Cayman Fund Finance team sponsors Women in Fund Finance luncheon
The Appleby Cayman Islands Funds Finance team looks forward to welcoming you to the FFA Global Symposium and to join us at the annual WFF Networking luncheon on February 16th @ Nobu, Miami.
The Women in Fund Finance is an association focused on the increased engagement, recognition and promotion of women leaders within the alternative investment fund finance industry. Partner Caroline Barton, who will be in attendance of this year’s luncheon says “we are proud to be ongoing supporters of the WFF, a platform that celebrates and promotes opportunity for women in the industry. The Appleby Fund Finance team is one of the most highly regarded in the industry and boasts an incredibly high ratio of female lawyers. We believe in the importance of implementing diversity in practice every day.”
Caroline will join Georgina Pullinger, Appolina Winton as well as Simon Raftopoulos and Ben Woolf at this year’s event.
For more information on the WFF, or to register for this special event click here. We look forward to meeting you for food, cocktails, and great conversations and connections.
Share
Important for Cayman litigants, funders and attorneys given the growing use of third-party funding in disputes.
A Cautionary Tale in Interim Injunctive Relief: Lessons from Dixon v Seymour
In a recent judgment of Chief Justice Ramsay-Hale, the Cayman Grand Court provided guidance on the necessary components of an application for interim injunctive relief. The ruling illustrates how an ex parte application may fail to satisfy the American Cyanamid test when unsupported by proper evidence.
CIMA’s 2026 Reinsurance Thematic Review: Focus Points for Boards
The Cayman Islands Monetary Authority (CIMA) has published its 2026 Thematic Review of Reinsurance Companies (Thematic Review). This reflects fieldwork conducted by CIMA between mid-2025 and Q1 2026 at selected Class B(iii) and Class D licensed reinsurers. The focus being on compliance with the Insurance Act (as revised) and other applicable legislation, regulations, rules and statements of guidance as issued by CIMA centering around stress-testing, cash flow testing frameworks, capital and collateral adequacy management, and corporate governance. Corporate governance weaknesses account for 68% of all findings with the remaining 32% spread across stress-testing, cash flow testing capital and collateral adequacy. Notwithstanding these findings, CIMA has noted several good practices across all areas including, importantly, comprehensive risk management frameworks covering key risk areas and strong capital and collateral adequacy monitoring processes. With Cayman’s reinsurance sector having grown to an institutional scale, and over 110 licensed reinsurers writing in the order of US$30 billion in annual premiums against over US$100 billion in assets, this latest Thematic Review demonstrates development in CIMA’s supervisory expectations of Cayman’s licensed reinsurers. It represents a reflection of the jurisdiction’s increasingly sophisticated and maturing reinsurance market and reinforces that CIMA’s expectations align closely with the standards that onshore counterparty cedants, rating agencies and US state regulators already expect. We take this opportunity to review certain of the key findings alongside CIMA’s cross-sectoral 2026 Thematic Review on Outsourcing, note some of the good practices highlighted by CIMA and make some associated recommendations for Cayman reinsurers.
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.
Contested Points of Foreign Law in the Winding-Up Context: Grand Court Provides Guidance
In China Export & Credit Insurance Corp v Hyalroute Communication Group Ltd, Asif J provided guidance on how a creditor’s winding up petition will be treated where the asserted dispute turns on complex issues of foreign law – here, in the context of PRC insurance law. This article considers the decision and the lessons that can be drawn from it.
CIMA Enforcement Action in Focus: Reminders and Recommendations
The Cayman Islands Monetary Authority (CIMA) has recently published a number of Enforcement Notices that provide helpful context for regulated entities, including Licensees and Registered Persons under the Securities Investment Business Act (Revised) (SIBA), seeking to understand and meet their ongoing regulatory obligations in the Cayman Islands. In early June 2026, CIMA exercised its enforcement powers under SIBA Section 17 to cancel the registrations of several SIBA Registered Persons on the basis that it had reasonable grounds to believe that such Registered Persons had failed to meet certain key regulatory obligations. The Appleby Team takes this opportunity to review the relevant findings and CIMA enforcement action; and to highlight certain key obligations that attach to regulated entities in the Cayman Islands.
Further to the introduction of the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025 (the CRS Amendment Regulations or CRS 2.0), the Cayman Islands Department for International Tax Cooperation (DITC) has issued an Industry Advisory flagging certain key updates in respect of Common Reporting Standard (CRS) and Economic Substance (ES) reporting in the Cayman Islands. Cayman Financial Institutions will be required file 2025 CRS Returns and Declarations by 31 July 2026, ahead of the online DITC Portal’s closure to facilitate its transition to XML Schema v3.0. ES courtesy reminders (which have historically been sent by email to designated Responsible Persons in advance of annual ES reporting deadlines) will no longer be issued such that Relevant Entities will need to independently track such deadlines themselves. Updated Individual and Entity CRS Self-Certification forms, aligned with CRS 2.0, are now available online via the DITC website.
2026 Guide to Blockchain & Crypto-Assets in the Cayman Islands
This updated 2026 guide covers the regulatory regime in the Cayman Islands applicable to virtual assets, tokenised funds and securities. We also cover evolving regulation and practices across blockchain technology, smart contracts, DeFi, stablecoins, tokenisation of real world assets, as well as share our outlook for future developments in the sector.
JPLs, Directors and Arbitration: Grand Court Clarifies the Scope of Provisional Liquidators' Powers
In Peakwave Investment Management Ltd v Energy Evolution GP Ltd [2026] CIGC (FSD) 22, the Grand Court clarified the scope of joint provisional liquidators' powers following their appointment. In particular, the Court confirmed that the appointment of provisional liquidators does not automatically displace existing directors.
The Grand Court of the Cayman Islands has overturned a decision of the Ombudsman in a successful judicial review brought by Caribbean Utilities Company, Ltd. (CUC), represented by Appleby.
