News

Loeb Smith Attorneys is pleased to announce that our team has been recognized for outstanding client service at HFM Asia Services Awards 2024 after being shortlisted for the second year in a row

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…

The Foundation Companies Act 2017 introduced a new corporate vehicle to the Cayman Islands – the “foundation company”. This company structure has several applications and is growing in popularity.

The Companies (Amendment) Bill, 2024 (“Bill”) of the Cayman Islands was published in the Cayman Islands in January 2024, and proposed to make a number of amendments to the Companies Act (2023 Revision) (the “Act”). In consideration of the changing market dynamics, the Bill, if passed into law…

Loeb Smith Attorneys is pleased to announce that our Investment Funds team has won the “Best Law Firm – Fund Domicile” category at the Hedgeweek US Emerging Manager Awards 2024 for the second year in a row.

Loeb Smith Attorneys is pleased to share that our team has been shortlisted in the “Best offshore law firm” and “Best offshore law firm client service” categories for the With Intelligence HFM Asia Services Awards 2024 for the second year in a row. The shortlisting is a strong…

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…

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: