Back

What's On

New laws and regulations have been introduced and adopted in Bermuda, the British Virgin Islands and the Cayman Islands at the start of 2019, which require certain entities carrying on specific types of business to demonstrate adequate economic substance in that jurisdiction.

This presentation will walk you through the latest developments in respect of economic substance requirements in each of these jurisdictions, and show you how to assess the impact of, and apply, these laws and regulations for the Bermuda, British Virgin Islands and Cayman Islands in-scope entities.

Talk Outline:

1.   Background, Timetable, Deadlines and Development of Economic Substance Legislations
2.   In-scope Entities
3.   Relevant Activities
4.   Economic Substance Tests
5.   Filing Requirements, Enforcement and Penalties

Speaker(s) Fiona Chan, Partner, Appleby
Fiona Chan is a Partner in the Corporate department of Appleby's Hong Kong office, advising on a full spectrum of banking and finance, non-contentious insurance, technology and innovation, private client and trust matters relating to the laws of Bermuda, British Virgin Islands and Cayman Islands. She is also a member of Appleby's Global Technology & Innovation and Economic Substance Group. She has almost 20 years of offshore and onshore experience in the Asian markets.

Vincent Chan, Counsel, Appleby
Vincent Chan is a Counsel in both the Corporate and the Private Client & Trusts departments of Appleby´s Hong Kong office. He joined Appleby in 2007 and has over 11 years of offshore law experience in the areas of corporate and capital markets (with a strong focus on private and public offerings of debt and equity, public and private mergers & acquisitions, private equity and restructuring), banking & asset finance, as well as trusts & foundations.
Language English
Date and Time 2019/09/17 16:00 to 17:30
Venue Chamber Theatre, 22/F United Centre
Media Closed to media
Enquiries Karen Au
Tel: 28231200
Email: karen@chamber.org.hk
Fee Members @ HK$280 / Non-Members @ HK$580
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.