Sentences with phrase «of offshore assets»

They can not be expected to pursue speculative enquiries about the possible existence of offshore assets of which they have no reason to have any knowledge.

Some matters involve consideration of availability of offshore asset tracing, and cross-border judicial cooperation in offshore litigation, including proceedings concerning obtaining and preserving evidence, information orders and letters of request.

Not exact matches

Cameron Sr. was one of thousands of people named in the «Panama Papers» leak last week, that documented in exhaustive detail how a Panamanian law firm, Mossack Fonseca, had helped wealthy people around the world move their assets offshore.

Clockwise from left: Hannah Grove, Chief Marketing Officer; Karen Keenan, Chief Administrative Officer; Liz Roaldsen, EVP, responsible for leading the Beacon digital transformation initiative; Lynn Blake, Chief Investment Officer of Global Equity Beta Solutions; (on monitor from Dublin) Susan Dargan, Management and future development, offshore business and Alternative Investment Services; (on monitor from London) Maria Cantillon, EVP and Global Head of Alternative Asset Managers Solutions; Martine Bond, EVP for Trading and Clearing; Kim Newell, EVP and head of Global Markets Europe, Middle East and Africa, State Street; Brenda Lyons, Head of the Specialized Products Group; Kathy Horgan, Chief Human Resources and Citizenship Officer; and Lori Heinel, Deputy Global Chief Investment Officer.

OFFSHORE investors are targeting the assets of distressed property investment funds, while listed developers have restructured their debt and are ready to chase bargains in Perth's residential development land market, new research shows.

In addition, foreign profits invested in non-cash assets offshore would be taxed at the rate of 7 %.

Bob Bauman is one of the world's leading authorities on offshore asset protection and privacy preservation.

Domestic assets are transferred into foreign hands — including those of domestic oligarchies operating out of their offshore dollar or Swiss - franc accounts.

This net position in turn consisted of foreign currency asset holdings equivalent to about 20 per cent of GDP, with more than three - quarters of this in the form of equity investment (including direct investment by multinational companies in their offshore operations).

Steve Pastor, BHP's president for petroleum operations, said this week the company would consider swapping certain onshore oil and gas assets with competitors» offshore assets as part of its effort to exit U.S. shale operations.

A fair amoiunt of the increase in offshore USD denominated assets, might very well be MNC's profits not re-shored, and off course HNW seeking yield, deferring taxation.

Australian non-government entities issued a record $ 44 billion of bonds in the March quarter, with financial institutions and asset - backed vehicles both issuing large amounts, particularly in offshore markets (Table 14).

Yet HNA kept buying assets with the help of offshore financing and snapped up 245 Park and the East 64th Street townhouse.

The decline reflected a moderation in asset - backed issuance, which is largely in the form of AAA - rated mortgage - backed securities, and a pick - up in A-rated issuance into offshore markets.

Appleby clients have transferred trademarks, patent rights and other valuable assets into offshore shell companies, avoiding billions of dollars in taxes.

According to CBRE, Australia's commercial real estate remains an attractive asset class for offshore capital, with foreign investors accounting for 33 % of all transaction activity in the first half of 2017.

For instance, since President Mauricio Macri introduced a tax - amnesty deal to encourage those Argentines holding an estimated total of $ 500 billion in offshore assets to declare their funds, banks have been instrumental in facilitating their recovery.

It is believed there is a handful of offshore — mostly Asian — buyers looking at the asset.

Further details not stated here reveal a sprawling conduit of asset grab with funds splurging from the very purse he was elected to protect through convoluted offshore entities.

The report concludes that the so - called «King of the High Street» failed to invest sufficiently in stores, cut costs, sold assets and paid substantial dividends offshore to the ultimate benefit of his wife.

They have resulted in the so - called Panama Papers: a series of reports exposing politicians, celebrities and some criminals who used Mossack Fonseca's services to stash assets in offshore companies.

Uboh also alleged that the EFCC had not accounted for «offshore recoveries» and that «over half of the assets seized from suspects are not reflected in EFCC exhibit records».

In addition, a new «asset - based» penalty is being introduced (Sch 22 FA 2016) for the most serious cases of evasion with an offshore connection.

Examples of the types of irrevocable trusts that may be used are irrevocable life insurance trusts (ILIT), charitable trusts or other domestic and offshore asset protection trusts.

Opening and maintaining an offshore bank account for your Belize IBC, Belize LLC, Belize Foundation, or Offshore Trust is an important component of your asset protection or tax planning strategy.

Canadian infrastructure giant Enbridge has sold C$ 1.75 bn ($ 1.35 bn) of renewable energy assets to the Canada Pension Plan Investment Board (CPPIB) via a joint venture created by the two that will target European offshore wind investments.

Add in the significant environmental benefits of offshore wind, especially in light of the new carbon regulations from power plants, and offshore wind may prove to be an extremely valuable asset for our state.

