While corporate mergers and acquisitions boomed in 2018, investors from outside of the EU will now have a more difficult time joining or acquiring German businesses. At the end of 2018, the German federal government passed an amendment to the Außenwirtschaftsverordnung (AWV), Germany’s Foreign Trade and Payments Ordinance. We at the commercial law firm GRP […]
Establishing a presence in a foreign jurisdiction can be difficult, without the right help and guidance. International anti-money laundering (AML) rules mean that full customer due diligence is required on […]
Read moreBy Carlyle K Rogers, Barrister/Solicitor – CARLYLEROGERS (ANGUILLA)/CARLYLE ROGERS LEGAL CONSULTANTS FZE (DUBAI, UAE) On the 4th May 2018, the Anguilla House of Assembly enacted the Anguilla Utility Token Offering Act (“the AUTO Act”) which received assent and thus became effective on the 7th May 2018. The Act provides for the registration of issuers of […]
By Carlyle K Rogers October 18, 2017 Share on Facebook In October 2015, the Organisation for Economic Co-operation and Development (OECD) issued its report on its BEPS Project titled: OECD/G20 Base Erosion and Profit Shifting Project 2015 Reports. This was accepted by the G20 (Group of 20 largest economies in the world) at its November […]
The following is the edited and finalized text of a speech/presentation I made at the 4th Family Investment & Citizenship Planning Asia Retreat 2017 held in Bali, Indonesia in September 2017 and represents my views only. In today’s world there must be risk management for all offshore planning, not just with regards to trusts. Trusts, […]
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For several years now, some of us in the financial services industry have lamented the plethora of legislation which has been foisted on jurisdictions, especially the British Overseas Territories like Anguilla and the BVI, by international bodies and foreign countries. We have argued in public and in private to government officials that some of this […]
Is this the end of Russia as a source of business for international financial centers? On Nov. 24, 2014, Russian President Vladimir Putin signed Federal Law No. 376-FZ, with the unwieldy title: Concerning the Introduction of Amendments to Parts One and Two of the Tax Code of the Russian Federation (Regarding the Taxation of […]
a solution in search of a problem In June 2014, the government of Anguilla published for public consultation, a document entitled: “Enhancing the transparency of Anguillian company ownership and increasing trust in Anguillian business.” The document stated that the objectives of the consultation, which is currently ongoing until later in the summer, are to […]
Are they an option for international financial centers? Recent moves by the Turks and Caicos Islands (TCI) government to enact legislation to provide for an investor residency program has thrown into the spotlight the issue as to whether or not economic citizenship and residency programs could be an option for IFCs seeking to increase […]
How international financial centers can survive in the age of automatic exchange of information and transparency This year marked a turning point for international financial centers (IFCs), especially those that are British Overseas Territories (BOTs) and Crown Dependencies (CDs), in terms of the future landscape on which they will compete, cooperate and provide their […]
On Jan. 15, 2016, Justice Courtney Abel of the Supreme Court of Belize handed down a decision which should be read across Caribbean IFCs, especially by regulators and law enforcement agencies from common law jurisdictions. The court found that the manner of the execution of a search warrant on the private offices of a licensed […]
