Latest News from Guernsey Finance

Guernsey launches QROPS seminar series for the UK

GFAdmin2 — Thu, 29 Jul 2010 11:28:02 +0000

The very latest thinking on Qualifying Recognised Overseas Pension Schemes (QROPS) will be examined at a series of seminars to be hosted by Guernsey across the UK this autumn.

Guernsey has already held two QROPS events in London during the past nine months and it is now planning masterclasses in Manchester, Bristol and Birmingham during September and October. They will include an examination of recent developments such as the introduction of Qualifying Non UK Pension Schemes (QNUPS).

Guernsey plans timing for move to automatic exchange of information

GFAdmin2 — Wed, 28 Jul 2010 12:00:12 +0000

Guernsey’s Government has announced that it plans to give financial institutions a window from 1st January 2011 to 1st July 2011 for moving to automatic exchange of information.

Ogier advises EQT V Fund on financing of new acquisitions

GFAdmin2 — Wed, 28 Jul 2010 08:16:01 +0000

Ogier has advised the EQT V Fund, an authorised, closed-ended Guernsey investment fund, on two substantial acquisitions in Scandinavia.

Ogier advised the fund on the financing of its acquisition of a controlling interest in AcadeMedia AB, Sweden’s largest private education group by way of a public offer.

Guernsey-based Asian property fund moves to the main market

GFAdmin2 — Fri, 23 Jul 2010 11:35:56 +0000

Carey Olsen has acted as Guernsey lawyers for Macau Property Opportunities Fund Limited, a Guernsey-domiciled Asian property investment fund, on its move from AIM to the London Stock Exchange’s main market.

UK debate shows 'growing understanding' of small IFCs

GFAdmin2 — Thu, 22 Jul 2010 12:48:06 +0000

Yesterday’s discussion in Westminster Hall on ‘Offshore Financial Centres’ highlights a growing understanding among UK MPs of small International Finance Centres (IFCs), according to Peter Niven, Chief Executive of Guernsey Finance.

The Rt. Hon. Mark Field, Conservative Party MP for the Cities of London and Westminster, opened proceedings by saying that the debate over the role of small IFCs had been, to date, “remarkably one-sided.”

Lord Mayor of London endorses Guernsey

GFAdmin2 — Thu, 22 Jul 2010 12:33:40 +0000

The Lord Mayor of the City of London, Alderman Nick Anstee, has endorsed Guernsey as an International Finance Centre (IFC) during his visit to the Island this week.

Alderman Anstee was in Guernsey on Wednesday where he met with senior politicians and business leaders. He commented that the Island is a “very confident” and “professional” IFC which “is an integral component of the financial services operation that is the City of London.”

Management of award-winning fund transferred to Guernsey

GFAdmin2 — Wed, 21 Jul 2010 07:14:13 +0000

The management of an award-winning sterling bond fund has been transferred to LCF Edmond de Rothschild Asset Management in Guernsey.

The Prifund Bond Fund, which won the 2010 Lipper Netherlands Best Sterling Bond Fund over three years award, is part of a Luxembourg umbrella that covers a range of traditional, alternative and quantitative funds. It was previously managed from Edmond de Rothschild’s head office in Geneva but day to day control has now been transferred to Guernsey.

Lord Mayor of London to visit Guernsey

GFAdmin2 — Mon, 19 Jul 2010 11:41:27 +0000

The Lord Mayor of the City of London, Alderman Nick Anstee, is visiting Guernsey on Wednesday 21 July.

Guernsey trio named as leading funds lawyers

GFAdmin2 — Mon, 19 Jul 2010 10:22:19 +0000

Three Guernsey lawyers have been named among the world’s leading practitioners in their field.

Carey Olsen Partners Graham Hall and Ben Morgan and Consultant Nigel Carey have been recognised in the Guide to the World’s Leading Investment Funds Lawyers, part of the Expert Guides series for 2010.

The publication features only individuals nominated by their clients and professional peers.

Guernsey signs tax agreement with Portugal

GFAdmin2 — Thu, 15 Jul 2010 12:01:26 +0000

Guernsey has signed a Tax Information Exchange Agreement (TIEA) with Portugal.

It was signed by Guernsey’s Chief Minister Lyndon Trott and the Portuguese Secretary of State for Tax Affairs Professor Sergio Vasques (see picture). The ceremony took place on Friday 9th July at the Portuguese Embassy in London where the other Crown Dependencies – Jersey and the Isle of Man – also signed similar agreements.