Jamaica Continues Apace to Become an International Financial Service Centre

Image rights generally speaking are intellectual property rights that are intended to protect the use of a person’s name, personality, distinctiveness, likeness and even gestures. Guernsey’s law, set to become active just in time for the London Olympics, will allow sports stars and other individual that derive a considerable part of their income from the exploitation of their image to better – from a tax and asset management perspective – manage the income from their image. For example the law would allow an “image individual” to separate the income they earn directly from doing their jobs and those gained from the use of their image.

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Real Estate investment going up in the U.S. Say what?

By: Eran D. Grossman Yes that’s right.  With growing concern about a commercial real estate bust and home prices continuing to fall, real estate stocks are soaring.  What you say? Shares of Real Estate Investments Trusts, a/k/a REITs, are lucrative investment vehicles thus far in 2010.  The IShares Dow Jones Real Estate exchange-traded fund, which owns about seventy-five real estate

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Jamaica To Hire Baker & MacKenzie As Financial Centre Consultants

By: Ainsley Brown Jamaica is set to hire global legal giant Baker & MacKenzie (Baker) as its consultant on its new International Financial Centre (IFC). The deal, the details of which are still immerging, is subject to Cabinet approval and would see Baker advising the Jamaican government on the best ways to implement the IFC in this current economic climate. 

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UK New Supreme Court Hands Down Its First Business Case Ruling: The Sigma SIV

By: Ainsley Brown The UK’s highest court, its new Supreme Court – new in name only, it still has the same functions as the old House of Lords – has handed down its first business case ruling. And it is a significant one, not just for those directly affected by the ruling but also within the wider UK and international

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Russia Drops Two Year Legal Battle Against New York Bank

By: Ainsley Brown The Russian Federal Customs Service has dropped its $22.5 billion suit against Bank of New York Mellon (BNY), the world’s largest custodian of assets. Yes, you read that correctly that 22.5 Billion with a B. The suit was brought by the Russian Federal Customs Service in 2007 alleging that BNY was at the centre of illegal money

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Liechtenstein And The UK Enter Tax Info Sharing Agreement

By: Ainsley Brown It has been reported in the Times that ¨up to 5, 000 British investors have an estimated £3 billion stashed away in secret accounts in Liechtenstein. It is a good thing then, well good from the perspective of HM Revenue & Customs (HMRC), that Liechtenstein and the UK Government have reached an agreement on the sharing of

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