Offshore jurisdictions should join forces to lobby larger nations and international organisations on matters affecting them, according to members of the offshore financial services industry. While there are obvious ways in which Jersey, Guernsey and the Cayman Islands are competitors, there are also issues of common interest, such as the
The public consultation on the reform of CDC, the UK owned development finance institution, has begun. The consultation, announced by the Secretary of State for International Development Andrew Mitchell, will enable interested parties to submit evidence based ideas via an online survey on which approaches CDC should focus on to
Citigroup says its trustworthiness as a bank is intact following Thursday’s court victory over private equity group Terra Firma Capital Partners. In a statement issued after the bank and its head of UK investment banking, David Wormsley, were cleared by a jury at the US District Court in Manhattan of
The corporate team at Carey Olsen has advised Caparo Energy on its listing on AIM, the London Stock Exchange’s alternative investment market. This is the second Indian wind farm company taken to AIM by Carey Olsen in the past year. Caparo Energy is an independent power producer in India
The UK asset management industry needs to considerably ramp up its plans for responding to the Alternative Investment Fund Managers Directive as only two per cent of the industry currently has a plan in place that is being implemented. According to a recent poll by PricewaterhouseCoopers of 186 senior industry
The Irish funds industry has welcomed a harmonised framework for alternative investment fund managers and the regulatory changes to Irish collective investment schemes. The Irish Funds Industry Association says the agreement on the Alternative Investment Fund Managers Directive will introduce the opportunity to passport Irish qualifying investor funds throughout Europe.
Jersey Finance has welcomed the Council of Minister’s proposals to retain the jurisdiction’s personal taxation rate at 20 per cent. Setting out his budget proposals, Treasury and Resources Minister Senator Philip Ozouf said ministers wanted the States of Jersey Assembly to send out a powerful message that it would maintain
European Parliament and Council negotiators on Tuesday overcame the final major hurdles to an agreement on the Alternative Investment Fund Managers Directive. Parliament pushed through new chapters on asset stripping and remuneration principles, as well as influencing the rules on the passporting system, depositary liability, capital requirements, and use of
Law firm Howard Kennedy has advised Edge Performance VCT on its offer for subscription of up to 10,000,000 G shares at an issue price of GBP1.00 each with an over-allotment facility of up to, in aggregate, a further 20,000,000 G shares. Edge is the first specialist VCT to target the
The Alternative Investment Management Association says there has been considerable progress on the content of the Alternative Investment Fund Managers Directive following the compromise reached yesterday by EU ministers. Aima had previously expressed grave reservations about some of the directive’s content. It thought there were many provisions that would have
12 November, 2026 – 5:00 pm
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