One way the traffic works: a diamond dealer takes the profits from diamond sales, and instead of declaring them for tax reasons, transfers the money to an offshore bank account via a number of steps, each intended to muddy the trail.
Fund II, which has been established as a Jersey Expert Fund, was oversubscribed and reached its hard cap of US$775 million following strong support from both new and existing Tier 1 investors globally.
The law in relation to litigation funding agreements with respect to civil and commercial litigation in the Cayman Islands is set to change dramatically, with the introduction of the Private Funding of Legal Services Act, 2020 (Act).
A leading directory for the legal industry, Legal 500 grades law firms following a thorough and independent research process, which includes interviews with clients and peers as well as information provided by the firms themselves.
Carey Olsen partner Chris Griffin led the team, advising on the Jersey aspects of the fund's launch, assisted by senior associate Sarah Townsend and associate Luke Costello.
Greenoaks Capital also joined the round, along with existing investors Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, and Singapore's Sovereign Wealth Fund GIC.
From the BVI team, an analysis of two recent Privy Council decisions – touching upon just & equitable winding-up petitions and forum challenges, respectively.
The transaction is conditional upon Energean shareholder, regulatory and other customary approvals with completion expected to occur in the first quarter of 2021. Upon completion, Energean will own 100% of EISL's share capital.
The increase in Carey Olsen's market share is a reflection of the calibre and strength in depth of our funds team, the quality of relationships we hold with both clients and the onshore advisers who select Carey Olsen as well as the confidence that i
Beyond the US, geopolitics will continue to shape trade patterns with some adjustment in 2021, but not by too much.