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Vistra Malta is proud to announce, that in conjunction with the Hilton Malta and Maltese artist Alan Azzopardi, they will hold a philanthropic event. The purpose of the event, which will be held on 26 April, is to raise awareness about organ donations and to raise funds for the donation unit at the general hospital in Malta.Alan Azzopardi, artist and designer, who is also one of Vistra Malta’s suppliers, started losing the sight in his right eye four years ago. With thanks to an organ donation, Alan is well on his way to recovery. Vistra Malta has commissioned 12 charcoal drawings from Alan, with the understanding that he donates part of the proceeds to the charity. Vistra Malta will double his donations. The Hilton Malta agreed to sponsor...
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We are pleased to announce that we have been named ‘Fund Administrator of the Year’ at the Private Equity Awards 2018.The award recognises the overall achievement of fund administrators in the calendar year of 2017, reflecting success in creating value for clients through the use of technology, understanding of ever-changing regulation and best-in-class reporting and analysis, as well as the overall evolution of team and strategy.Commenting on the win, Onno Bouwmeister, Group Managing Director, Alternative Investments at Vistra said: “This is a huge achievement for Vistra, a reflection of the hard work that has come out of our fund administration teams. Our Alternative Investments business continues to grow, particularly around our funds...
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This bulletin summarises the implications of current personal data protection regulations that are applicable in Singapore. You may have received a communication from the Personal Data Protection Commission (“PDPC”) on this topic recently.Key LegislationOn 2 January 2013, the PDPC commenced its operations to administer and enforce the Personal Data Protection Act (“PDPA”) in Singapore. The PDPA is a data protection law that sets out standards governing the collection, use, disclosure and care of personal data.The General Data Protection Regulation (“GDPR”) is a European Union (“EU”) legislation that sets out similar standards for organisations that process the personal data of EU natural persons (“Individuals”). The GDPR was approved by...
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A new treaty has been signed between Cyprus and the UK, which replaces the treaty signed between the two countries in 1974. It is expected that the new treaty will soon be ratified, and therefore come in to effect as of 1 January 2019.Based on the OECD Model Tax Convention, the treaty applies to taxes on income as well as gains from alienation of movable or immovable property. In the case of the UK, the treaty covers the income tax, the corporation tax and the capital gains tax; whereas in Cyprus, it covers corporate and personal income (including pensions), as well as for domestic special defense tax.The treaty assures the elimination of withholding tax on dividends, where the recipient is the beneficial owner of such income; except where...
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Last year we released two pieces of thought leadership; ‘Vistra 2020’ and ‘The Manager and Investor Perspective’. Vistra 2020 was first released in 2010, examining the future and understanding the long term trends that the offshore industry face. This year we decided to enlarge the scope covering more than just offshore. The Manager and Investor Perspective was released for the first time in 2017 and took a deeper dive into how the private equity market is changing and examined this from both the manager and investor perspective. We are delighted to have been shortlisted in the ‘Corporate Thought Leadership’ category at the Citywealth Brand Management and Reputation Awards as a result of these two pieces of successful thought leadership....
