The course was specifically designed for the delegation after
Griffin Plutus Family Office expressed the desire to learn more
about Guernsey's position as a leading offshore jurisdiction
and understand the regulations and structures that exist on the
Antoine Kuo, Founder of Griffin Plutus Family Office, was one of
five people from his office to complete the qualification. Mr Kuo,
who has more than 25 years' experience in private banking and
offshore finance, has a well-established relationship with Guernsey
having signed a Memorandum of Understanding (MoU) with Guernsey
Finance in his role as Chairman of the Shanghai Family Office
Union. He was also a speaker at the launch event for Guernsey
Finance's Hong Kong representative office in March this
Mr Kuo said that the island's standard of regulation and
flexible range of structures were important to the Chinese market
and the week-long course had provided a greater insight into the
way Guernsey operates.
"Through more than 40 meetings and classes over five days
with some of the best practitioners in Guernsey, we were not only
impressed by the professional expertise and well-regulated
environment Guernsey has to offer, but also the warmth and
hospitality shown towards us. These are some of the key reasons why
Guernsey maintains its leading position in the private wealth
market," said Mr Kuo.
"This visit will strengthen the relationship and
cooperation we have with Guernsey to provide top tier global
private wealth services for the Chinese market. We truly appreciate
all the arrangements made for us by Guernsey Finance's Kate
Clouston and the GTA University Centre, and thank all the
institutions that provided such detailed information in our
In addition to completing their qualification, the Griffin
Plutus Family Office team also met with a range of Guernsey service
providers, local government and industry trade associations. The
visit culminated in a tour of Guernsey's Royal Court by the
Deputy Bailiff of Guernsey, Richard McMahon.
Kate Clouston, Director of International Business Development at
Guernsey Finance, said the course and visit had been arranged as a
result of the desire of Mr Kuo and his colleagues to learn about
Guernsey's position as a leading offshore jurisdiction for
"We're delighted that someone with Antoine's
background recognises that Guernsey boasts significant experience
and expertise in this area and wants to learn from us in terms of
how we establish and operate fiduciary structures for clients from
around the world," said Miss Clouston.
"This is a significant development in Guernsey's
relationship with China in bringing these influential contacts to
the island and we are hopeful that future partnerships will develop
as a result. We are already aware of enquiries that have taken
place since the delegation's visit. The support of Guernsey
firms over the course of the week was crucial to the success of the
visit and affirms that mainland China is a key market for
In addition to Mr Kuo, the other members of staff from Griffin
Plutus Family Office who completed the qualification were: Jeorick
Jun Xu, Managing Director; Isabel Rui Xu, Head of Legal and
Compliance; Ryan Junyan Chen, Investment Management and Jason
Jianquan Zhang, Paralegal.
Probably the most significant change from previous practice in Guernsey law under the Companies (Guernsey) Law 2008, which came into effect on the 1 July 2008, was the consignment to history of the concept of capital maintenance, which was discarded in favour of a solvency model as the basis of a company’s ability to pay distributions and dividends.
A new, independent law firm has launched in Guernsey. Ferbrache & Farrell LLP, which will focus on corporate, property and dispute resolution, has been founded by partners Gavin Farrell, Alastair Hargreaves and Martin Jones.
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