Cyprus UBO regime announcement
Banking & Finance

Cyprus UBO regime announcement

Cyprus UBO disclosure regime for entities and other legal arrangements commencing on 22 February 2021.
Succession Planning - British Virgin Islands and Cayman Islands
Private Wealth

Succession Planning - British Virgin Islands and Cayman Islands

Succession planning has always been a difficult topic of conversation for families, but in recent years and against the backdrop of an ongoing Covid-19 pandemic, it’s become a priority for those looking to protect their assets for current and future generations. With renewed interest and demand for succession planning, Henno Boshoff of Harneys’ Asia Trust and Private Client Advisory Group, outlines some of the key aspects of succession planning offshore.
Snapshot of key enforcement methods in the BVI
Litigation & Insolvency

Snapshot of key enforcement methods in the BVI

The enforcement toolkit available in the BVI is similar to many other common law jurisdictions. However, the BVI Courts have tailored their approach to meet the challenges a creditor may face when looking to enforce over a complex structure.
Important CRS updates for Cayman Islands entities
Investment Funds

Important CRS updates for Cayman Islands entities

A reminder that all CRS and FATCA reporting for the 2019 period must be submitted by Cayman Islands Financial Institutions by 16 December 2020. The reporting must be done through the DITC Portal.
Funds market in China: divergence in an age of convergence
Investment Funds

Funds market in China: divergence in an age of convergence

The market for U.S. dollar (USD)-denominated funds in Greater China has undergone rapid transformation. Professional services providers have been grappling with the impact of a flurry of new laws and regulations, while fund managers have suddenly found themselves overwhelmed by choice. This has led some to question whether market convergence has finally led to the creation of a level playing field for all jurisdictions, or whether in fact this is the beginning of widespread divergence in the fund market industry. This article explains how and why the market has blossomed in recent years, and considers how it may develop in future.