The Funds Download: The seven hottest questions in the crypto space
Investment Funds

The Funds Download: The seven hottest questions in the crypto space

In our final episode of The Funds Download season one, our host and the Global Head of Funds and Regulatory, Philip Graham, is joined by Partners Lewis Chong and Matt Taber, and Associate Marc Piano, our in-house crypto experts. They consider the most frequently asked questions encountered in their extensive experience with guiding emerging managers in this industry.
“First choice for advice and assistance” – Harneys BVI remains top tier in Legal 500 rankings
Investment Funds

“First choice for advice and assistance” – Harneys BVI remains top tier in Legal 500 rankings

Harneys BVI dominates the Legal 500 rankings by remaining in the top tier across Banking, Finance and Capital Markets; Dispute Resolution; Investment Funds; Real Estate; and Trusts/Private Client. The firm is also the only firm in the BVI to be ranked in the top tier for the new category Regulatory and Compliance.
Take off with Harneys Tech Accelerator Program
Investment Funds

Take off with Harneys Tech Accelerator Program

Harneys is proud to announce the inaugural launch of its Tech Accelerator Program, designed to support tech innovators and professionals with free legal advice and trust company services as they prepare to launch a company or fund.
DAC 6 – D Day is imminent – Update of key elements
Regulatory & Tax

DAC 6 – D Day is imminent – Update of key elements

At a time when lengthy books are being written on the Sixth Directive on Administrative Co-operation in Tax Matters (DAC 6), it is a daunting task to summarise the key elements of DAC 6. However, with an eye on 1 January 2021 when the clock starts ticking for the various deadlines for the initial set of reporting obligations, there are some material elements that deserve particular focus. This article examines those elements in the context of the principal objective of DAC6, namely to require a wide range of intermediaries to provide tax authorities with early warning of arrangements that involve aggressive tax planning so that they can take the necessary action to examine those arrangements under existing tax rules and to amend the tax rules as appropriate to prevent their further use.
How will breaches of the Cayman Islands beneficial ownership reporting regime be enforced?
Investment Funds

How will breaches of the Cayman Islands beneficial ownership reporting regime be enforced?

In June 2020 we alerted clients to the introduction of fines for breaches of the Cayman Islands beneficial ownership reporting requirements. The client alert can be found here. The new fine system is in addition to the penalties that already exist for committing an offence under the beneficial ownership regime laws.