressure for investment managers to get things right from day one is immense. According to Julian Stockley-Smith, a Director of JP Fund Foundations, investors are now much more inclined to seek professional and independent oversight when assessing prospective funds
The Cayman Islands developed into the leading offshore jurisdiction for hedge funds because of its regulatory regime and the quality and expertise of the local administrative, accounting and legal professionals who live and work on the island.
There are a number of critical decisions an investment manager is faced with when launching a hedge fund.
Despite independent reports on the financial crisis, including the EU’s own De Larosiere Report, absolving hedge funds of any blame in the recent financial crisis, the European Commission has still pushed through the Alternative Investment Fund Managers (AIFM) Directive.
Phil Griffiths of JP Fund Administration (Cayman) explains the considerations to keep in mind when establishing a fund in the Latam region.
The Ukrainian government recently submitted a draft law to the Ukrainian parliament to ratify the new double tax agreement and Protocol between Cyprus and Ukraine, which was signed on 8 November 2012.
The Personal Insolvency Act, 2012, which was signed into law on 26 December 2012, represents a fundamental overhaul of the personal insolvency regime in Ireland.
The European alternative investment funds industry is dealing with what is perhaps the most fundamental change in its history as it now comes to terms with the significant implications and potential opportunities offered by the EU Directive 2011/61/EU on Alternative Investment Fund Managers (the "Directive" or "AIFMD").
In a decision that will impact on both trustees and beneficiaries, the Supreme Court of England and Wales has given its judgment in the combined cases of Pitt v Holt and Futter v Futter, resolving debate about the rule in re Hastings-Bass and the doctrine of mistake.
This memorandum is based on a study prepared by Mr Jacques Elvinger and Mr Marc Elvinger within the framework of the "Luxembourg Round Table on Microfinance" at the request of ATTF, with the support of the Luxembourg Ministry of Finance.
Ensuring that Malta remains a leader in the pack when it comes to the Digital Economy takes more than just developing attractive corporate and tax related incentives or establishing the right structures to produce sufficient human capital that investors opting for Malta would require.
The growth of international businesses in Dubai has made it a major commercial hub for global institutions and companies.
In order perform as a trader of commodities in the UAE the company needs to carry out the necessary procedures to obtain a membership from the Dubai Gold and Commodities Exchange.
Matters of inheritance in Dubai continue to be governed by the 1985 Civil Code and the 2005 Personal Affairs Law.
Throughout March and April 2013, the KSA Ministry of Labour launched a series of surprise labour inspections designed to root out unlawful working in the Kingdom.
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Employment relationships in the United Arab Emirates are governed by Federal Law No.8 of 1980 Regulating Labour Relations as amended by Federal Laws No.24 of 1981, No.15 of 1985 and No.12 of 1986 (the Labour Law).
A discussion on the EU Regulation on OTC Derivatives, Central Counterparties and Trade Repositories which was adopted on 4 July 2012 and entered into force on 16 August 2012.
It is mandatory for an expatriate employee to sign a labour contract in the format stipulated by the Ministry of Labour prior to commencing employment.
In accordance with its agreement with its international lenders, Cyprus has made a number of changes to tax rates.
A considerable part of Dmitry Rybolovlev's fortune in Cyprus, in the form of deposits at the BoC and an investment of 500 million euro in shares, has been lost.
Following an evaluation of Hong Kong in 2008, the Financial Action Task Force ("FATF")1 identified the following deficiencies in the Hong Kong anti-money laundering ("AML") and counter-terrorist financing ("CTF") regime
One of the most debated issues in an employment agreement is the legality of restrictive covenant provisions, such as a non-compete clause which prevents employees from working for a competitor upon termination of their employment agreement.
As the name implies, end of service gratuity is an amount of money that every employee is entitled to receive, and every employer is liable to pay, upon termination of an employment relationship in the UAE, provided that the employee meets the conditions set out in the Labour Law (UAE Federal Law No.8 of 1980).
Gross negligence is a civil law concept that has been imported into the common law.
The following essay discusses briefly the important aspects of Labour Law in the UAE.
