This Carey Olsen briefing looks at the key issues around probate and estate planning administration for non-Guernsey domiciliaries, including document requirements, why domicile is so important, the definition of executor/administrator and more.
Law Firm: Carey Olsen | Published: 26 September 2014 | Practice Area: Family Law
Guernsey is an independent legal jurisdiction for estate administration purposes. When a person dies leaving assets in Guernsey, it is likely their personal representative will need to obtain a Guernsey Grant of Probate or Administration to receive the Guernsey assets, as Carey Olsen explains.
Law Firm: Carey Olsen | Published: 22 September 2014 | Practice Area: Succession Planning and Trusts
Guernsey has published regulations to implement and enable the administration and enforcement under Guernsey domestic law of the intergovernmental agreements entered into with the UK and the US. The regulations will be of direct interest to financial institutions that are resident in Guernsey.
Law Firm: Carey Olsen | Published: 16 September 2014 | Practice Area: Regulation and Compliance
The Court of Appeal of Guernsey has overturned the decision of the Royal Court of Guernsey holding the Guernsey-based former trustees of a Jersey law trust personally liable to repay debts amounting to £183m plus interest. Carey Olsen takes a detailed look at the case and its implications.
Law Firm: Carey Olsen | Published: 04 September 2014 | Practice Area: Succession Planning and Trusts
This Carey Olsen briefing rounds up legal developments of interest in the Cayman Islands in recent months, covering subjects including the Directors Registration and Licensing Law 2014, which came into force on 4 June, and the Exempted Limited Partnership Law 2014, which came into force on 2 July.
Law Firm: Carey Olsen | Published: 03 September 2014 | Practice Area: Directors
In a move believed to be the first of its kind, Carey Olsen has helped a client to form a Guernsey LLP to act as general partner of a UK limited partnership for the purpose of ensuring that the UK limited partnership was not subject to the UK Partnership Accounts Regulations 2008.
Law Firm: Carey Olsen | Published: 01 September 2014 | Practice Area: Partnerships and LLPs
A Guernsey incorporated cell company (ICC) is a company which has the power to establish incorporated cells as part of its corporate structure. This briefing describes an ICC's key features and summarises the formation, structure and liquidation procedures particular to this type of company.
Law Firm: Carey Olsen | Published: 19 August 2014 | Practice Area: Company Administration
This Carey Olsen briefing describes the key features of a protected cell company and summarises the formation, structure and the liquidation procedures particular to this type of company.
Law Firm: Carey Olsen | Published: 15 August 2014 | Practice Area: Company Administration
Insurance linked securities are investment instruments whose value is directly related to insurance risk and whose performance is therefore not correlated with other asset classes Guernsey is becoming a jurisdiction of choice for investment structures that are exposed to ILS, as Carey Olsen reports.
Law Firm: Carey Olsen | Published: 07 August 2014 | Practice Area: Securitisation
Guernsey's position as Europe's leading captive insurance domicile has made the jurisdiction renowned for captive insurance activity - much of which provides general insurance cover to UK parents. This Carey Olsen article summarises the legal framework underpinning Guernsey's insurance sector.
Law Firm: Carey Olsen | Published: 06 August 2014 | Practice Area: Regulation and Insurance
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