The Channel Islands can enhance their value to Europe Union through business growth in emerging markets, according to the former chairman of the Jersey Financial Services Commission, the island’s financial regulator. Colin Powell, now adviser on international affairs to the States of Jersey and chairman of the Offshore Group of
European Union economic affairs and finance ministers have reached agreement on the controversial proposed Directive on Alternative Investment Fund Managers, raising the prospect that the legislation could be finalised by a vote in the European Parliament next month. The EU ministers found a compromise on the most contentious aspect of
The European Fund and Asset Management Association says it is very concerned about the European Commission’s financial services tax proposals. It considers that the policy reasons advanced by the Commission are seriously flawed in the case of the funds industry. For example, there is no acknowledgement of the fact that
Bristol law firm Temple Bright has acted for Bath based Anthem Publishing on its acquisition from IPC Media of Guitar & Bass magazine. Jonathan Poole led the deal with James Howell giving specialist employment advice. City firm Herbert Smith acted for IPC. Anthem’s managing director Jon Bickley says: “We
Guernsey has signed a tax information exchange agreement with Greece. It was signed by Guernsey’s chief minister Lyndon Trott (pictured) and Ilias Plaskovitis, secretary general of the Ministry of Finance in Greece. Plaskovitis signed the agreement during the Global Forum on Transparency and Exchange of Information for Tax Purposes, which
German law firm Schultze & Braun, a business recovery, insolvency and restructuring specialist, has opened its Paris office. The Paris office is under the direction of Ellen Delzant and Patrick Ehret. Working in close collaboration with the teams in Germany, the Paris team advises French clients on all matters pertaining
Venture capital association leaders from around the world have expressed strong concern regarding the proposed European Alternative Investment Fund Managers Directive set to be voted on within the next month. The Global Venture Capital Congress, which gathered for its inaugural meeting last week at Hobart and William Smith Colleges in
UK private equity firm Advantage Capital is facing closure by the Financial Services Authority for breaching minimum capital requirements in what would be the first action of this kind against a private equity firm. Mark Spinner, private equity partner and head of the corporate team at law firm Eversheds, says
A new fund structure for Jersey has been devised by Jersey-based law firm Crill Canavan and fund administrator Herald Fund Services. The Standard Form Expert Fund, the first fund of which has been approved by the Jersey Financial Services Commission, aims to cut the time and cost involved in setting
The Bankruptcy Court for the Southern District of New York has confirmed the Almatis Group’s amended plan of reorganisation sponsored by Dubai International Capital, the international investment arm of Dubai Holding. DIC is confident of a strong future for Almatis which has performed well since rebounding from the global downturn,
12 November, 2026 – 5:00 pm
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