Overview

The Automatic Exchange of Information (AEOI), which comprises due diligence and reporting regimes such as the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) introduces an information standard for the automatic exchange of financial information to combat tax evasion.  While this is a significant step toward a globally coordinated approach, it does introduce added complexity and an increased compliance burden.  The Maples Group is uniquely positioned to provide legal advice and administrative solutions to clients on all aspects of the AEOI, providing constructive and insightful advice and offering flexible and cost effective solutions to ensure clients meet the necessary requirements.  Our services include:

  • Advising on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg or assisting in relation to the potential application of FATCA and CRS, including entity classification, local and foreign tax authority registration and notification requirements, availability of reporting exemptions, self certification and due diligence requirements;
  • Drafting or reviewing language for incorporation into offering materials, constitutional and other documents, where relevant;
  • Drafting or reviewing self certification forms, sponsored entity agreements and delegation agreements;
  • Drafting or reviewing policies and procedures;
  • Registering a client with the IRS and obtaining a Global Intermediary Identification Number (GIIN), and/or registration, notification and liaison with local authorities, as applicable;
  • Classification, validation and remediation of pre-existing accounts;
  • Onboarding new accounts to ensure required data is captured, and obtaining forms and due diligence documentation for validation up front to facilitate compliance;
  • Preparation and filing of reports that are compliant with applicable legal requirements; and
  • Sponsoring entity services - taking responsibility for FATCA compliance on behalf of the client, including performing all initial and ongoing due diligence to identify any reportable accounts, GIIN registration and reporting where applicable.

Locations

Cayman Islands   |   Dublin   |   Luxembourg
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Please note that your email may be received and read by other Maples Group employees in addition to your intended recipient.

The use of this form does not create an attorney-client relationship and information submitted will not necessarily be treated as privileged or confidential, nor will it prevent us from accepting related instructions on behalf of others. Do not send us any information regarding any current or potential legal matters until your proposed engagement of us as legal counsel has been agreed and confirmed by us in writing.

Announcements

Maples Group Enhances Offering with Irish Owner Trustee Services for Aircraft Assets

As Aviation industry participants become familiar with the use of trusts and aircraft trading volumes continue to grow, the use of owner trust structures in Aviation deals is expected to become increasingly prevalent.

24 Nov 2020

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Announcements

Maples Group Maintains Top Tier Rankings in 2021 Legal 500 Caribbean Guide

Maples and Calder, the Maples Group's law firm, is proud to announce that it has once again achieved top-tier rankings in The Legal 500 Caribbean 2021 Guide, further demonstrating its leading position in the region. 

17 Nov 2020

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Deals

Maples Group Supports E-Scooter Producer Ninebot in First-Ever Listing of CDRs on China's STAR Market

The Maples Group was pleased to support Ninebot Limited ("Ninebot") on the first-ever listing of Chinese Depositary Receipts ("CDRs") on the Shanghai Stock Exchange Science and Technology Innovation Board ("STAR Market"). The offering, which closed on 29 October 2020, was a listing of 70.4 million CDRs that raised approximately RMB 1.33 billion.

29 Oct 2020

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Deals

Maples Advises on Baidu's US$950 million Bond

Maples and Calder, the Maples Group's law firm, was pleased to act as Cayman Islands and British Virgin Islands counsel to Baidu, Inc. (the "Issuer") on its issue of an aggregate of US$650million 1.720% notes due 2026 and US$300million 2.375% notes due 2030, which closed on 9 October 2020. 

29 Oct 2020

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Announcements

Maples Group Appoints Claire Morrissey to Lead Data, Commercial & Technology Practice

The Maples Group is pleased to announce the appointment of Claire Morrissey to its growing Irish office.  

28 Oct 2020

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Announcements

Maples Advises Apache Capital Partners on Sale of International Firm's HQ in Jersey

 Maples and Calder, the Maples Group's law firm was delighted to once again act as lead Jersey counsel for Apache Capital Partners on a recent transaction.

21 Oct 2020

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