News

The Virtual Assets Service Providers Act 2022 (the “VASP Act”) was enacted in the British Virgin Islands (“BVI”) on 1 February 2023. It creates the legal framework for the registration and supervision of Virtual Assets Service Providers (“VASPs”) operating in and from within the BVI.

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…

Loeb Smith wins award for Best Law Firm: Fund Domicile at the Hedgeweek US Emerging Manager Awards 2023. We are happy to share with you that for the second time in less than three (3) months Loeb Smith’s Investment Funds team has been voted Best Law Firm: Fund…

Loeb Smith has been shortlisted in the Best Law Firm – Fund Domicile category at the US Emerging Manager Awards 2023! We are pleased to announce that Loeb Smith has been shortlisted for the Hedgeweek US Emerging Manager Awards 2023 in the Best Law Firm – Fund Domicile…

This article follows our previous article of 5 January 2023 which considered, in broad terms, the changes to the BVI Business Companies Act, 2004 (the Companies Act) of the British Virgin Islands (BVI) brought about by The Business Companies (Amendment) Act, 2022 (the Amendment Act). This article will…

Loeb Smith is pleased to welcome Ivy Wong to the firm as Senior Legal Director for its Corporate practice in the Hong Kong office, where her practice focuses on advising multi-national corporations and conglomerates, shareholders, investment funds, financial institutions, banks, public and private companies, as well as high…

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 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…