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Private Client & Offshore Services

15 April 2021
Jennifer Fox Snapshot: notification injunctions

Cayman Islands - Ogier

A notification injunction is an alternative to the conventional freezing order that is available where there is concern that a respondent may deal with their assets so as to frustrate the enforcement of any future judgment. This new breed of quia timet 'notification' injunction is to be welcomed: it represents a further weapon in the Cayman court's arsenal to assist litigants, particularly in fraud and asset tracing cases, to prevent the frustration of judgments.

Authors: Jennifer Fox, Oliver Green, Anna Snead
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Alex Horsbrugh-Porter Director disqualification: 12-year disqualification penalty imposed

Guernsey - Ogier

When considering the penalties imposed on directors of Guernsey companies for misconduct or breaches of the Companies (Guernsey) Law 2008, arguably the most serious penalty which can be imposed is a disqualification order. Such an order can, at its highest, be career ending for a director, with the maximum period of disqualification being 15 years. This article examines a recent decision in which the Royal Court imposed a disqualification period of 12 years.

Authors: Alex Horsbrugh-Porter, Michael Rogers
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Daniel Maine Trust company's £550,000 fine demonstrates importance of effective and consistent AML procedures

Jersey - Ogier

The Royal Court recently imposed a hefty £550,000 fine on a firm for failing to ensure that, in practice, its anti-money laundering (AML) policies and procedures were being applied effectively and consistently. Notably, the Royal Court was not deterred from imposing a fine by the fact that the failings related to only one client structure. Firms must therefore ensure that their AML controls are being applied effectively across their entire business – for, as this judgment shows, the cost of failing to do so can be high.

Author: Daniel Maine
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Recent updates

Sandie Lyne Snapshot: 'momentous decision' applications by trustees

Guernsey - Ogier

Authors: Sandie Lyne, Mathew Newman, Tehya Morgan
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Jersey - Ogier

Authors: Sally Edwards, Stephen Lord
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Cayman Islands - Ogier

Author: Dave Sherwin
International Law Office Tell us what you think and you could win a £100 Mastercard voucher

International - International Law Office

Author: International Law Office
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India - Cyril Amarchand Mangaldas

Authors: Rishabh Shroff, Kunal Savani, Preyanka Prabhakar
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United Kingdom - Forsters LLP

Authors: Elizabeth Small, Oliver Claridge, Nicole Aubin-Parvu
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Bahamas - Lennox Paton

Author: Ramonne Gardiner
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Belize - Courtenay Coye LLP

Author: Eamon Harrison Courtenay

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