It also looks at the general considerations which businesses ought to bear in mind when considering how and for what length of time to keep documents and records.
At Collas Crill we have seen an increase in the use of the PCC as an effective tool for clients looking to effectively manage a portfolio of diverse assets.
Taxation policy changes in the US, as in other Western economies, have achieved the desired effect of encouraging the repatriation of assets.
Guernsey's Policy and Resources Committee has recently submitted its proposals for the establishment of a register of beneficial ownership for consideration by the States of Guernsey...
This briefing note provides an outline of the different processes of voluntary and compulsory winding up under the Companies (Guernsey) Law, 2008 (as amended) (the "Law").
This briefing note considers the legal requirements and the issues to be addressed when passing company resolutions, calling a general meeting and preparing a notice of general meeting...
Guernsey is a popular jurisdiction in which to incorporate companies for use on a wide range of transactions, including investment funds, private equity, structured finance and securitisations.
In the 27 years between 1987 and September 2014 the Guernsey Financial Services Commission issued five public statements and prohibited four persons from performing functions under the relevant regulatory laws.
Generally speaking beneficiaries and trustees alike would all agree that litigation involving a trust should be avoided if at all possible.
On 19 April 2016, the Guernsey Court of Appeal handed down its costs judgment in the long-running Investec Trust litigation.
In finance transactions, legal opinions are often sought from local counsel as to the capacity of entities formed under the laws of Guernsey to enter into transactions and documents...
The Companies (Treasury Shares) Regulations, 2016 and The Companies (Treasury Shares) (Amendment) Regulations, 2016 (together the "Regulations") were both implemented on 22 July 2016.
In a recent judgment, a trustee requested the Guernsey Court's blessing to distribute the assets of the trust in accordance with a letter of wishes in order to limit any future challenge of the trustee's decision.
Oak Trust Group
Guernsey companies are governed by the Companies (Guernsey) Law, 2008. The Guernsey Financial Services Commission (GFSC) is the regulatory body for the finance industry in Guernsey...
The job of trustee is an onerous one, which makes choosing the right trustee extremely important.
There is increasing recognition of the vital role that corporate governance plays in keeping the economy, and the businesses that underpin it, in robust health.
Carey Olsen advised the consortium of buyers on their acquisition of Sandpiper CI, the Channel Islands' leading retailer, which recently completed.
The Common Reporting Standard (CRS) has been developed by the Organisation for Economic Co-operation and Development (OECD) as the new global standard for the automatic exchange of information (AEOI) to improve tax compliance and counter tax evasion.
Lawyers from Carey Olsen's Guernsey corporate team advised
Falcon Acquisitions Limited on its admission to the Official List
of the UK Listing Authority...
Litigation in the trust sector has seen a number of high profile cases in Guernsey and Bedell's Rupert Morris examines the impact two of these cases could have on trust work on the island.