The Irish Minister for Finance has approved, in principle, the development of legislation for a new corporate structure for funds which is intended to meet US ‘check the box’ requirements and reduce administrative costs. This step is consistent with the Irish government’s on-going commitment to the continued development of the
The Cayman Islands Government has extended the deadline for the registration of ‘master funds’ by 60 days to 21 May 2012. This extension had been expected as a result of the previous advisory issued by the Government stating that the Government and the Cayman Islands Monetary Authority (CIMA) both disagreed
To date hedge funds have largely escaped the impact of the increasing scope and aggressive enforcement of the Foreign Corrupt Practices Act by the US Department of Justice and the Securities and Exchange Commission. However, Matthew Reinhard, a member at Washington, DC law firm Miller & Chevalier, argues that hedge
Gibraltar could benefit from a change to Luxembourg law, which has slowed down the launch of specialised investment funds in the Grand Duchy. On 6 March 2012, the Luxembourg parliament passed a bill of law amending the Luxembourg law of 13 February 2007 on specialised investment funds (SIF). It is
The British Virgin Islands Financial Services Commission (FSC) has issued guidance on the form and content of the audited financial statements to be prepared and filed by certain regulated companies. Private and Professional Funds Private and Professional funds recognised under the Securities and Investment Business Act, 2010 (SIBA) are generally
Law firm Bedell Cristin has acted on the establishment of the first Private Placement Fund in Jersey following the introduction of the streamlined regulatory regime at the end of last month. The fund, which invests in European real estate, primarily smaller structured co-investments in real estate projects and real estate
Dechert has released the following update regarding the US Treasury Department’s recent proposed regulations and announcement relating to FATCA… On 8 February, the US Treasury Department released proposed regulations and a related ground breaking announcement relating to the recently enacted tax legislation called the Foreign Account Tax Compliance Act or
The UK Court of Appeal has today handed down judgment in a case which considers the circumstances in which an individual who enters into a members’ agreement in a limited liability partnership may be considered to be an employee. Jonathan Exten-Wright, employment partner, DLA Piper explains… Mr Tiffin was a
The UK Financial Services Authority (FSA) has fined Ravi Shankar Sinha GBP2.867 million for fraudulently obtaining GBP1.367 million for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme. The financial penalty consists of GBP1.367 million disgorgement and a punitive
Octopus chief executive Simon Rogerson (pictured) has welcomed the UK Court of Appeal’s decision to uphold the ruling that the DECC’s changes to the subsidy for solar installations, is unlawful. “This is good news for the solar industry,” says Rogerson. “It means that solar installations built after the 12 December
12 November, 2026 – 5:00 pm
12 November, 2026 – 8:00 am
12 February, 2026 – 8:00 am
12 February, 2026 – 5:00 pm
