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Vadim BlauStein: The Fourth Anti-Money Laundering Directive and the Beneficial Ownership Register


As this directive directly relates to the areas of financial, corporate and trust services, we ask Vadim Blaustein, CEO of BlauStein Lawyers, to provide comments on this topic. Mr. Blaustein, your company has its headquarters in the Netherlands. Could you say that many things have changed in your business area after the 4th AML Directive came to force? Vadim Blaustein: The impact of the new Directive is not that big. In fact, the Netherlands were traditionally in the front lines of the fight against money laundering and had quite an exte... Read More »

ExxonMobil Announces Fifth Discovery Offshore Guyana


Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An additional well on the Turbot discovery is being planned for 2018. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Turbot-1 well on Aug. 14, 2017 and encountered a reservoir of 75 feet (23 meters) of high-quality, oil-bearing sandstone in the primary objective. The well ... Read More »

First cargo of Yamal oil shipped from Arctic Gate offshore terminal


Russian President Vladimir Putin gave the command via a video call to start loading a tanker with oil from the Novoportovskoye field. The Novoportovskoye oil, gas and condensate field, the richest in oil reserves in the Yamal Peninsula, is located 700 kilometers away from the existing pipeline infrastructure. That is why it was decided to ship Yamal oil by sea for the first time in the history of Russia's oil and gas industry. Thanks to cutting-edge technologies employed in building the production, transportation and, most importantly, lo... Read More »

BlauStein acquires a license to act as a Registered Agent in Belize


Registered Agents  are  required under  the  International  Business  Companies  Act 1990 in  order  to incorporate  IBCs  and  other  offshore  entities  in  Belize.  Acquiring  a  license  to  operate  as  a Registered  Agent  in  Belize  is  essential  for  BlauStein  Limited  as  it  allows  the  company  to perform its duty for its clients, including ensuring that all matters relevant to the formation and existence of legal entities are taken care of. The presence of a Registered Agent is also necessary as  it  plays  a  role  in  ensuring... Read More »

Portfolio adjustment in Angola


The transaction, subject to customary closing conditions, includes a consideration of USD 200 million and an effective date of 1 January 2013. “This transaction is part of Statoil’s continued optimisation process to maximise value and focus financial and organisational capabilities to core assets. The transaction will allow Statoil to unlock capital and contribute to improved financial flexibility going forward,” says Statoil sub-Saharan Africa senior vice president Tove Stuhr Sjøblom. Statoil in Angola The Angolan continental shelf is... Read More »

Results of invitation to tender for offshore wind farms: GDF SUEZ, EDP Renewables, Neoen Marine and AREVA awarded Tréport and the Isles of Yeu and Noirmoutier


Creation of two local companies and thousands of jobs in France To promote integration and dialogue among all of the partners involved, GDF SUEZ, EDP Renewables and Neoen Marine have incorporated two local companies, one in Rouen (Les Eoliennes en mer de Dieppe-Le Tréport) and another in Nantes (Les Eoliennes en mer de Vendée) and have created a dedicated project team. The two wind farms will create almost 6,000 direct and indirect jobs. Various local businesses – in the Grand Ouest (Poitou-Charentes, Pays de la Loire, Brittany, Upper Nor... Read More »

Eni makes a new offshore oil and gas discovery in the Norwegian Barents Sea


Eni has made a new offshore oil and gas discovery in the Norwegian Barents Sea, approximately 230 km from Hammerfest. The well 7220/7-3S is located 6 kilometers south of the Johan Castberg area on the Drivis Prospect in the PL532 license. It was drilled in approximately 345 metres of water and reached a total depth of 2,097 metres. The well has confirmed a hydrocarbon column of about 154 meters in Jurassic sandstone. Oil Volumes in place are estimated at between 125 million and 140 million barrels. The discovery is part of Eni’s joint ven... Read More »

BlauStein TV ad on main Russian Channel 1


The new TV advertising campaign showcases the world map with all the corporate offices of BlauStein and highlights some of the core services, including family offices, trusts, holdings, corporate and tax services. The television commercial aims to reach successful entrepreneurs and high net-worth individuals, as well as strengthen the brand loyalty among the existing clients. The promotional advert is the culmination part of the BlauStein’s rebranding programme that took part in year 2013 and was aimed at boosting brand recognition and build... Read More »

BlauStein becomes member of the International Compliance Association


ICA is a leading worldwide provider of certified qualifications and training in compliance, anti-money laundering and financial crime prevention. It ensures and promotes the access of its members to best practices in the field through education, dialogue and information exchange. ICA’s goals include, but are not limited to: Increasing the awareness of the members with regards to the benefits of best compliance, anti-money laundering and financial crime prevention practice. Enhance knowledge and experience in the fields of compliance, a... Read More »

BlauStein & the Association of Corporate Trustees


TACT is committed to fostering high standards of corporate trustee services and establishing links with other professional associations in related fields. The main purpose of TACT is to represent the interests of its members, among which are the leading corporate trustees operating in the U.K. Additionally, TACT provides professional assistance on matters of mutual interest in the field of law, taxation, regulation, investment and other related  services. BlauStein Business Lawyers always aims to deliver the best possible solutions and compete... Read More »

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