When the Bank was notified of the Client’s death on 12 October 2017, it attached a ‘no debit’ instruction on all of his accounts, as per its internal procedures.
It is understood that Low, commonly known as Jho Low, became an economic citizen of St Kitts and Nevis in 2011.
The Royal Court was required to consider the terms of the JCT contract, and an Addendum which the parties had signed, amending the core contractual terms.
Following the release of the Draft Economic Substance Law on 23rd October (the Draft Law), which is due to be debated in early December, Jersey's government has now issued a Key Aspects Document.
The Sanctions Orders generally restrain persons from dealing in funds or economic resources owned or controlled by, or making funds or economic resources available to, persons or entities listed under the Order.
Anthony Webster, a partner at Maples and Calder (Hong Kong), said it was important to have Scott at the events given the vast benefits for businesses in both jurisdictions that can occur from working together.
Purchaser Seaton Place Limited sources, structures and purchases commercial real estate assets to provide investment solutions for international ultra-high net worth individuals, family offices and wealth managers.