Case studies highlighting Guernsey's expertise in the
investment fund and private wealth sectors will form the basis of a
seminar in Singapore early next month.
The free-to-attend seminar, which takes place at the Credit
Suisse Wealth Institute, One Raffles Link on 7 November, is the
first ever event Guernsey Finance will host in Singapore and will
feature presentations from leading offshore lawyers, Leon Santos of
Collas Crill and Russell Clark of Carey Olsen.
Mr Santos, Group Partner in Collas
Crill's Singapore office, has significant offshore and
onshore experience advising fund managers, banks and corporations
on fund establishment, investment structuring and operational
issues. He will consider Guernsey's capital markets offering,
which includes the fact that the island is the global leader for
non-UK entities listed on the London Stock Exchange (LSE).
Mr Clark, who heads up the trusts and fiduciary department at Carey Olsen
in Guernsey, specialises in the establishment of complex trust
structures for businesses and private individuals. He was part of
the working party that led to the reform of the Guernsey trust law
in 2007 and was closely involved with the introduction of
Guernsey's foundations legislation in 2012. He will draw on
this experience by referring to an insolvent trusts case study that
will include practical advice for trustees.
Guernsey Finance Chief Executive Dominic Wheatley said:
"Leon and Russell are leading practitioners in their
respective fields and will provide a valuable insight into
Guernsey's financial services offering. Guernsey is an
internationally-respected finance centre, as well as being the
global leader in a number of areas such as UK listings, and we are
keen to share this expertise with a wider audience in South East
Asia. The case studies referred to at the event will show exactly
how we do things in practice, the range of work that Guernsey-based
practitioners are involved in and will demonstrate the advantages
of doing business in Guernsey."
The Singapore event is the latest initiative to coincide with
Guernsey Finance's increased focus on the South East Asia
region, which included the opening of its Hong Kong office in March
2016. The representative office, which is located at Three Pacific
Place in Admiralty, is the promotional agency's second overseas
outpost in the region following its Shanghai office, which opened
The Hong Kong office is also utilised by the Guernsey Financial
Services Commission (GFSC) to provide regulatory advice to those in
the South East Asia region who might be considering
Registration for the event, which is titled Guernsey Seminar
Series Singapore, takes place from 4.30pm, with the event itself
getting underway at 5pm. It will conclude with a drinks reception
from 6.15pm. For further information or to book a delegate place
please visit the event website. Alternatively, contact Vicky
Richardson by email email@example.com
or telephone +44 (0) 1481 720071.
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.
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