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Private Client & Offshore Services

21 January 2021
Wendawn Miller-Frazer CESRA: economic substance reporting deadline extension

Bahamas - Lennox Paton

The Commercial Entities Substance Requirements Act (CESRA) 2018 requires all legal entities registered in The Bahamas to comply with economic substance reporting by submitting an annual filing to the minister of finance. Economic substance reporting under CESRA must be completed within nine months of the entity's fiscal year end; however, due to the COVID-19 pandemic, the deadline in respect of reporting for 2019 has been extended to 31 January 2021.

Author: Wendawn Miller-Frazer
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Anthony Partridge A jurisdiction of choice for Canadian HNWIs

Cayman Islands - Ogier

Canada is a thriving market for Cayman private wealth services, with the Cayman Islands' full package of wealth structuring and lifestyle factors attracting growing numbers of high-value residents from the north. With direct flights from Toronto, the Cayman Islands are historically known to be a first-class destination for Canadian high-net-worth individuals, who have some familiarity with the Cayman Islands as a British overseas territory and fellow member of the British Commonwealth.

Author: Anthony Partridge
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James Campbell An ideal location in uncertain times for family offices

Jersey - Ogier

The COVID-19 pandemic has raised immediate issues for many wealthy families, notably around tax residency and immigration, but on the flip side it has given wealthy families the opportunity to take stock and consider how they want to be structured and, fundamentally, where they want their family office to be located. This article considers the features which make Jersey attractive for family offices.

Authors: James Campbell, Jonathan Hughes
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Recent updates

Pedro Cortés Draft law on tax benefits for activities dedicated to scientific and technological innovation

Macau - Rato, Ling, Lei & Cortés Advogados

Authors: Pedro Cortés, Calvin Tinlop Chui
Helen Ruelle First COVID-19-related employment tribunal judgment

Jersey - Ogier

Authors: Helen Ruelle, Will Austin-Vautier, Laura Shirreffs, Rachel DeSanges
William Jones Snapshot: getting your foreign judgment recognised and enforced

Cayman Islands - Ogier

Authors: William Jones, Deborah Barker Roye, Jeremy Snead
Mathew Newman Not just a rubber stamp: principles for liquidators to get decisions blessed by Royal Court

Guernsey - Ogier

Author: Mathew Newman
Aditya Mehta Supreme Court clarifies law on maintenance

India - Cyril Amarchand Mangaldas

Authors: Aditya Mehta, Manasvi Nandu, Tanya Singh
Catharine Bell Family governance – enforceability and sustainability in private wealth structures

International - Forsters LLP

Authors: Catharine Bell, Charlotte Evans-Tipping
Jennie Cherry Estate and gift tax situs of assets – basic rules

USA - Kozusko Harris Duncan

Authors: Jennie Cherry, Pamela Goldfarb, Rashad Wareh
Robert Payne Anti-money laundering rules: impact on art market

United Kingdom - Forsters LLP

Authors: Robert Payne, Rebecca Welman