Mondaq Offshore: Wealth Management
The Alternative Investment Fund Managers Directive is due to be implemented across Europe by 22 July 2013.
The Bribery Act 2012 received Royal Assent on 21 May 2013 and is largely based on the Bribery Act 2010 which came into force on 1 July 2011.
On 2 November 2012 the Trusts Law came into force, making a number of changes to the Trusts Law 1984.
A discussion on the duties of executors and administrators.
The Supreme Court of England and Wales recently handed down its judgment in the jointly heard appeals of Futter v HMRC and Pitt v HMRC [2013] UKSC 26.
Over its ten years Cayman Finance has grown to be a formidable voice of the Islands both locally and internationally.
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.
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.
Cayman Finance, which represents much of the financial community in the Cayman Islands submitted a letter on May 22nd highlighting massive inaccuracies in an article by Sir Simon Jenkins.
The Guernsey Financial Services Commission, the Island's financial services regulator, issued Guernsey's domestic Alternative Investment Fund Managers Directive marketing rules, together with a notification form, and have confirmed they are able to accept applications prior to 22 July 2013.
Why did Guernsey bring this civil law concept onto its statute books?
Following on from our recent article on the Companies Act 2011, the Companies Act 2012 further demonstrates the Isle of Man’s commitment to seeking transparency in the ownership of companies.
One of the fundamental principles of company law is that a lawfully incorporated company has a legal personality and identity that is separate from its directors or shareholders.
With the Companies Bill 2013, which plans to consolidate and update the Isle of Man Companies Acts 1931- 2004 and a proposed new Insolvency Bill in the offing, the time is ripe for reform of the Isle of Man corporate insolvency test, found at section 163(1) of the 1931.
The Companies and Business Names etc Bill 2012 has recently received its third reading in the Legislative Council.
As the private client industry in Jersey seeks to attract clients from the emerging jurisdictions it is likely to become increasingly involved with putting in place succession planning and asset protection structures that relate to family businesses.
The Mutual Funds and Hedge Fund Act, 1998 was brought into law in the Seychelles with a view to creating an investment fund regime that is designed to be both relatively "light touch" in its regulation at the same time as protecting the interests of investors depending on their level of market experience.
The June § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.2%, which is a slight decrease from April's rate of 1.4% but remains the same as May's rate of 1.2%.
Most Popular Recent Articles
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.
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.
A discussion on the impact of the America’s FATCA regulations for trustees.
What is The Foreign Account Tax Compliance Act (FATCA)?
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.
Statistics published by the Cayman
Islands Monetary Authority show that the Cayman jurisdiction
remains the preferred jurisdiction for managers looking to
establish offshore alternative investment funds.
We have set out below a short summary relating to the incorporation of an exempted company in the Cayman Islands along with a list of benefits and requirements.
The board of directors play a central role in any offshore hedge fund.
The Luxembourg legislation introduces changes designed to make the grand duchy significantly more attractive as jurisdiction for the management and structuring of private equity, venture capital and real estate fund vehicles.
