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Private Client & Offshore Services

25 February 2021
Marc Kish Key trends in offshore dispute resolution

Cayman Islands - Ogier

This article looks at key trends in offshore dispute resolution, including the major developments in the Cayman market in 2020 and how the COVID-19 pandemic has affected court timetables for disputes work. It also looks at opportunities in the market around assets which have been devalued as a result of the COVID-19-induced economic downturn.

Author: Marc Kish
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Victoria Grogan Registering a foreign power of attorney

Jersey - Ogier

If a person holds assets in Jersey, they may wish to appoint someone who can manage those assets in the event that they should lose capacity to such an extent that they can no longer do this themselves. At present, there is no facility for such individual to put a local Jersey lasting power of attorney in place to cover their Jersey-based assets. Instead, the Royal Court will recognise the foreign power of attorney, provided that power of attorney is registered with the court.

Authors: Victoria Grogan, Fiona Lilleyman
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Heather Corben Directors' role in ensuring that overseas companies are and remain non-UK resident for tax purposes

United Kingdom - Forsters LLP

Directors of non-UK-incorporated, non-UK tax resident companies which have some connection with the United Kingdom have an important role in ensuring that the company in question does not become UK tax resident. The Court of Appeal recently held that a Jersey-incorporated company with a majority of Jersey-based directors was UK resident. Although the facts of the case were unusual, the judgment provides some useful pointers as to what went wrong for the company and how it could have done better.

Author: Heather Corben
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Recent updates

Sophie Reguengo Impact of COVID-19 pandemic on fund manager substance arrangements

Jersey - Ogier

Author: Sophie Reguengo
Elizabeth Small VAT: cross-border supplies post-Brexit

United Kingdom - Forsters LLP

Author: Elizabeth Small
Fraser Allister Temporary legislation for remote witnessing of signatures

Cayman Islands - Ogier

Authors: Fraser Allister, Samantha Conolly
Bryan De Verneuil-Smith Snapshot: pre-action disclosure

Guernsey - Ogier

Author: Bryan De Verneuil-Smith
Pedro Cortés Role of digital yuan in gaming industry

Macau - Rato, Ling, Lei & Cortés Advogados

Authors: Pedro Cortés, Luís Machado
Jennie Cherry Overview (January 2021)

USA - Kozusko Harris Duncan

Authors: Jennie Cherry, Gordon P Stone III