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 […]
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 […]
On June 17, 2015, the EU published its list of top 30 non-cooperative jurisdictions – or tax-havens as they are called by both a hostile media and politicians – ostensibly as part of a crackdown on companies which are using these financial services centers to minimize paying taxes, legitimately I might add, in the EU […]
At the recently concluded Dec. 1-2, 2015 Joint Ministerial Council (JMC) in London, held with the UK Minister for the Overseas Territories, James Duddridge MP, the British Overseas Territories (BOTS) agreed to “hold beneficial ownership information in our respective jurisdictions via central registers or similarly effective systems.” The communique issued by the BOTS and […]
On April 14, 2015, the then-Chairman of the Eastern Caribbean Central Bank (ECCB) Ralph Gonsalves, prime minister of Saint Vincent and the Grenadines, addressed the citizens of the Eastern Caribbean Currency Union (ECCU) on decisions taken by the Monetary Council (MC) of the ECCB on Feb. 24, 2015, at its headquarters in Basseterre, St. Kitts. […]
In the 1970s the late American cartoonist Walt Kelly coined the phrase “We have met the enemy and he is us.” This was derived from the American Commodore, Oliver Hazard Perry’s famous War of 1812 report of the Battle of Lake Erie to General William Henry Harrison in which he wrote: “We have met the […]
