Legal & Regulation

In the first of two articles, Grant Stein (pictured), global managing partner of international law firm Walkers, argues that contrary to popular stereotypes, the Cayman Islands are not only fully committed to tax transparency and information-sharing but are actively involved in the OECD’s decision-making process for shaping international standards in this area. »

The Australian Securities and Investments Commission has obtained court orders winding up four companies which operated as part of the fundraising arm of a Gold Coast-based property development group, known as the IC Group. »

Dechert’s Declan O’Sullivan and Conor Durkin outline recent changes in revenue practice under which Irish funds may obtain an exemption from the Irish Revenue Commissioners making it easier for investors to subscribe for shares/units in an Irish fund. »

The Australian Securities and Investments Commission has moved to appoint receivers to an additional five unregistered property ventures associated with Melbourne company director Mark Ronald Letten. »

Guernsey’s government plans to give financial institutions a window from 1 January 2011 to 1 July 2011 for moving to automatic exchange of information. »

Staff changes at its Guernsey office is not a precursor to the transfer of fund administration operations outside the island, according to alternative fund service provider Butterfield Fulcrum Group. »

The Dubai International Financial Centre Authority has welcomed a series of regulatory changes to the DIFC’s collective investment funds regime. »

The Guernsey Government’s publication of a consultation document on its future corporate tax regime has been welcomed by the promotional agency for the island’s finance industry. »

The International Organization of Securities Commissions has published its revised Objectives and Principles of Securities Regulation to incorporate eight new principles, based on the lessons learned from the recent financial crisis and subsequent changes in the regulatory environment. »

The non-listed real estate industry can improve standards of corporate governance, particularly transparency, accountability and alignment, according to a report from Inrev. »