Typical Collateral Package in Cayman Fund Financing
The recovery of the Asian fund finance market over the past couple of years has reinforced the dominance of the Cayman Islands as the jurisdiction of choice for offshore fund structures. The security package remains a key consideration for lenders in fund finance transactions. This article provides an overview of the main types of collateral that lenders typically seek when lending to Cayman Islands fund vehicles under different types of facilities.
Continuous Compliance: Building Confidence, Reducing Risk
Over the past decade, Bermuda businesses have faced a steady rise in regulatory and legal obligations. What was once a matter of filing annual returns and keeping basic records has expanded into a continuous cycle of compliance—covering everything from beneficial ownership and economic substance filings with the Registrar of Companies, to data protection under the Privacy Commissioner, to prudential and anti-money laundering standards imposed by the Bermuda Monetary Authority. For many Chamber members, these obligations can feel overwhelming, particularly when they change frequently and touch almost every area of operations.
In-Depth: Insolvency (formerly The Insolvency Review) offers an incisive review of the most consequential features of the insolvency laws and procedures in key jurisdictions worldwide. It also examines the practical implications of recent market trends and insolvency case developments.
From Duty to Danger: Director Liability in the Zone of Insolvency
The Court of Appeal of the Eastern Caribbean Supreme Court (British Virgin Islands) (the “BVI Court of Appeal”) in Byers & Others v Chen Ningning[1] (“Byers”) has affirmed and provided important clarification on the extent to which directors may be held personally liable for breaching the “creditor duty”.
In its recent judgment in Suning International Group Co Limited v Carrefour Nederland BV [2025] CICA (Civ) 11, the Court of Appeal upheld Justice Kawaley's decision a clear confirmation that Cayman Courts should take a pro-enforcement approach in this area, and should not entertain the frustration of effective enforcement by technical challenges which lack substantive merit.
A guide to selling your Bermuda home
Bermuda homeowners should protect their interests by enlisting expert advice when they decide to sell their home.
Discipline Now Key as Pressures on Reinsurers Mount
The reinsurance market is in a strong position after two years of profits and covering its cost of capital. But it now must retain discipline and manage the cycle correctly as pressure mounts to put any excess capital to use – and new capital enters the market in a variety of ways.
Education and Acceptance Fuel Wave of New Sponsors in Cat Bond Market
With the catastrophe bond market seeing eleven new sponsors enter the space so far this year, the trend highlights how involvement in the market has become more acceptable, and how sponsors are increasingly comfortable with cat bonds overall, according to Brad Adderley, Partner at global law firm Appleby.
Built on Governance, Driven by Innovation: The Bermuda Advantage
Holding 85% of the cat bond market, Bermuda’s edge in alternative capital is no accident. “Reinsurance is global, but it doesn’t work without Bermuda.” For Brad Adderley, managing partner for Bermuda at law firm Appleby, there’s no ambiguity.
Dual Remedies Afforded against the Granting of Injunctions
Actis Consumer Grooming Products Ltd v Super-Max Mauritius [2025 SCJ 388]
