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NEWS


businesslife.co spreads its wings CHAMELEON Group’s business and lifestyle title


businesslife.co has embarked on the first stage of its expansion by entering into a distribution agreement with Guernsey Airport. Chameleon has also signed a digital publishing agreement with YUDU, which will allow a content-rich media platform to be rolled out from December.


Carl Methven, Co-Founder of Chameleon Group, said: “As the magazine enters its third year, the change in title from businesslife.je to businesslife.co heralds a new chapter as we expand into Guernsey and other territories and take businesslife.co to a global audience.” This issue will see 3,000 copies directly mailed to Directors and Partners in Jersey, Guernsey and the UK, with a further 6,000 copies distributed across the islands.


Mauritius office for Bedell Group


BEDELL Group has opened an office in Mauritius in order to extend its global reach. Bedell Cristin (Mauritius) Partnership will be headed by Yuvraj Juwaheer and will specialise in providing legal advice in relation to corporate, funds, banking and structured finance and trust work, with a particular focus on the markets in India, Africa and the Far East. Juwaheer has over 15 years’


experience in the global business sector. He was a member of the Mauritian government steering committee, set up in 2004 to consider opening the island to international law firms, and was an independent director on the board of a number of Indian funds.


Jersey and Guernsey forge links with China


JERSEY’S Chief Minister, Senator Terry Le Sueur, has signed a Tax Information Exchange Agreement (TIEA) with Commissioner Xiao Jie of the People’s Republic of China, bringing to 17 the number of TIEAS that have now been signed with a range of jurisdictions. Commenting on this being the first TIEA to be signed in Jersey, Senator Le Sueur said: “The fact that Commissioner Xiao Jie has come to the island with five officials is a clear indication of the importance they attach to this agreement. It’s a very significant step down the road of an ever-strengthening political and business relationship, from which we believe both Jersey and the People’s Republic of China can benefit.” Similarly, the Guernsey government has signed a Memorandum of Understanding


(MoU) with the Shanghai Municipal Financial Services Office, which establishes a framework for exchange and cooperation between the two jurisdictions. The MoU highlights how Guernsey can assist in the development of Shanghai as an international finance centre, while Shanghai can support Guernsey firms doing business in the city.


Vistra expands into China


VISTRA is expanding into mainland China for the first time through the acquisition of a trust and corporate service business in Guangzhou. The acquired business, which currently specialises in providing immigration authentication services supporting applications for investment immigration visas to the US, will be rebranded as Vistra. The Managing Director of Vistra


Hong Kong, John Ashwood, said: “Vistra’s first step into mainland China will be a foundation from which we can build our China office network. It is Vistra’s objective to become recognised as a leading company in our industry, and the China market is an important part of our strategy to achieve our goal.”


6 businesslife.co December 2010/January 2011


businesslife.co business news . views . comment . lifestyle Issue 12: December 2010 /January 2011


When is a gift not a gift ? Will the new UK Bribery Act stop corruption or just cause confusion?


SINGAPORE: How a small Asian island stepped up to become a big financial player CLOUD COMPUTING: The future of business and technology takes shape


PLUS: NEWS . APPOINTMENTS . PRIVATE JETS . RDR . SCOTT HAUGHTON . SMEs AND BANKING . LIFESTYLE www.businesslife.co


BUSINESSLIFE.CO


ISSUE 12 . DECEMBER 2010/ JANUARY 2011


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