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Introduction
As multinational companies expand, their corporate structures grow larger and more complex, many legal departments struggle to ascertain that all of their legal entities comply with local company laws and their day-to-day responsibilities with their goal to pursue critical, high-value initiatives.
Our experienced team draws on its deep knowledge and experience in the complementary areas of law, fund governance, corporate administration, regulatory advisory services, and dispute resolution. Our services are structured to drive efficiency, risk reduction and cost transparency to your entity compliance and governance program by providing governance advisory, health checks, annual compliance, and event-driven changes support etc.
Our expertise includes advising on:
- Board support service (e.g. for economic substance compliance and regulatory compliance)
- Directorship
- Economic Substance
- Competition Law
- GDPR / Data protection
- Captive Insurance licenses
- VASP licenses
- Securities Investment Business licences
News and Insights
Loeb Smith Attorneys Advises Alpha Technology Group Limited and Lion Group Holding Ltd in their Share Capital Restructuring
Hong Kong (January 9, 2025) Loeb Smith Attorneys, one of the leading offshore corporate law firms with a strong growing presence in the APAC region, has recently advised Alpha Technology Group Limited (Nasdaq: ATGL), a British Virgin Islands company, and Lion Group Holding Ltd (Nasdaq: LGHL), a Cayman…
Cayman Islands: The need to focus on Corporate Governance
Corporate governance in the Cayman Islands primarily follows international standards and best practices, influenced by various factors including legal frameworks, regulatory bodies like the Cayman Islands Monetary Authority (“CIMA”), and market expectations.
Cayman Exempted Mutual Funds will soon need to register with CIMA
By way of an update on our recent publication (which can be found here) that the Financial Action Task Force (FATF) had determined that the Cayman Islands has substantively fulfilled its action plan, and following completion of a recent on-site visit by the FATF, the Cayman Islands has…
Cayman Islands Satisfies FATF Action Plan
Following the conclusion of the FATF’s most recent plenary on 23 June 2023, the FATF has determined that the Cayman Islands has substantively fulfilled its action plan. Therefore, subject only to the completion of an on-site visit by the FATF later this year, which forms part of the…
Cayman Islands Monetary Authority publishes new procedures for De-registering Cayman Mutual Funds and Private Funds
The Cayman Islands Monetary Authority (“CIMA”) published an updated Rule and Regulatory Procedure on 17 August 2022 in respect of the cancellation of certificates of registration (“De-registration”) of both mutual funds regulated under the Mutual Funds Act (2021 Revision) (“MFA”) and private funds regulated under the Private Funds…
Cayman Islands Monetary Authority publishes AML/CFT Activity Report for 2022
The Cayman Islands Monetary Authority (“CIMA”) has recently published its annual AML/CFT Activity Report for 2022 which can be viewed at the following link: AML CFT Activity Report 2022 V1 (cima.ky) and there are a few points worth noting. In particular:
CIMA has extended the filing deadline for filing of audited accounts and FAR Form for Private Funds to 30 September 2021
CIMA has extended the filing deadline for filing of audited accounts and FAR Form for Private Funds to 30 September 2021 The Cayman Islands Monetary Authority (“CIMA”) released a Notice on 19 April 2021 to confirm that the deadline for the first filing of audited accounts for Private…
Cayman Islands to introduce new regime for registration and licensing of Directors
The EU’s General Data Protection Regulation (“GDPR”) applies to offshore investment funds with European investors. The Cayman Islands Data Protection Act, 2021 (“DPA”), regulates the processing of all personal data. Inspired by the UK’s Data Protection Act, the DPA includes provisions very similar to GDPR (together “Data Protection…