She manages SEWC's programming and operations across 11 states working with a wide variety of stakeholders to promote land - based and offshore wind, wind imports, and the regions» supply chain assets.

«We'll prudently maintain our offshore wind assets — which includes working with the Bureau of Ocean Energy Management (BOEM) on a lease for the Delaware project — and continue to seek a buyer or major investor for that project.»

The observational strategy consisted of the use of land and offshore assets to monitor:

So this story — reported by Cleantechnica — is about perfectly designed to make my little TreeHugging heart sing: Norwegian oil and energy giant Statoil has spent the end of 2016 selling off its assets in Canadian tar sands, and securing rights to develop a gigantic offshore wind farm off the coast of New York State.

Any move by the Norwegian wealth fund to offload its fossil fuel assets would send shockwaves around global markets, given that the fund, itself built on the country's offshore oil and gas revenues, holds an estimated 1.3 per cent of global market capitalisation.

In the landmark Charman v Charman divorce ruling, the English Court of Appeal ruled last year that assets in offshore trusts created by one spouse may be included in the «matrimonial pot» of assets that an English court in a divorce case should «fairly» divide.

Representing a European utility in a Commercial Court dispute with a former joint operating partners in relation to the provision of decommissioning security for an offshore asset in the North Sea.

He has 12 years» experience of major commercial litigation in such diverse areas as bribery and corruption of senior executives and misappropriation of corporate assets (including the 24 - week Fiona Trust trial), international arbitration (typically LCIA, ICC, LMAA and UNCITRAL and frequently for or against states or state - owned companies), proceedings in the Commercial Court under the Arbitration Act 1996, banking litigation, offshore engineering, shipping and insurance.

It has also handled various matters for E.ON Climate & Renewables, including assisting with the disposal of transmission assets to the offshore transmission owner, drafting and negotiating an interface agreement and advising on construction contracts, crossing and proximity agreements and security transfers.

«The BVI remains firmly entrenched as one of the premier offshore jurisdictions, particularly for international transactional work and asset holding structures.

The Firm's practice includes: (i) formation of domestic and offshore investment vehicles of all types, including venture capital funds, and a sub-specialty in real estate opportunity funds, (ii) taxation of investment partnerships and other investment vehicles, and (iii) securities and corporate governance matters relating to portfolio companies (private and public) or real estate assets of the funds.

In couple disputes, what are the challenges of tracking assets that are held internationally — in an offshore trust for example?

What this all means for Canadian taxpayers is that countries around the world are beginning to take note of the success that anti-tax evasion legislation is having, and both the tax authorities and major banks are starting to increase transparency in an effort to prevent taxpayers from hiding offshore assets through jurisdictions that are were traditionally known for their secrecy.

Without doubt it was material to the decision that the offshore company was formed to do one thing and one thing only (to acquire an asset for more than it was worth and trigger a tax loss) but practitioners should take heed of the trend these two cases demonstrate.

However, there were anti-avoidance rules designed to stop UK resident and domiciled people taking advantage of this fact by transferring their assets to offshore trustees, having the trustees make a gain and handing the proceeds back to the UK residents CGT - free.

For example, there is no point in advising a client to move his assets into an offshore trust if that will destroy a relationship with his soon - to - be ex or drive an inappropriate wedge between him and other members of his family.

A breach of trust claim against former trustees of an offshore trust being brought in an offshore jurisdiction, relating to the mismanagement of trust assets.

It is necessary to be a good business lawyer, first of all, with vast knowledge on financial and banking law, in order to understand the transactions, transfers of money funds, to know the manner of functioning of various assets registers, such as: cadastral, yacht, company registers, as well as offshore accounts and business structures and systems.

Alexander Grant Qualified: 2004 Made partner: 2015 Key cases: Currently advising on the London Array, the world's largest operating offshore wind farm — advising on project implementation, delivery and dispute resolution on all package contracts since 2011, including claims advice during the construction phase and following transfer of transmission assets to an OFTO, re-negotiation of two contract packages and providing defect - related advice in relation to potential claims against contractors.

The court followed Marley v Rawlings and decided that in all the circumstances the testator clearly intended those assets to go to the charity and adopted a wider interpretation of «UK» to include the offshore accounts.

Charles Thomson Qualified: 2004 Made partner: 2014 Key cases: Acted in the Grupo Torras case for the past decade, assisting the Kuwaiti government to obtain and enforce judgments around the world and to successfully restrain and recover assets that were stolen through a sophisticated series of frauds and concealed in offshore trust structures and other asset protection vehicles.

Forbes v The Director of the Assets Recovery Agency [2007] STC (SCD) 1): Application of Part 6 to Inheritance Tax functions including offshore provisions.

We have significant expertise in complex offshore corporate and trust entities, high value family or business assets, the tax consequences of divorce or separation and pension issues.