The first six months of 2020 saw Americans renouncing their citizenship at the highest levels on record, according to New York accountancy firm Bambridge.
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Published date
13/08/2020
Under Executive Decree No. 343 of July 7, Panama’s Ministry of the Economy and Finances (Ministerio de Económia y Finanzas, MEF) has published an updated list of reportable jurisdictions for the purposes of exchanging financial information under the Common Reporting Standard (CRS), as well as reporting deadlines.
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Published date
12/08/2020
Russia has announced it is unilaterally cancelling its double taxation agreement (DTA) with Cyprus, following the failure of negotiations to amend the treaty in line with Moscow's new anti-offshoring business tax regime.
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Published date
10/08/2020
The UK government has published draft proposals requiring practitioners to use the online service when applying for non-contentious grants of probate or letters of administration in England and Wales.
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Published date
10/08/2020
The Hong Kong Monetary Authority (HKMA) has issued a draft code of practice intended to improve the regulation and supervision of trust businesses in the jurisdiction's banking sector.
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Published date
06/08/2020
Four UK charities are suing a law firm, one of its partners and its insurers, to recover millions of pounds stolen from the firm's client account by another partner during the administration of various clients' estates.
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Published date
06/08/2020
The British Columbia Supreme Court (BCSC) has found that a man’s “moral obligation” to his adult daughter under BC wills variation law was not discharged by him benefitting her sons at her expense.
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Published date
04/08/2020
Jersey has begun consulting on secondary legislation regarding the beneficial ownership disclosure provisions of the Financial Services (Disclosure and Provision of Information) Law, which was enacted on 14 July.
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Published date
03/08/2020
The personal representatives (PRs) of deceased teacher and clergyman Michael Studdert have been ordered not to distribute the rest of his GBP4.7 million net estate until they have published notice online in anticipation of potential compensation claims.
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Published date
03/08/2020
Amendments to Bermuda's Trusts (Special Provisions) Act 1989 (the 1989 Act), passed by Bermuda's House of Assembly on 24 July, strengthen the jurisdiction's firewall provisions protecting trust assets from orders of a foreign court under foreign law.
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Published date
30/07/2020