Industry Insight - Page: 3
24 Aug 2018
As part of the ongoing effort to strengthen its position as an international financial centre and to fulfil its international obligations as a member of the Financial Action Task Force, Hong Kong has implemented the Companies (Amendment) Ordinance 2018 and the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance 2018. Pursuant to the Companies (Amendment) Ordinance 2018, which came into effect on 1 March 2018, most companies incorporated in Hong Kong are now required to maintain a Significant Controllers Register containing up-to-date beneficial ownership information.
27 Jul 2018
Maples and Calder and Maples Fiduciary recently assisted leading global alternative investment firm, TPG in respect of the launch of their first marketed Commercial Real Estate CLO.
25 Jul 2018
MaplesFS has announced its engagement with Oxbridge Re NS, a reinsurance sidecar subsidiary of Oxbridge Re Holdings Limited Oxbridge Re Holdings Limited is a provider of reinsurance solutions to property and casualty insurers primarily in the Gulf Coast region of the United States and recently reported the successful licensing of Oxbridge Re NS under the jurisdiction of the Cayman Islands Monetary Authority. MaplesFS had responsibility for facilitating the regulatory license application for a Cayman Islands regulated Class C insurance company and will act as note registrar for the company moving forward.
10 Jul 2018
Delaware has long been the premier state of formation for a variety of businesses and today, more than one million entities have made it their home. There are many factors that have helped build Delaware’s reputation as a preeminent jurisdiction for entity formation. Its flexible legal and regulatory framework ensures entity laws are continually updated so that legislation remains state-of-the-art, addressing market concerns as they develop. In addition, Delaware boasts a well respected and sophisticated judicial system and responsive and engaged government that strives to remain technologically advanced and customer-service oriented. As a result of this business-friendly environment, Delaware has enjoyed a steady increase in the number and sophistication of investment funds and asset finance vehicles formed under its law.