Harneys

The Cayman Islands’ Beneficial Ownership Transparency Act, 2023 came into effect on 31 July 2024. The Act aims to align the Cayman Islands' regime with global standards such as the US Corporate Transparency Act. The new regime mandates more comprehensive transparency measures concerning beneficial ownership to combat money laundering, tax evasion, and terrorist financing. Find out more in our update by Cayman Islands Regulatory & Tax Partner Juan Pablo Urrutia here: https://lnkd.in/g7fYPdya #BeneficialOwnership #CaymanIslands #Tax #Regulatory

We are delighted to share that our lawyers have been recognised by Lexology Index (formerly Who’s Who Legal) in their recently released indexes for outstanding legal services. ◾Commercial Litigation Partners Jonathan Addo, Peter Ferrer, Claire Goldstein, Ian Mann, Henry Tucker, and Consultant Phillip Kite are recommended for their expertise in Commercial Litigation.   ◾Fintech & Blockchain  Partner Philip Graham is recognised for his proficiency in BVI Blockchain, while Partner Daniella Skotnicki receives recognition for her Cayman Fintech expertise.   ◾Private Client  Partner Henry Mander is endorsed as a global elite thought leader for his Private Client expertise. Partners Claire Goldstein, Ian Mann, Andrew Thorp, and Counsel Henno Boshoff are recognised for their Private Client services experience. Congratulations to all the above!   #LexologyIndex #PrivateClient #CommercialLitigation #FintechandBlockchain

We are honoured to celebrate The Right Honourable Dame Justice Janice Pereira, retired Chief Justice of the Eastern Caribbean Supreme Court, for her esteemed appointment to His Majesty’s Most Honourable Privy Council.   A truly radiant daughter who stands among the judiciary’s elite, poised to influence jurisprudence worldwide.   We at Harneys congratulate you Dame Janice M. Pereira! 

We are proud to sponsor Asset Recovery Asia 2024, taking place in Thailand from 3 – 5 November.   Our Hong Kong-based Partner, Ian Mann, will contribute his expertise to the panel “The grown-up moot – who recovers best?” The panel will delve into the intricacies of cross-border recognition of judgments and awards, insolvency appointments and powers, and criminal proceedings. This panel will be a highlight, as each speaker will advocate for their field's efficacy in asset recovery, providing attendees diverse perspectives and innovative solutions.   Our Singapore-based Partner, Jayesh Chatlani, will also be attending the conference.   Want to connect with Ian and Jayesh ahead of the conference? Reach out to them at:   💡 Ian - https://lnkd.in/gienJ92B 💡 Jayesh - https://lnkd.in/gPSM_Q3a   #ARAsia2024 #AssetRecovery #CrossBorderLitigation

Navigating the diverse world of BVI open-ended funds? Let’s break it down. Each option offers distinct advantages tailored to your investment strategy. Whether you’re managing a close-knit family fund or exploring global retail markets, there’s a BVI fund designed just for you. Curious about which fund aligns with your financial goals? Dive into our insightful video for a detailed guide on choosing the perfect fund to power your investment journey. #BVIInvestment #FundManagement #FinancialGrowth

We are pleased to share photos from our August and September 2024 photo competition winners. Congratulations to Senior Associates Katie Lilley and Warren Bank, FCIArb and thank you for sharing your photos with us! In collaboration with our strategic alliance partner, Harneys Fiduciary, this competition is an opportunity for our people around the world to submit photos that capture moments from their daily lives and scenes that inspire them. Each month, everyone is invited to vote on their favourite photo. Along with winning a prize, the finalists' photos will be compiled into a digital calendar for 2025. #PhotoCompetition #WinnerAnnouncement

During Hong Kong Arbitration Week, our team had a fabulous evening at the annual Hong Kong Arbitration Charity Ball on Wednesday 23 October. Harneys proudly sponsored a table at this prestigious event which generates crucial funds for various Hong Kong charities. The night was a celebration of community and collaboration and a powerful reminder of the impact we can make together. Paula Kay, Calvin Chow, Julie Engwirda, Sui Hung Yeung, Natalie Lee (李欣潔), Strachan Gray, William Pan, Queenie Lau SC, Anson Li CPA, SD (Insolvency), Pak Sun Hau #CharityBall #HKArbitrationWeek #CSR

In this article, Counsel Henno Boshoff and Anne Klein, Founder and Director at LuciaDeKlein Private Office and Advisory Club, delve into the innovative solutions offered by the British Virgin Islands and their influence in South Africa. The concept of family offices in South Africa and globally has gained popularity over the past few years, with the number of single and multi-family offices increasing yearly. The Virgin Islands Special Trusts Act and private trust company structures provide a unique opportunity for affluent families to control their assets while implementing robust succession plans effectively. These structures allow for flexibility in wealth strategy, especially with their capacity to evolve alongside family needs. VISTA trusts, for example, enable families to manage their businesses without undue trustee intervention, while PTCs offer families a hands-on approach to decision-making. With a rich legacy that includes inspirations from historic families like the Rockefellers, modern families are incorporating these strategies to harmonise their wealth with their values and mission. Although not all families require a family office, they need professional support and a family framework to set them on a path to reach their goals. Read the article to discover how proactive planning and expert advisory collaboration can shape sustainable generational success: https://lnkd.in/dTMeQnQ8 #FamilyWealth #EstatePlanning #WealthManagement #SuccessionPlanning

On 17 October 2024, the Cyprus Securities and Exchange Commission issued a statement informing the public that it will no longer accept new applications from crypto-asset service providers in the context of the local CASP registration regime under the Prevention and Suppression of Money Laundering and Terrorist Financing Law 2007. Read more in this blog post from Partner Aki Corsoni-Husain and Associate Angelos Lanitis: https://lnkd.in/eFAeWkUA #RegulatoryBlog #Cyprus #CySEC #Crypto

On 15 October 2024, the Governor of the Virgin Islands issued General Licence No. 7 2024 (maintenance of economic resources), replacing the previous General Licence No. 4 2023. Read more in this blog post: https://lnkd.in/eC626Wit Also, catch up on our other recent posts: ✒️ EU Sanctions update: Key information for affected individuals and entities under Russia sanctions – https://lnkd.in/eRuKY5s9 ✒️ Update on Russia Sanctions: Changes to licensing for UK intra-corporate services – https://lnkd.in/eYQVZV79 ✒️ UK sanctions Russian “Evil Corp” cybercrime group in global crackdown – https://lnkd.in/ehGTfYir ✒️ Frozen assets reporting deadline announced by OFSI – https://lnkd.in/ezVx7fi8 ✒️ OFSI updates: New FAQs and amended General Licence – https://lnkd.in/eRg-r5uU ✒️ UK publishes the Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2024 – https://lnkd.in/eY4i5zNg Don't want to miss out on our posts? Sign up to our newsletter: https://lnkd.in/eshfpYCr   #RegulatoryBlog #Regulatory