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Private Client & Offshore Services

24 September 2020
Jeremy Snead Cayman injunctions in aid of foreign proceedings

Cayman Islands - Ogier

Where a potential judgment debtor in onshore proceedings threatens to dissipate its assets, the plaintiff may face a pyrrhic victory with no assets against which to enforce its judgment. Where the defendant is a Cayman company or has assets in the Cayman Islands, the Cayman court has statutory jurisdiction to grant a freezing injunction in aid of those foreign proceedings, which can extend to the worldwide assets of the defendant.

Authors: Jeremy Snead, Marc Kish, Victoria King
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Simon Davies Guernsey injunctions in aid of foreign proceedings

Guernsey - Ogier

Where a potential judgment debtor in onshore proceedings threatens to dissipate its assets, the plaintiff may face a pyrrhic victory with no assets against which to enforce its judgment. Where the defendant is a Guernsey company or has assets in Guernsey, the Royal Court has statutory jurisdiction to grant an injunction in aid of those foreign proceedings, including freezing injunctions to prevent defendants dealing with the relevant assets in Guernsey.

Authors: Simon Davies, Sandie Lyne, Kellie Sherwill
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S R Patnaik Primacy of family settlements upheld

India - Cyril Amarchand Mangaldas

Family settlements and the documents relating thereto have been the subject of litigation for various reasons. One such litigious issue is whether the documents pertaining to family settlements must be registered under the Registration Act. In a recent case, the Supreme Court held that a memorandum of family settlement, which merely records the terms of a family settlement already acted on by the concerned parties, need not be registered.

Authors: S R Patnaik, Akshara Shukla, Nikhil Agarwal
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Emily Haithwaite Jersey expert funds

Jersey - Ogier

Jersey expert funds were introduced to enhance Jersey's attractiveness as a jurisdiction for the establishment of funds aimed at institutional and high-net-worth investors. Expert funds can be established within a matter of days on the basis of a self-certification approach without any formal regulatory review of the fund or its promoter. There are currently more than 400 authorised expert funds.

Authors: Emily Haithwaite, Niamh Lalor, Sophie Reguengo, Joanna Christensen
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Recent updates

Radhika Gaggar The estate and succession planning consideration that (almost) no one discusses

India - Cyril Amarchand Mangaldas

Authors: Radhika Gaggar, Shaishavi Kadakia
Bradley Kruger CIMA releases updated Rule and Statement of Guidance – Cybersecurity for Regulated Entities

Cayman Islands - Ogier

Authors: Bradley Kruger, Louise Mulè
Jonathan Hughes Recognition of UK insolvency practitioners in Jersey

Jersey - Ogier

Authors: Jonathan Hughes, Damian Evans, Helen Ruelle
Fiona Smith New online verification service for lasting powers of attorney

United Kingdom - Forsters LLP

Authors: Fiona Smith, Michael Armstrong, Nicole Aubin-Parvu
Craig Cordle Resilience and sustainability in a changed environment

Guernsey - Ogier

Author: Craig Cordle
Severiano E Ortiz US individuals investing in foreign companies should consider a Section 962 election to reduce the GILTI tax burden

USA - Kozusko Harris Duncan

Authors: Severiano E Ortiz, Jennie Cherry, Alexander Lewis
Anwar Mitchell Guide to purchasing property in The Bahamas

Bahamas - Lennox Paton

Author: Anwar Mitchell

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