Legal Insights

REMINDER FOR ENTITIES REGISTERED WITH CIMA AS SIBL EXCLUDED PERSONS The deadline for filing the following AML/CFT Reporting Forms: AML/CFT Inherent Risks – Securities – AIR-157-75 AML/CFT Risk Controls – Securities – ARC-158-75 with the Cayman Islands Monetary Authority is 15th August, 2019.

The Cayman Islands International Tax Co-operation (Economic Substance) Law, 2018 (the “Economic Substance Law”), which is part of the OECD’s global Base Erosion and Profit Shifting (BEPS) initiative, was passed on 17 December 2018 and came into effect on 1 January 2019. The Economic Substance Law will be…

In general, the rights of shareholders of Cayman Islands domiciled companies are governed by the provisions of the Companies Law (2018 Revision) as amended (the “Companies Law”) and the provisions contained in the Memorandum of Association (“Memorandum”) and Articles of Association (“Articles”) of the company. Section 25(3) of…

Explore the benefits and considerations of using a Segregated Portfolio Company (SPC) for private equity funds. Learn how SPCs provide flexibility for deal-by-deal investments, asset segregation, and structure advantages in the Cayman Islands.

In our guidance note Top Ten Best Practices for an ICO Founders’ Team: A View from the Cayman Islands, ICO founder teams and promoters looking at the Cayman Islands for incorporation of their company or companies were warned that, while the Cayman Islands had flexible pragmatic rules encouraging…

Question: What are the key features of a Cayman LLC?

The Cayman Islands Monetary Authority (“CIMA”) published a new Rule – Corporate Governance for Regulated Entities (“Rule”) and a new Statement of Guidance relating to Corporate Governance – Mutual Funds and Private Funds (“Statement of Guidance”) on 14 April 2023. In essence, both the Rule and the Statement…

The Cayman Islands has been the leading offshore jurisdiction for M&A activity over the last few years, with a steady flow of over US $77 billion in combined value of target companies for 2016 and 2017, and a peak of over US $115 billion in 2015. By way…