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Trust Protectors: Powers, Duties and Removal

Tuesday 11 October 2016

Settlors of offshore trusts frequently appoint a ‘Protector’ to supervise the trustees’ administration of the trust and to ensure that…

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Guernsey Court of Appeal Extends Trustees’ Statutory Protection to Litigation Costs

Tuesday 11 October 2016

On 19 April 2016, the Guernsey Court of Appeal of Guernsey handed down its costs judgment in the long-running Investec…

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Trustee Mistakes: A More Forgiving Offshore World

Tuesday 11 October 2016

Despite the Supreme Court of the United Kingdom limiting the circumstances in which a court could set aside a trustee’s…

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Cayman Islands Monetary Authority Publishes New Statement of Guidance on Professional Indemnity Insurance

Tuesday 11 October 2016

In August 2016, the Cayman Islands Monetary Authority (CIMA) published a new Statement of Guidance on Professional Indemnity (PI) Insurance…

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Failure to Stop Offshore Tax Evasion: A New Criminal Offence

Tuesday 11 October 2016

On 11 April 2016, following the ‘Panama Papers’ disclosures, the UK Government announced that it was bringing forward its plans…

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Offshore Regulators Get Tough!

Tuesday 11 October 2016

Offshore financial services regulators have been baring their teeth and threatening to ‘Get Tough’.  In its 2016 business plan published…

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Insurance Law Developments: The Insurance Act 2015 and Enterprise Act 2016

Wednesday 6 July 2016

Please read here: The Insurance Act 2015 and Enterprise Act 2016

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The EU removes Guernsey from its ‘blacklist’

Monday 10 August 2015

The EU Commission has confirmed that Guernsey is no longer on its tax ‘blacklist’. The news was greeted with relief…

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