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DAC 6 update welcomed

It is good to see some positive news this year for UK-based intermediaries. Following the signing of a new free trade deal with the EU by Prime Minster Boris Johnson, the EU directive DAC 6 ceased to apply in the UK from 11pm on the 31 December 2020. In my...

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Trustees and sustainable investing

PraxisIFM has a long tradition of working with families and legal advisors to tailor trust provisions to meet their specific needs and concerns, including the way that trust funds are invested. In this article, In House Legal Counsel Mark Biddlecombe takes a look at trusts and sustainable investing. One of...

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Eco focus for PraxisIFM as Ecofin IPO launches

PraxisIFM Fund Services (UK) has boosted its green credentials. It is providing administration and corporate secretarial services to recently listed Ecofin U.S. Renewables Infrastructure Trust plc (RNEW), which was admitted to the London Stock Exchange (LSE) on 22 December 2020. RNEW is one of three renewable infrastructure funds that the...

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Negotiations with Oak Group close

The PraxisIFM Group has today announced that negotiations to combine with Oak Group have closed. The end of negotiations will enable both companies to continue to focus on performance improvement and integration within their own businesses. As announced in its 2020 Annual Report, PraxisIFM is undergoing a process of performance...

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Global expansion services and the new UK investment office

A major addition to the UK Government’s ability to attract foreign investment was announced by Prime Minister Boris Johnson last month. The newly-formed Office for Investment will boost the UK’s ability to secure high value investment opportunities which align with the Government’s key priorities. These priorities include reaching net zero greenhouse gas emissions, investment in infrastructure and advancing...

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In House Legal team contributes to leading law review

For the fifth consecutive year the Guernsey chapter in the year ‘The Private Wealth and Private Client Review’ has been written by In House Legal team Rachael Sanders Mark Biddlecombe and Keith Corbin. This year’s update includes the move to island-wide voting, the cybersecurity threat during COVID-19 and proposals to transfer jurisdiction for...

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PraxisIFM co-sponsors IoD student event

The Guernsey Branch of the Institute of Directors (IoD) will be hosting a Career Inspiration Summit for local students in December supported by PraxisIFM and other local organisations. The event aims to provide insights and inspiration for local students, with entrepreneurs and industry professionals sharing their career journeys and experiences...

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A brave new world for import VAT

New year and new beginnings. For the UK, 2021 will bring the start of an era where it is no longer a part of the European Union. As the transition period draws to a close, so will the UK’s import VAT agreement with the EU, meaning that UK VAT-registered businesses...

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PraxisIFM in Guernsey named a Winter Champion

PraxisIFM has been recognised by the States of Guernsey as a ‘winter champion’ The winter wellness campaign was launched by the local government to encourage businesses to do what they could to protect staff and the wider community during the COVID-19 pandemic. As a financial services company, it was pretty...

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BVI economic substance – last chance to report

With timing running out before the 29 December 2020 deadline for BVI’s economic substance reporting we’ve taken another look at the requirements. The legislative background Deemed ‘no or nominal tax’ offshore jurisdictions have come under the spotlight in recent years after the EU and OECD introduced initiatives aimed at curtailing...

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