Private Client & Offshore Services updates

Cayman Islands

Contributed by Ogier
Avenues of redress for stakeholders in Cayman-incorporated companies facing excesses of majority shareholders
  • Cayman Islands
  • 22 April 2021

Against the backdrop of differing economies, laws and regulations throughout Asia, choosing to incorporate Cayman entities into holding and investment structures allows international stakeholders to cooperate under the aegis of a stable and effective judicial system. Through its court system, the Cayman Islands can provide the investment community with impartial, established and highly regarded judicial resources dedicated to resolving complex commercial disputes.


Guernsey

Contributed by Ogier
Regulatory investigations: overview
  • Guernsey
  • 22 April 2021

The Guernsey Financial Services Commission (GFSC) routinely visits Guernsey licensees to check on their compliance with the local regulatory law, regulations and rules. The GFSC will examine and may identify deficiencies in a regulated licensee's corporate governance, management or internal controls. In those circumstances, the GFSC will require the licensee to carry out remediation work to address any contraventions or misconduct to ensure that the entity is returned to full compliance as soon as possible.


Jersey

Contributed by Ogier
Proposed annual leave increase and daily rest breaks for employees
  • Jersey
  • 22 April 2021

From January 2022, additional employment rights are expected to be introduced for employees in Jersey. The proposals would require employers to provide at least three weeks' paid annual leave and a 15-minute rest break in any work period of six hours or more. Jersey's Employment Forum presented a report to the social security minister following public consultation in late 2019 and early 2020, which made a number of recommendations.


Macau

Contributed by Rato, Ling, Lei & Cortés Advogados
Provision and distribution of financial products to professional investors
  • Macau
  • 22 April 2021

The Monetary Authority of Macao has been aligning its activity with the development of the financial markets and products in the Macau Special Administrative Region (MSAR) and recently issued a circular regarding the provision and distribution of financial products to professional investors. As professional investors are generally viewed as a catalyst or pillar of an efficient financial market, this circular aims to further develop a more sophisticated regulatory environment in the MSAR.


United Kingdom

Contributed by Forsters LLP
How to protect the 'bank of mum and dad' when your child is cohabiting
  • United Kingdom
  • 22 April 2021

Unmarried, cohabiting couples are the fastest-growing type of family, with an increase of more than 25% in the past decade. As house prices continue to rise faster than average incomes, many young people are turning to the 'bank of mum and dad' to help with their first property purchase. While such scenarios are increasingly common, they give rise to a number of legal issues.


Current search

Refine search

Jurisdiction

Firm