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Private Client & Offshore Services

26 March 2020
Michael Hanson Employment law guide: responding to COVID-19

Bermuda - Carey Olsen Bermuda

The coronavirus (COVID-19) was recently declared a Public Health Emergency of International Concern by the World Health Organisation. The situation continues to develop rapidly. Given the transient nature of the Bermuda workforce, Bermuda-based employers should consider taking steps now to manage risks both proportionately and sensibly. This article provides guidance to help Bermuda employers address some of the key queries and concerns.

Authors: Michael Hanson, Cheri Minors, Jay Webster
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Mary V Ward COVID-19 company update

Bermuda - Carey Olsen Bermuda

The Bermuda Registrar of Companies and the Bermuda Monetary Authority (BMA) recently issued information on the steps that they have taken to protect the public and ensure the continuity of business in Bermuda as it responds to the coronavirus. The registrar has implemented contingency measures to protect staff and members of the public, while the BMA has activated its business continuity plan and implemented social distancing protocols and remote working options for all external meetings.

Authors: Mary V Ward, Gavin Woods, Michael Frith
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Sophie Warburton Observations about linked property transactions under Stamp Duty Law

Cayman Islands - Ogier

In late 2018 the Stamp Duty Law (Revised) was amended in order to eliminate the growing practice of reducing stamp duty due to the government by means of linked property transactions (LPTs). Essentially, the reason for introducing the LPT provisions was to ensure that stamp duty is calculated on the total value of the raw land and the dwelling constructed on that land in the case of an LPT where a development scheme links the purchase of the raw land with the subsequent construction of a dwelling.

Author: Sophie Warburton
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Damian Evans Rusnano Capital AG decision

Guernsey - Ogier

In a recent case, the Guernsey Court of Appeal upheld the deputy bailiff's interpretation of Section 53(3) of the Trusts (Guernsey) Law 2007 that a sole beneficiary can use that section of the law to terminate a discretionary trust even if the trust instrument contains a power to add further beneficiaries.

Authors: Damian Evans, Mathew Newman, Bryan De Verneuil-Smith
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Helen Ruelle Five steps to avoid insider fraud

Jersey - Ogier

Insider fraud is a problem that persists at all levels of society, irrespective of whether the entity has commercial or altruistic motives. This begs the question of what internal controls and procedures employers in any sector can implement to reduce the risk of insider fraud. This article outlines five steps which could significantly reduce the risk for businesses of any size or type.

Authors: Helen Ruelle, Rachel Richardson, Charlotte Ward
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Recent updates

Niamh Lalor Jersey investment funds – regulatory options

Jersey - Ogier

Authors: Niamh Lalor, Emily Haithwaite, Tatiana Collins, Alexandra O'Grady
Gavin Woods Implementation of Cape Town Convention in Bermuda

Bermuda - Carey Olsen Bermuda

Author: Gavin Woods
Rishabh Shroff Federal budget 2020-21: impact on Indian promoters

India - Cyril Amarchand Mangaldas

Authors: Rishabh Shroff, Varsha Reddy
Helen Ruelle COVID-19: considerations for employers in Channel Islands

International - Ogier

Authors: Helen Ruelle, Rachel Richardson, Will Austin-Vautier, Kate Morel
Jennifer Fox Cryptoassets as property: litigators' tools to assist in their tracing and recovery

Cayman Islands - Ogier

Authors: Jennifer Fox, Deborah Barker Roye
Eamon Harrison Courtenay International arbitration: outlook

Belize - Courtenay Coye LLP

Authors: Eamon Harrison Courtenay, Stacey N Castillo
Sandrine Giroud Swiss free ports: still a safe house for private clients' trophy assets?

Switzerland - LALIVE

Authors: Sandrine Giroud, Tatiana Jullier
Margarita Sofokleous Benefits of Cyprus international trust regime

Cyprus - A G Paphitis & Co

Author: Margarita Sofokleous