Banking and Finance
This Mourant Ozannes briefing rounds up all the key developments and trends in the financial services and regulatory sector in Jersey, with a spotlight feature on themes in regulatory enforcement. Other subjects in focus include civil penalties and changes to anti-money laundering legislation.
Law Firm: Mourant Ozannes | Published: 21 May 2015 | Practice Area: Regulation and Compliance
This Macfarlanes briefing provides an update on recent legal developments that are likely to have an impact on private clients, as well as guides to help navigate legal issues that may arise in day-to-day life. Subjects covered include the Budget, the dangers of intestacy, and charitable donations.
Law Firm: Macfarlanes | Published: 21 May 2015 | Practice Area: Private Client
December's Autumn Statement provoked considerable concern in the real estate investment funds industry, and last month's Finance Act did indeed introduce new rules on sums arising to fund managers after 6 April 2015. This Nabarro briefing looks at who will be affected and how.
Law Firm: Nabarro | Published: 20 May 2015 | Practice Area: Collective Investment Schemes
The UK's introduction of the diverted profits tax has dismayed tax practitioners and their multinational clients. After a decade of reforms positive for global business, has the DPT created a cloud of uncertainty? This article looks at the legislation and its impact on the UK business environment.
Law Firm: DLA Piper | Published: 20 May 2015 | Practice Area: Enforcement and Regulation
The cost of unethical behaviour has never been higher. This report, which is based on the results of a survey of 3,800 respondents across 38 countries, highlights the significant risk of individuals acting unethically and the fact that many businesses are failing to mitigate these risks effectively.
Law Firm: EY | Published: 15 May 2015 | Practice Area: Financial Crime and Fraud
On 30 March, a new section relating to trustees’ obligations to maintain trust records was inserted into the British Virgin Islands Trustee Ordinance. The sanctions for non-compliance are punitive and consequently trustees should be eager to ensure full adherence, as Harneys explains.
Law Firm: Harneys | Published: 15 May 2015 | Practice Area: Succession Planning and Trusts
The Court of Appeal has handed down its judgment in respect of various disputes concerning the treatment of surplus assets, once the unsecured creditors of Lehman Brothers International (Europe) have been repaid. The complex judgment covered unprecedented legal issues, as Linklaters reports.
Law Firm: Linklaters | Published: 15 May 2015 | Practice Area: Litigation
Hybrid US/European restructurings can lead to unexpected commercial outcomes because of different practices in intercreditor agreements. This article discusses modifications to US-style intercreditor agreements that would be desirable if European loan parties are involved as borrowers or guarantors.
Law Firm: Latham & Watkins | Published: 14 May 2015 | Practice Area: Cross Border
In this briefing, Mourant Ozannes reports on a judgment which provides welcome clarity as to the approach to be taken vis-a-vis allegations of fraud which engage Article 57(1)(a) of the Trusts (Jersey) Law 1984.
Law Firm: Mourant Ozannes | Published: 14 May 2015 | Practice Area: Litigation
Can third party litigation funding provide access to justice and put claimants in a stronger bargaining position? Are worries about loss of case control and regulation exaggerated? This report examines the rise and popularity of litigation funding, and what this means for the legal market.
Law Firm: Vannin Capital | Published: 14 May 2015 | Practice Area: Litigation
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