Cayman Fund Finance team sponsors Women in Fund Finance luncheon

No Claim, No Injunction: What Does a Limited Partner Actually Own?

What equitable proprietary interest, if any, does a limited partner hold in the assets of a Cayman Islands exempted limited partnership, and is that interest is sufficient to ground a proprietary injunction? These questions lie at the heart of Parker J’s recent judgment in the matter of Charitable DAF HoldCo, Ltd (in Official Liquidation), in which the Grand Court refused proprietary injunctive relief sought by joint official liquidators against former directors and associated entities. The judgment holds that the Company, as a limited partner in a Cayman ELP, had no equitable proprietary interest in the Fund’s underlying assets of the quality required to found the relief sought. While the court did not exclude the possibility of an LP having proprietary rights in an ELP’s assets, it held that on the particular facts of the case such rights were excluded.

Marcus Staff, Kamarya James

The Global - 2026 Q1 Review

The Global sees us share updates and insights from across our network of international offices on the latest legislative news, trends or developments impacting the corporate sector.

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Fiona Chan, Shana Simmonds-Lewis, Malcolm Moller, Melissa Naik, Richard Sheldon

The X Trusts Decision – a Cayman Islands’ perspective

Appleby's Cayman Islands Trusts team takes a look at the X Trusts decision, confirming a wider role for trust protectors.

Carlos de Serpa Pimentel, James Glover, Jackson Messer

The Regulation of Cayman Islands Tokenised Funds – Clear Rules Now in Place

On 5 March 2026 the Virtual Asset (Service Providers) (Amendment Bill), 2026, the Mutual Funds (Amendment) Bill, 2026 and the Private Funds (Amendment) Bill, 2026 were passed by the Parliament of the Cayman Islands with unanimous support, providing welcome clarity that Cayman Islands tokenised funds are regulated within Cayman’s existing Mutual Funds Act (MFA) and Private Funds Act (PFA) framework and do not fall within the scope of the Virtual Asset (Service Providers) Act (VASPA).

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Martin Byers, Sailaja Alla, Matt Mulry, Peter Colegate, Maree Martin

Key Regulatory Requirements of SIBA Registered Persons in the Cayman Islands

Registered Persons under the Securities Investment Business Act (Revised) (SIBA) attract regulatory requirements including annual reporting requirements with key filing deadlines falling in January and, typically, December each year. The Cayman Islands Monetary Authority (CIMA)’s recently issued General Industry Notice to the effect that all SIBA Registered Persons will be additionally required to submit a Prudential Information Survey for the 2025 calendar year (by 31 March 2026) has signaled CIMA's continued focus on enhancing the resilience, transparency and prudential soundness of the securities investment business (SIB) sector in the Cayman Islands. Accordingly, this briefing reviews some of the other key regulatory and reporting obligations that attach to Registered Persons under SIBA, CIMA’s associated Rules and Statements of Guidance (SOG), the applicable Anti-Money Laundering Regulations (Cayman AML Regulations) the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations (Revised) (Cayman CRS Regulations) and, where applicable, The International Tax Co-operation (Economic Substance) Act (Revised) (ES Act).

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Martin Byers, Sailaja Alla, Matt Mulry, Maree Martin, Menelik Miller

International Women’s Day 2026 Roundtable: Rights. Justice. Action. For all women and girls.

As we recognise International Women’s Day 2025, we are reminded that gender equality is not just a vision – it’s a call to action.

Cayman Islands Regulatory Round Up - Winter 2025/26

The round-up provides a concise yet thorough summary of regulatory developments relevant to financial service providers (FSPs) and other stakeholders in the Cayman Islands. It highlights key legislative changes, publications by the Cayman Islands Monetary Authority (CIMA), updates on financial sanctions, and anticipates upcoming changes through "horizon scanning”. Links to the underlying CIMA publications, as well as related Appleby published briefings and e-alerts are available throughout this document. The information provided is “as of” 28 May 2025.

Simon Raftopoulos, Menelik Miller, Miriam Smyth, Maree Martin, Martin Byers

The Exception To The Rule: Stricter Test Applies Where Granting An Interlocutory Injunction Would Shut Out Trial

David Lee