Unravelling
Complexity

Insights

Unravelling Complexity

218 Results

Management of small- to mid- sized offshore funds in Cyprus
Investment Funds

Management of small- to mid- sized offshore funds in Cyprus

Following certain tectonic shifts in EU law regulation, implemented locally as of 2018, Cyprus is now an ideal location for regional fund managers to set up shop quickly and cost-effectively to manage small- to mid-sized offshore funds, such as those domiciled in the Cayman Islands and the British Virgin Islands. In this article, originally featured in HFM, Aki Corsoni-Husain and Elina Mantrali, outline why Cyprus is an optimal domicile for regional managers to conduct business within.
Snapshot of the benefits of the Limited Partnership Act 2017

Snapshot of the benefits of the Limited Partnership Act 2017

Harneys recently had the pleasure of announcing that our British Virgin Islands office had re-registered itself under the Limited Partnership Act 2017 to take advantage of a number of the provisions in the new legislation. In that announcement we referred to some of the advantages of registration under the new legislation (apart from the obvious benefit of limited liability structures).
China’s Belt and Road Investment in Africa and the Use of Offshore Finance
Corporate

China’s Belt and Road Investment in Africa and the Use of Offshore Finance

Offshore vehicles are beneficial for private investors’ participating in the the “Belt and Road” initiative (BRI) which was instigated by the Chinese President Xi Jinping in 2013 to convert what was once known as the Silk Road to a modern trade and economic cooperation project spanning 71 countries.
Repairing and Preparing
BVI property and real estate

Repairing and Preparing

Many owners of hurricane damaged properties have now either agreed a settlement figure after filing an insurance claim, or received an insurance payout. As a result, an increasing number of property owners have the benefit of greater certainty in relation to their financial position and are able to commit to undertaking repairs. This article aims to address some of the main pitfalls that property owners should bear in mind when planning and undertaking work to their properties. Download the PDF to read the full article from VI Property and Yacht's July 2018 edition.
CIRC Promotes Foreign Private Equity Participation in Restructurings
Corporate

CIRC Promotes Foreign Private Equity Participation in Restructurings

On 29 June 2018 the China Insurance Regulatory Commission (CIRC) issued its Administrative Measures for Financial Assets Investment Companies (Trial) (the Measures). The overall gist of the Measures is to bring about deleveraging and meaningful restructuring of indebted companies (both balance sheet and operational). To achieve this goal, the CIRC wants domestic banks to be shareholders of financial asset investment companies, and will also allow any proportion of foreign investor participation.
European Union: adoption of the fifth anti-money laundering directive
Anti money laundering (AML) and terrorist financing compliance

European Union: adoption of the fifth anti-money laundering directive

On 30 May 2018, Directive (EU) 2018/843 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU (5AMLD) was adopted. This Directive should be transposed into national law by 10 January 2020.