Cayman Fund Finance team sponsors Women in Fund Finance luncheon

Recusal For Apparent Bias Is Not A New Frontier

In Re New Frontier Health Corporation,[1] Justice Doyle decided to recuse himself, such that he would not hear the trial listed to commence weeks later, on the basis that he made findings in his recent Re 51job Inc judgment, as to the reliability and credibility of the same two experts who would give evidence at the New Frontier trial. The New Frontier judgment represents a further endorsement by the Cayman courts of the fundamental maxim that justice must not only be done, but must be seen to be done.

Andrew Jackson, Charlotte Walker

The New Crypto-Asset Reporting Framework – Relevance for Cayman Investment Funds

The Tax Information Authority (International Tax Compliance) (Crypto-Asset Reporting Framework) Regulations, 2025 (CARF Regulations) came into effect on 1 January 2026 and provide for the collection, reporting and automatic exchange of information on transactions in crypto-assets.  The CARF Regulations will operate in a similar fashion to the existing Cayman Common Reporting Standard (CRS) regime which facilitates the automatic exchange of financial account information.  For information on recent changes to the CRS, please see our December advisory here.

Matt Mulry, Martin Byers, Peter Colegate, Maree Martin

CIMA Launches Prudential Information Survey for SIBA Registered Persons

The Cayman Islands Monetary Authority (CIMA) has published a General Industry Notice launching a new Prudential Information Survey for Registered Persons under the Securities Investment Business Act (SIBA) of the Cayman Islands.

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Martin Byers, Simon Raftopoulos, Sailaja Alla, Matt Mulry, Maree Martin

Compulsory ADR in Cayman: Court Confirms It Has Teeth But Declines to Bite

David Lee, Zuhair Farouki

Collateral beauty: taking security in fund finance

The article examines the mechanics of taking security over limited partnership interests in Cayman exempted limited partnerships (ELP) and highlights key considerations for lenders, investors and fund managers.

Shivagar Siva

Aquapoint LP v Fan: Privy Council Confirms Equitable Constraints Can Override Strict Contractual Rights in Cayman ELP Winding Up

In its recent judgment in Aquapoint LP (in Official Liquidation) v Fan,[1] the Privy Council upheld the judgments of the Grand Court and Cayman Islands Court of Appeal (CICA). The ruling confirms that the exercise of strict legal rights under a limited partnership agreement – even one containing detailed contractual terms and “entire agreement” clauses – can nevertheless be subject to equitable considerations in certain circumstances. Where those equitable considerations arise, they may justify the winding up of an exempted limited partnership on the “just and equitable” basis. Appleby acts for the joint official liquidators of Aquapoint; for further details on the background of this case, see Appleby’s previous article here.

David Lee, Susan Fallan, Charlotte Walker, Jae Shin

JCPC Guidance on Remuneration Applications

David Lee, Daniel Coelho

The Guide to Alternative Funds in the Cayman Islands

This guide provides the latest legal information on fund structures, regulatory and tax regimes, disclosure/reporting requirements, the roles of fund managers and investors, the rules concerning permanent establishments, the marketing of alternative funds, FATCA/CRS compliance, AML/KYC regimes and security and privacy concerns.

Sailaja Alla, Matt Mulry, Maree Martin, James Mossetto

Guide to Private Credit 2026 in the Cayman Islands

This country-specific Q&A offers insights into private credit laws and regulations in the Cayman Islands, covering topics such as vehicle formation, recent regulatory developments, taxation, and more.

Simon Raftopoulos, Shanine Felix, Benjamin Woolf