Guernsey’s Chief Minister Lyndon Trott has told a major London conference that the island should not be “dismissively” compartmentalised as an offshore centre. He was speaking at The Future of Onshore and Offshore Financial Centres Conference alongside Jeffrey Owens, director
By Jeremy Walton, Partner and Jayson Wood, Counsel, Appleby Global – After being a hot topic in the Cayman Islands for a number of years, the Grand Court has handed down two decisions in quick succession relating to side letters
Three hedge funds managed by Highland Capital Management have reached a settlement with Deutsche Bank pertaining to the funds’ suit against Deutsche Bank and Deutsche Bank’s suit against such funds, filed in October and November 2008. The terms of the
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging Jonathan W Arrington, Michael B Kratville, Michael J Welke and their companies, Elite Management Holdings Corp (EMHC) and MJM Enterprises LLC (MJM), all of Omaha, Neb, with
Sigma Partnership says it is becoming increasingly apparent to US, Asia and non-EU based managers and advisers that the EU directive is more protectionist than ever. The key decision makers in Europe are influencing revisions that favour a “Fortress Europe”
Multi-jurisdictional law firm Conyers Dill & Pearman will be adding Cyprus legal advice to its roster of jurisdictions. The Cyprus practice will be launched out of Conyers’ Moscow office, and the firm will provide advice on all aspects of Cyprus
Guernsey has signed Tax Information Exchange Agreements (TIEAs) with Italy and Latvia. The bilateral agreements were signed on 6 September and they mean that Guernsey has now signed a total of 37 TIEAs. Guernsey’s chief minister, deputy Peter Harwood (pictured),
More than two thirds (69 per cent) of the fund administration industry, with combined assets under administration exceeding USD16trn, believes AIFMD will accelerate the convergence of long-only and hedge funds. This is according to the findings of an industry-wide survey
Societe Generale Securities Services (SGSS) Ireland has launched a “Depositary Lite” service offering to support European and non-European asset managers in meeting the requirements of the AIFMD. The AIFMD sets out a number of regulatory requirements which need to be
By John Roche, Partner, PwC – Whilst everyone no doubt has their own view of the financial crisis, what is clear is that its knock on effect has been dramatic. Now regulators, particularly in the US, are on the offensive,
