Structured Credit in the PRC and Hong Kong
Structured finance is a financial instrument whereby an asset, such as a bond, or a pool of assets, such as residential mortgages, credit card repayments or corporate loans, are repackaged into notes and sold to investors. The cashflow generated from these underlying assets will be used to repay the notes issued to investors. Swap instruments may also be used to customise bespoke interest rates, currency and repayment dates based on the investors’ requirements.
Wrongful Trading: Legal position in Jersey
During these uncertain times, business resilience and continuity is at the forefront and directors of companies will be feeling mounting pressure to be dynamic and adapt to an unprecedented and rapidly changing situation. Directors, whilst seeking to minimise the impact to the business, should also be mindful of their own personal exposure whilst continuing to trade through the COVID-19 pandemic.
Isle of Man Charities Registration and Regulation Act 2019
The final provisions of the Charities Registration and Regulation Act 2019 (2019 Act) came into force 1 April 2020. Whilst, the 2019 Act updates the registration and regulation provisions which were previously contained in the Charities Registration Act 1989 (1989 Act), it does not consolidate all of the Charities Acts.
Estate planning during COVID-19
With people working from home and being surrounded by their spouse, children, and in some cases parents, the prospect of they or a loved one contracting the coronavirus and how it might impact their family, is a natural topic of conversation.
Putting the Green into Greenback
“The point is, ladies and gentleman, that greed, for lack of a better word, is good.” Gordon Gekko. 1987. At a time when the fictional poster boy for 80’s capitalism declared that “greed is good”, in many respects it already stood as the unwritten ethos which underpinned every investment strategy, every investment objective and every investment parameter for every investment fund which had a single aim….don’t just show me the money, show me the alpha!
Jersey cash box structures: a fast route to funding
It is no surprise, as a result of the wider economic unpredictability arising from COVID-19, that listed companies requiring urgent access to capital are turning their attention back to Jersey cash box structures. With a long history of their use in the capital markets, Jersey cash box structures proved popular during the years following the global financial crash as utilising such structures enabled listed companies to access funds on an expedited basis when alternative methods of capital-raising were expensive and time consuming.
The response to COVID-19: employment issues
The first seven* cases of Covid-19 in Bermuda have been confirmed and the situation continues to develop.
Update on the the new private funds law and amendment to the mutual funds law in force now.
Economic Substance and Automatic Exchange of Tax Information
Economic Substance: International Tax Co-Operation (Economic Substance) Law, (2020 Revision)
Filing deadline looms for Bermuda Private Trust Companies (PTC)
Bermuda’s regulatory regime for trust business has recently been enhanced. A framework for the supervision of relevant private trust companies has been introduced and this month new filing requirements for PTCs will take effect.