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4 weeks ago | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut
This chapter provides the latest information on alternativeinvestment funds and retail funds in Guernsey; including fundformation, restrictions on investors, the regulatory environment,operational requirements, the fund finance market, and theapplicable tax regime. Guernsey is frequently used by advisers and managers globallyfor the formation/domiciling of investment funds. Guernsey is oneof the world's largest offshore finance centres, with athriving funds industry.
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Nov 1, 2024 | 
mondaq.com | Michael Nielsen |Christopher Anderson |Sonja W. Sahlsten
In Crocs, Inc. v. Effervescent, Inc.,
No. 22-2160 (Fed. Cir. 2024), the Federal Circuit reversed a
district court's entry of summary judgment and held that false
claims of patent protection can give rise to a false advertising
claim under the Lanham Act.
Beginning in 2006, Crocs sued various shoe competitors for
infringement in a group of cases spanning multiple forums. U.S.A.
Dawgs, Inc.
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Aug 7, 2024 | 
mondaq.com | Christopher Anderson
The Singapore Ministry of Manpower (MOM) has stated that
non-Singapore entities wanting to engage an individual in Singapore
who is not a Singapore national or permanent resident may no longer
engage an Employer of Record (EOR) to sponsor the individual for a
work permit. This change means U.S. and other non-Singapore
entities will have to explore other options.
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Jul 24, 2024 | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut
The introduction of new listing rules to boost demand
for listing activity in the UK is expected to directly benefit
Guernsey as the leading domicile of choice for non-UK companies
listing on the London Stock Exchange.
The UK's Financial Conduct Authority
("FCA") has announced new rules for
listings on the London Stock Exchange
("LSE"), which come into effect from 29
July 2024.
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Apr 24, 2024 | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Tom Carey
Registered funds are one of the three types of Guernsey
funds1.
The Protection of Investors (Bailiwick of Guernsey) Law, 2020
(the "POI Law") grants the Guernsey Financial Services
Commission (the "GFSC") the ability to develop different
classes of funds and determine the rules applicable to such
classes.
Registered funds are subject to:
The Registered Collective Investment Schemes Rules 2021 (the
"RCIS Rules");
Registered funds can be open- ended or closed-ended.
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Feb 19, 2024 | 
mondaq.com | Christopher Anderson
Recent hikes in interest rates have led to huge increases in the
funding levels of many UK defined benefit pension schemes (DB
Schemes). Now they are in surplus, many DB Schemes are considering
a bulk annuity transaction or "buy-in". As a result, the
bulk annuity market is booming. According to a new forecast
reported by Ian Smith and Josephine Cumbo in the Financial Times, UK businesses are expected to
offload a record £60bn of pension obligations to insurers
this year.
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Jan 10, 2024 | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut
AIFMD 2 will bring significant changes to certain aspects of
AIFMD 1. The implications for Guernsey fund managers relate
primarily to reporting obligations in respect of Guernsey funds
marketed into the EU.
We consider that Guernsey remains an ideal jurisdiction from
which to access EU investors (perhaps even more so following AIFMD
2).
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Dec 21, 2023 | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut
Our investment funds team outline the latest developments within
the investment funds market in Guernsey including changes to the
requirements for individuals acting as a director, Guernsey pension
funds and the fast track application regime for managers of
overseas funds.
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Nov 23, 2023 | 
mondaq.com | Christopher Anderson
Pension funds that operate defined benefit schemes are
exposed to longevity risk; the risk that their pensioners live
longer than predicted.
Their exposure has been growing rapidly in recent years as
life expectancy has increased - just one extra year of additional
life expectancy can add 5% to a pension fund's total
liabilities.
One solution to this issue is for pension funds to transfer
longevity risk to the reinsurance market. Such a transfer can be
attractive for both parties.
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Sep 6, 2023 | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Tom Carey
Clients value our longstanding experience in investment funds
and our active role in the market. We advise on all Guernsey fund
structures, whether open-ended or closed-ended, whether authorised
or registered, whatever the underlying assets and whether
structured as limited partnerships, unit trusts or companies.
