Guide to Litigation Funding in the Cayman Islands 2025
A guide to litigation funding in the Cayman Islands, focusing on key areas including the legal and regulatory framework, adverse costs and insurance, lawyer ethics, and taxes.
M&A transactions under PIPA (Bermuda)
Mergers and business acquisitions are among the many different types of business transactions that require the disclosure and use of personal information between the prospective parties.
Cayman Court Grants Convening Order, Marking Key Step in Kaisa’s Recovery Plan
Distressed Chinese property developer Kaisa takes step forward in its recovery, as Cayman Courts continue to demonstrate the jurisdiction’s pro-active approach to cross-border restructurings. Though the Court’s approach to a scheme convening hearing is well-established, challenges from a small section of creditors remain a risk that cannot be ignored. What are the key factors in navigating the restructuring process, and what trends should we keep an eye on?
Court Ruling helps clarify Creditor Rights in the Cayman Islands
In a recent decision of the Cayman Islands Grand Court it was confirmed that the authority of the director signing a share transfer form, provided as part of the security package for an equitable share mortgage, should be assessed when the transfer was originally authorised and executed, rather than when dated at the time of enforcement. This recent court decision serves only to bolster the reputation of the Cayman Islands as a robust and creditor friendly jurisdiction, especially for sophisticated lenders. Whilst there are restructuring solutions for debtors, creditors have significant legal tools to enforce claims including a coherent, sensible, common law system. The helpful clarification in this recent case is further evidence of that.
In a judgment handed down by the Cayman Islands Grand Court on 3 April 2025, the Appleby Dispute Resolution team successfully obtained orders that the voluntary liquidations of two crypto companies (both part of the failed AXIA Group), be continued under the supervision of the Grand Court, on the basis that the supervision of the Court will facilitate a more effective, economic and expeditious liquidation of the companies, in the interests of stakeholders.
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.
Bermuda: With everything growing, all of the ILS world will rise together
It’s been an exceptionally busy and record start to the year for the catastrophe bond sector, and with “everything happening” in the broader insurance-linked securities (ILS) and reinsurance markets, it’s all going to rise together, according to Brad Adderley, Bermuda Managing Partner at Appleby.
Entering and Exiting Bermuda for Visa-Controlled Nationals
As it stands, with direct commercial flights to and from Bermuda only going from the United Kingdom, the United States and Canada, travelers from other countries must transit through these countries when traveling to, or from, Bermuda. Visa-controlled nationals needing to transit through the UK, US or Canada will require a multi re-entry visa (MRV) to do so.
How foreign companies become Bermuda companies
Bermuda, renowned as a global business hub, offers a robust legal and regulatory framework that attracts companies from around the world.
Rights and Liabilities of Limited Partners of Exempted Limited Partnerships in the Cayman Islands
This overview will cover key aspects of Exempted Limited Partnerships (ELPs) under Cayman Islands law, including the structure, rights, and liabilities of limited partners, as well as the legal framework governing their operations.
Bridging the USD51 trillion gap: asset-intensive reinsurance in Bermuda
In this article we examine the rise and regulatory landscape of Asset-Intensive Reinsurance (AIR) in Bermuda, drawing on market intelligence and data from the Bermuda Monetary Authority’s recent Insights Paper. The publication sheds light on the jurisdiction’s distinctive strengths and growing role in the AIR market.
PIPA Guidance on Financial Services (Bermuda)
This month, the Privacy Commissioner of Bermuda released his Financial Services Guidance Notes: Final Report.