Top 10 Labour and Employment Headlines from Offshore The Finance Act 2004 radically changed UK pensions. It heralded a raft of new measures aimed at simplification and came at a time when, across Europe, other jurisdictions were also realising that change was necessary to meet the rising costs of pension provision. The right of all citizens to work and the state's role in promoting the conditions to make this right effective is enshrined in Malta's 1974 Republican Constitution. Following a period of consultation pensions legislation in the Isle of Man was reviewed and updated by the Income Tax (Pensions) Act 2008 with effect from the 6 April 2008. A Qualified Recognised Overseas Pension Scheme, or QROPS established in Malta, is a Maltese registered pension scheme approved by HMRC in the UK to accept transferred funds from existing UK schemes. The trust in Liechtenstein law may be set up for an indefinite period. It can be used in the same way as a foundation, but permits more flexible arrangements as its purpose is not limited in any way, as is the case under foundation law (there may be certain restrictions as to the purpose trust). Elco Bank and Trust Company Limited specialises in the provision of a comprehensive range of offshore corporate services from its office in Nassau, Bahamas. The Ogier Guernsey employment law team, headed by Advocate Simon Davies, scored another impressive victory recently in an employment tribunal case emanating from the sale of CI Traders Limited, (“CI Traders”). The Royal Court recently sat in the case of Cole v. Chief Officer of the States of Jersey Police [2007] JRC 240. The Plaintiff succeeded in the tort of misuse of private information (sometimes also described as breach of confidence). | 
