Types of Debt Securities listed on TISE in 2024
Find out more about The International Stock Exchange (TISE) as a leading European venue for listing Debt Securities offered to institutional and professional investors, with a market-leading position listing private equity debt, high yield bonds and securitisations.
No Looking Back: Investor Held to Buyout at Current Value of Shares
In a case involving the improper exercise of compulsory redemption powers to dilute and disenfranchise a majority shareholder, the Cayman Islands Grand Court has held that a buyout order is an adequate alternative to winding up the company, and that the investor’s rejection of an early offer to purchase its shares at their fair value rendered it unfair to value the shares at a date earlier than the buyout order itself.
Captive Insurance Companies in the Cayman Islands
In this publication, Appleby Insurance experts provide a breakdown on the benefits of captive insurance companies and discuss why the Cayman Islands is a popular jurisdiction for such entities.
ISACs in Bermuda: An innovative option for business owners
Bermuda’s well-earned reputation as a pre-eminent offshore financial centre is due in part to its sophisticated legal framework that supports a variety of business structures.
Consultation Concludes: The Future of Seychelles Virtual Assets Now in Focus
We are pleased to bring you an important update regarding the evolving regulatory landscape for virtual assets. Recent consultations and proposed legislation changes under the Virtual Asset Service Providers (VASP) Bill are set to impact our industry significantly.
On 19 July 2024, the Grand Court ordered that Sigma Finance Corporation be wound up. The joint official liquidators will now take steps to distribute the Company’s final assets and dissolve the Company, bringing this particular chapter to a close.
What Steps Should a Cayman Fund Take to Comply with the New Cayman Beneficial Ownership Regime?
All Cayman Islands funds (other than unit trusts) are required to identify “required particulars” in relation to their investors and provide those particulars to the Cayman Islands Ministry of Financial Services under the Beneficial Ownership Transparency Act (the Act). Once identified the required particulars must be kept up to date and can be made available to certain government agencies in the Cayman Islands and the United Kingdom but not, as yet, to the public. Our general briefing on the Cayman Beneficial Ownership Regime can be found here
Incorporating in Cayman - Special purpose acquisition companies (SPACs)
In a recent webcast for her 'SPAC Notebook' series, Woodruff Sawyer Partner Yelena Dunaevsky and Appleby Senior Associate Alexandra Low discussed the Cayman incorporation process and the reasons why SPAC teams are considering moving away from Delaware to incorporate in the Cayman Islands.
In this publication, Appleby’s Regulatory Group answer the top questions on the REVISED beneficial ownership regime in the Cayman Islands.
The Virtual Asset Service Providers Bill, 2024 (the VASP Bill), sets a comprehensive legal framework regulating virtual asset service providers (VASPs) in Seychelles and awaits implementation. The Financial Services Authority (the Authority) has now produced a set of draft regulations, currently under public consultation, to supplement the legal requirements under the VASP Bill. A summary introducing each set of regulations are given as below.