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Legal Updates

Developments in law or practice in our jurisdictions

19 October 2017 - The Offshore Advantage: M&A in the BVI

As the largest law firm in the BVI, Harneys has consistently worked on the biggest and most complex mergers and acquisitions (M&A) involving BVI companies. As we head into the last quarter of 2017, M&A both globally and in the BVI in particular...

18 October 2017 - Launching an ICO through Cyprus

We set out below a summary of relevant considerations when launching an initial coin offering (ICO) through Cyprus. For these purposes we assume the ICO is structured through Cyprus as a Cyprus company. Alternative vehicles may also be appropriate...

06 October 2017 - New AML regulations come into force

The Cayman Islands government recently adopted updated Anti-Money Laundering Regulations (the AML Regulations) which came into force on 2 October 2017. The AML Regulations demonstrate Cayman’s ongoing commitment to complying with the highest...

05 October 2017 - Post Hurricanes Irma and Maria - Important information for BVI property owners

The Impact of Hurricanes Irma and Maria Harneys weathered Hurricanes Irma and Maria and our BVI office reopened shortly after the passage of the storms with all teams and practice groups providing normal client service. Our lawyers are physically on...

03 October 2017 - BVI continuations and discontinuations

One of the many flexible features of the BVI Business Companies Act 2004 (the BC Act) is the ability both to continue a foreign company as a BVI company under the BC Act and also to continue a BVI company under the laws of another jurisdiction (commonly...

02 October 2017 - Structuring an ICO through the Cayman Islands

​I want to launch an ICO – Help! It seems that 2017 will go down as the year of the ICO. Whilst still not mainstream, the pool of people in the financial services sector who have never heard of Bitcoin, cryptocurrencies, the blockchain or an...

31 August 2017 - Termination and de-registration of Cayman regulated funds: consider action now to reduce 2018 fees

Managers of Cayman Islands regulated funds who are reviewing whether to wind any funds down before the end of 2017 may want to act promptly to avoid or reduce the annual 2018 Cayman Islands Monetary Authority (CIMA) fees and related costs. Regulated...

23 August 2017 - BVI exempts certain categories of people from work permit requirements

The BVI Government has enacted a measure which exempts various categories of people from the need to obtain work permits. In particular the exemption for directors visiting the BVI for board meetings is significant in supporting the BVI’s...

17 August 2017 - Cayman Islands: new intellectual property regime

The Trade Marks Law 2016, the Patents and Trade Marks (Amendment) Law 2016 and the Design Rights Registration Law 2016 came into force on 1 August 2017, introducing a new intellectual property regime in the Cayman Islands. Trade Marks Under the...

24 July 2017 - IHT update: UK Government confirms effective date of proposed changes to UK non-dom tax rules

The recent UK election and related legislative changes have delayed implementation of new rules imposing inheritance tax on UK residential property held in offshore structures. However, on 13 July 2017, the UK Government announced that the new rules...

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