Sovereign Report – Issue 2

Content Summary

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Download a copy of Issue 2

1. European News
   • Gibraltar: New HNWI rules
   • Ireland: Ansbacher deposits inquiry
   • BOI: Legislation “unprecedented”
   • IOM: E-commerce Bill
   • Switzerland: OECD warning
2. USA & Caribbean News
   • USA: Russion money laundering
   • Bahamas: Securities Industry Act
   • BVI: Code of Concudt Bill
   • Caribbean: New Court of Justice
3. Far East News
   • Mauritius: Finance Act 1999
   • Hong Kong: China overturns ruling
   • UAE: Abu Dhabi free trade zone
   • New Zealand: “Winebox” inquiry
4. Legal News
   • US: Attack on asset protection trusts
   • Bahamas: Mareva injunction ruling
   • UK: trust transfer invalid
5. Fiscal News
   • EU: Deadlock on savings tax issues
   • Hong Kong: Ramsay principle
   • EU: Money laundering rules extended
   • US:IRS targets expatriates
6. Special Report
   • Letter from Hong Kong
   • Michael Foggo of Sovereign Trust International examines the highs and lows of Hong Kong after the handover to China and looks to the future