Harneys advises on pre-sale reorganization of influencer analytics firm PARKLU
Corporate

Harneys advises on pre-sale reorganization of influencer analytics firm PARKLU

Harneys is pleased to have assisted with the pre-sale reorganisation of the Chinese influencer analytics firm PARKLU, which has since been acquired by Launchmetrics, a technology and data analytics provider for the fashion, luxury and beauty industries in China.
Virtual assets, smart contracts and central bank digital currencies: transforming investment funds
Investment Funds

Virtual assets, smart contracts and central bank digital currencies: transforming investment funds

Blockchain, smart contracts and virtual assets (together, DLT) can automate and digitise investment fund operations. Fund operators may want to take a close but careful look at harnessing DLT as regulation of the sector accelerates and central bank digital currencies become a reality.
We have great news - our BVI borders are reopening!
Private Wealth

We have great news - our BVI borders are reopening!

1 December 2020 marks the dawning of a new day in the British Virgin Islands, as the BVI reopens its borders to all categories of travellers inclusive of tourists, residents, belongers and work permit holders.
The Cayman Islands beneficial ownership regime
Investment Funds

The Cayman Islands beneficial ownership regime

Under Cayman Islands beneficial ownership legislation, certain Cayman Islands companies are required to maintain details of their beneficial owners and relevant legal entities on a beneficial ownership register. This guide explains which companies are in scope of the Legislation and which are exempt, who is classed as a beneficial owner and a relevant legal entity, and the obligations for in scope companies and those who hold interests in them.
Economic substance reporting obligations in the British Virgin Islands
Economic substance in the BVI

Economic substance reporting obligations in the British Virgin Islands

Like most other major international financial centres (including Bermuda, the Cayman Islands, Guernsey, Jersey, the Isle of Man and the United Arab Emirates), the BVI has introduced economic substance requirements for certain entities carrying on specified “relevant activities”. This article primarily considers the reporting regime.