Swiss fintech specialist Avaloq has acquired a 10 per cent stake in Metaco, a Lausanne-based blockchain and crypto-currency specialist. The acquisition, which is part of Metaco’s second round of funding, will see Francisco Fernandez (pictured), Avaloq’s founder and Group Chairman,
With some offshore jurisdictions having only moved recently to introduce registers of beneficial ownership, one could argue that having had its own register in place for over 70 years, Bermuda has been ahead of the curve. Now, as global regulatory
Although the Cayman Islands tends to be the default option for most alternative fund managers, there is a good argument for saying that Bermuda is equally, if not more attractive; certainly from a cost perspective and a ‘substance’ perspective, with
Harneys operates through 14 international locations and its global funds practice advises on all aspects of offshore investment funds, establishment, maintenance and restructuring both in distressed and planned scenarios. The firm’s global investment funds practice continued to grow in 2017,
Guernsey is proposing to adopt limited liability companies (LLC) in a move intended to enhance the island’s competitive position in the United States. The island’s government, the States of Guernsey, has launched a consultation exercise, as it considers following many
Investment funds can now take advantage of a new limited partnership regime following the passing of the Limited Partnership Act in the British Virgin Islands (BVI). The Act is designed to provide all the typical benefits of limiting liability, as
With the global financial crisis of 2008 now a decade in the past, much has changed in terms of how offshore private funds are governed and monitored. The highly publicised Weavering case in 2009 brought the role of fund directorships
The Cayman Islands has recently taken a number of measures to reinforce its position in the global financial services market. It has overhauled its anti-money laundering and counter terrorist financing legislation, which includes explicitly bringing unregistered (ie not registered with CIMA)
By Lucy Frew, Partner, Walkers – Significant developments in the regimes for data protection and cybersecurity, together with increasing investor awareness, mean that these are key issues for hedge fund businesses in 2018. Technological advances have brought great opportunities and
