Equal Pay and Discrimination Claims – A New Reality for Guernsey
Like most offshore jurisdictions, the legal community in Guernsey is tightly knit, but traditionally very cautious when it comes to managing its reputation to the outside world, especially around issues like sex discrimination, harassment and the gender pay gap.
Insurance M&A activity may be on horizon
Companies with a view to pursuing strategic acquisitions often look for opportunities in the insurance M&A market.
Sandy Shores and Sandboxes: BVI Introduces Regulatory Sandbox for Fintech Innovation
The British Virgin Islands have launched a new Fintech sandbox to encourage technological innovation in financial services under a lighter touch regulatory regime. The sandbox, which opened for applications on 31 August 2020, further strengthens the BVI’s ambitions to become a global hub for innovation and emerging technologies.
Jersey makes final preparations for the Introduction of LLCs
The Limited Liability Companies (Jersey) Law 2018 (the LLC Law), allowing the registration of limited liability companies (LLCs) in Jersey, was registered by the Royal Court of Jersey on 21 December 2018.
Cost-cutting and the alternatives to redundancy
Even as Bermuda acclimatises to the ‘new normal’, it is clear that the economic effects of the pandemic are likely to be substantial and enduring, meaning that many employers will be feeling the pressure to reduce costs.
The role of Private Equity in economic recovery from Covid-19
Against this gloomy backdrop, we expect private equity firms and their investors to play a key role in long-term economic recovery.
Taking a look at free trade on the African continent: AfCFTA
As the UK and the EU approach the end of the Brexit transition period, and their relationship as we know it, they enter the inevitably difficult final stages of negotiations regarding their future relationship. We therefore felt it timely to take brief look at the encouraging progress and cooperation relating to free trade which has been made on the African continent in recent years, in the shape of The African Continental Free Trade Area.
Bermudian LLCs: a flexible solution
It’s been almost four years since limited liability companies were brought to Bermuda on October 1, 2016 under the Limited Liability Company Act 2016.
Safe havens: Temporary relocation and residency by investment in Appleby’s jurisdictions
In this article, we examine how the digital nomad culture is evolving in our jurisdictions.
Anti Money Laundering: Getting Reliance Right
The Jersey Financial Services Commission (JFSC) recently published its findings from the Thematic Examination as regards compliance by relevant persons with the Money Laundering (Jersey) Order 2008 (MLO) and in particular the Reliance on the Obliged Persons regime.
Indemnities and ‘as soon as possible’ notice
Indemnity clauses represent a contractual transfer of risk between parties to a transaction, the purpose of which is to prevent loss to one of the parties or to compensate that party for losses that may occur as a result of a specified event.
Beneficial Ownership and Control
Jersey applies the “Recommendations” of the Financial Action Task Force (FATF), which are recognised as the global standard in anti-money laundering and counter-terrorist financing. Part of those Recommendations relate to beneficial ownership and control information (BOC) of legal persons or legal arrangements.