Wealth Management Law

The Government has announced additional measures to further enhance its control over the use of the ICS.

Likely impacts on industry from the recent announcements by the Minister regarding increased control on cargo.

At the end of March 2012, Isle of Man law firm Dougherty Quinn ("DQ") together with Döhle (IOM) Limited, Freeport Trust Company Limited and the Isle of Man Ship Registry facilitated the delivery, flagging and registration at the Isle of Man Ship Registry of the first of nine 13,100 TEU container vessels being built by Hyundai Heavy Industries in Korea, the largest shipbuilder and shipyard in the world.

A delegation of Guernsey practitioners is heading across the Atlantic to promote the Island as a major centre for investment funds business.

The total value of funds business in Guernsey grew by £8.7 billion (3.3%) during the first quarter of the year.

Guernsey is becoming recognised as a hub for servicing the financial aspects of clean technology (cleantech), including renewable energy.

Reserve Bank of India ("RBI") has released its report on Currency and Finance for 2023-24, titled "India's Digital Revolution."

Are individual shareholders ‘transferors' for the purposes of the UK's transfer of assets abroad regime?

Trusts offer a tried and tested fiscal vehicle for those seeking to split the legal title and equitable rights to defined assets for specific purpose.

The structuring of investment funds as unit trusts has been and continues to be the structure of choice for mutual funds aimed at Japanese investors, primarily for reasons of onshore tax and investor familiarity.

What signature taxation, laws, trusts or investments do you think really work for UHNW clients and why?

The long-awaited reform of the Cyprus International Trusts Law, a much-needed initiative, finally became reality in March 2012