Conyers Dill & Pearman provided British Virgin Islands and Cayman Islands legal advice to Pipeline Engineering Holdings Limited (the “Company”) in connection with its HK$126.5 million initial public offering of 230,000,000 shares on the Main Board of The Stock Exchange of Hong Kong (Stock code: 1865).
Bermuda, the Cayman Islands and BVI have recently passed legislation with regards to the economic substance of certain entities based in those jurisdictions, in order to meet requirements set down by the EU’s Code of Conduct Group (Business Taxation).
Conyers lawyers can help you determine whether or not your entity or proposed entity will be in scope of the legislation.
Tasked with a request to approve a trustee’s “momentous decision”, in the recent decision of In the Matter of A Trust (the “Judgment”) the Hon Justice Kawaley took the opportunity to restate the principles applicable to “Category 2” Public Trustee -v- Cooper applications.
The Judgment also provides useful guidance for both trustees and beneficiaries who are seeking to negotiate proposals for the distribution of assets held in discretionary trusts, which are likely to be the subject of Court blessing applications.
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