Europe: Wealth Management

On 6 March 2012, EIOPA issued a consultation paper

The Solvency II Directive has moved a step closer to implementation following a vote held on 22 March 2012

Charles Holbech reviews the importance of a medical opinion for the aged or infirm testator.

As wealth becomes more global and family structures more complex, preserving it beyond the third generation is no longer just a matter of good governance, requiring a deeper understanding of family dynamics.

Praxis, an independent global provider of corporate services and private wealth solutions, has re-entered the Jersey fund administration market after securing its Jersey Fund Services Business Licence (FSB Licence).

In Cayman the Grand Court in AA v JTC (FSD 12/2024 (IKJ)) has, for the first time, set down the principles applicable to an application by an enforcer under Cayman's...

Malta's efforts to establish itself internationally as a centre of excellence are reaping success.

The judgment of Mr Justice Steel, delivered in the English Commercial Court on 18 February 2010 in Masefield AG v. Amlin Corporate Member Ltd, [2010] EWHC 280 (Comm), resolved an issue between the parties as to whether or not the hijacking of the tanker Bunga Melati Dua by Somali pirates justified a claim under an open cover marine insurance policy for the total loss of cargo, alternatively its constructive total loss, notwithstanding that the cargo was eventually recovered.

This article looks at some of the legal and practical problems involved in prosecuting suspected pirates detained by warships off Somalia, and reports on the progress being made towards enhancing the criminal justice systems in regional states where trials are held, and in establishing humane detention facilities in Somaliland and Puntland for convicted pirates.

In the Principality of Monaco, a huge number of properties are held through offshore special purpose vehicles to ensure both confidentiality and tax efficiency.

China’s Tax Information Exchange Agreement (TIEA) with the Isle of Man went into full effect 14 August 2011.

Canada’s Tax Information Exchange Agreement (TIEA) with the Isle of Man entered into force on 19 December 2011.