One of the first questions that founders of startup companies need to consider is where to incorporate their company, and more than one million companies have been formed in the British Virgin Islands (BVI) The BVI appeals to investors for a number of reasons, as this briefing explains.
Law Firm: Carey Olsen | Published: 26 November 2015 | Practice Area: Company Administration
This briefing looks at a recent prosecution under the Proceeds of Crime (Jersey) Law 1999 which caused considerable concern across the Channel Islands for all those involved in the regulatory and compliance industry, focusing on the lessons that can be learned from this example.
Law Firm: Carey Olsen | Published: 20 November 2015 | Practice Area: Financial Services Regulation
The BVI is a popular jurisdiction for the establishment of trusts, but there are few reported decisions from the BVI courts on trust law. However, the Eastern Caribbean Court of Appeal has brought the BVI back into line with other offshore trust jurisdictions in this area, as this briefing explains.
Law Firm: Carey Olsen | Published: 17 November 2015 | Practice Area: Succession Planning and Trusts
A recent unreported decision has demonstrated the Jersey Royal Court's willingness to make disclosure orders not only to police post-judgment freezing orders but also to ensure that judgment creditors have all the information they need to enforce their judgments worldwide.
Law Firm: Carey Olsen | Published: 12 November 2015 | Practice Area: Litigation and Dispute Resolution
After the Court of Justice of the EU invalidated the Safe Harbour agreement as a means of legitimising personal data transfers between the EU and the US, businesses have been forced to consider alternative means to ensure they continue to operate lawfully in this area, as this briefing explains.
Law Firm: Carey Olsen | Published: 05 November 2015 | Practice Area: Data Protection and Privacy
In an important recent judgment, the Royal Court of Jersey has provided guidance to trustees and other holders of fiduciary powers in relation to the exercise of powers when a trust is considered to be 'insolvent'.
Law Firm: Carey Olsen | Published: 29 October 2015 | Practice Area: Succession Planning and Trusts
It is not essential for you to have a separate will to cover your Channel Island assets, especially if you already have a validly executed will which covers your entire estate including Jersey and Guernsey and is validly executed. However, there are benefits to having a separate Channel Islands will...view abstract
Law Firm: Carey Olsen | Published: 23 October 2015 | Practice Area: Wills and Probate
The Court of Justice of the EU has declared the EU-US Safe Harbour Agreement to be invalid as a mechanism to legitimise personal data transfers from the EU to the US. The decision affects all businesses moving employee, customer and personal data between the EU and the US, as this briefing explains.
Law Firm: Carey Olsen | Published: 16 October 2015 | Practice Area: Data Protection and Privacy
The BVI Business Companies Act and the Mutual Legal Assistance (Tax Matters) Amendment Act 2003 (as amended) set out a number of ongoing obligations with which all companies incorporated in the BVI must comply. This briefing sents out the consequences of failure to comply with these obligations.
Law Firm: Carey Olsen | Published: 09 October 2015 | Practice Area: Company Administration
This briefing looks at the legal standing of wills in Jersey, including the pitfalls to beware of
Law Firm: Carey Olsen | Published: 29 September 2015 | Practice Area: Inheritance Tax
8-10 Throgmorton Avenue