Latest News for: Offshore trust


IR35: Government sets out plan to rid contractor market of non-compliant umbrellas and loan schemes

Computer Weekly 22 Jul 2021
Such schemes tend to be run as offshore employee benefit trusts, but the operators of them usually rely on UK-based, non-complaint umbrella companies to onboard contractors who may or may not know that they have been enrolled in a disguised remuneration scheme.

North Star Plans World's First Hybrid Daughter Craft for Offshore Wind

The Maritime Executive 21 Jul 2021
"The design builds on learnings from our low emission research and development project funded by the Carbon Trust’s Offshore Wind Accelerator, and, working with North Star, we have been able to develop an effective hybrid vessel that will live up to the demands of offshore ...

ClassNK & the Carbon Trust Sign MoU to Support Japanese Offshore Wind

The Maritime Executive 19 Jul 2021
ClassNK, an internationally recognised classification society and the Carbon Trust, a global climate change consultancy, have signed a Memorandum of Understanding (MoU) to support the progress of offshore wind power generation in Japan ... ?Jan Matthiesen, Director Offshore Wind at the Carbon Trust.? ....

DOE eyes offshore wind power projects

Manila Standard Today 19 Jul 2021
The Department of Energy said it is teaming up with Carbon Trust and the Global Wind Energy Council to help unlock the country’s offshore wind potential ... together to develop the country’s offshore potential.

Rights awarded to offshore wind projects

The Manila Times 19 Jul 2021
"While the Philippines is still in the early stages of its offshore wind journey, the DOE had already awarded development rights to initial projects in the northern and central areas of the country," said the DoE in a statement ... the country's massive offshore wind potential.

Floating offshore wind technical challenges under the microscope

Splash24/7 14 Jul 2021
A report issued by the Carbon Trust Floating Wind Joint Industry Project (JIP) provides the findings of the group’s study on the technical opportunities and challenges for the floating offshore wind sector as it moves toward commercial-scale farms ... Wind at the Carbon Trust.

Loan charge MPs call for prime ministerial intervention to prevent mass contractor bankruptcies

Computer Weekly 12 Jul 2021
The MPs’ letter, seen by Computer Weekly, states ... These loan-based remuneration schemes were typically run by offshore employee benefits trusts, and were often erroneously marketed as being an HMRC-compliant means for contractors to bolster their take-home pay, with contractors often advised to join such schemes by respected tax advisers ... It added.

People: Shoosmiths boosts disputed wills and trusts department; Shakespeare Martineau adds to residential development team; and more

The Business Desk 09 Jul 2021
Laura Abbott has joined Shoosmiths to lead the firm’s disputed wills and trusts team in Birmingham ... She has also completed the Association of Contentious Trust and ... He has extensive experience in UK inheritance tax, UK resident and offshore trust taxation, and non-UK domiciles.

Balancing open justice and confidentiality in offshore trust proceedings

Reuters 08 Jul 2021
July 8, 2021 - United States lawyers may need to litigate trust proceedings involving businesses or family assets in offshore jurisdictions if the trust in question is domiciled in one of those jurisdictions ... In this regard many of the offshore courts have considered the administrative nature of many trust applications.

New Jersey Selects Ørsted's Ocean Wind 2 as Part of the State's Second Offshore Wind Solicitation

The Trentonian 30 Jun 2021
While Ocean Wind 1 has already laid the foundation for small, women-owned and minority owned businesses to enter in the developing offshore wind industry with its $15 million Pro-NJ Grantor Trust, Ocean Wind 2 expands upon the commitment to ensure a strong and inclusive industry.

CapitaLand gets PE fund manager status in China, to launch first RMB fund in Q4

Straits Times 24 Jun 2021
In a bourse filing before markets opened, the property giant said it was "one of a select few" wholly foreign-owned enterprises to do so ... This will help to further diversify our domestic investor base in China and complement our existing offshore capital platforms such as CapitaLand China Trust and portfolio of private funds." ... More on this topic. �.

Siem Offshore awarded OSCV contract off Norway

Splash24/7 23 Jun 2021
“It is the first ever contract between the parties, and it is highly satisfactory to see the trust placed in Siem Offshore to ...

PIETER HUNDERSMARCK: Ham-fisted Naspers and Prosus serve their shareholders baloney

Business Day 23 Jun 2021
Overshadowing any operational result from Naspers and Prosus is the increasing concern around capital allocation and management incentives that have destroyed shareholder value for more than a decade ... SA unit trusts have been able to invest directly offshore for many years and could easily have bought Tencent directly instead of Naspers ... .

Top 5 Offshore Software Development Companies in Vietnam - Selected by The Vietnam Software Industry Insights

Citizen Tribune 22 Jun 2021
This article is about Top 5 Offshore Software Development Companies in Vietnam certified by, The Vietnam Software Association ... Saigon Technology is one of the most reliable and trusted offshore software development firms in the country ... KMS Technology is another top company in the offshore software development space.

Banks close doors on Evergrande

Hong Kong Standard 22 Jun 2021
Some Chinese trust firms - the second-biggest lenders to Evergrande after banks - have also been reassessing their exposure to the company, people familiar with the matter said ... Both firms are among the 10 largest providers of trust loans to the developer.

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