'Hallucinated’ case materials: A warning to lawyers
Case Commentary: Ayinde v Haringey & Al-Haroun v Qatar [2025] EWHC 1383 (Admin)
In the recent decision in PI 1 & PI 2 v MR [2025] HKCFI 1110 (PI 1 & PI 2), the High Court of Hong Kong confirmed that certain factual and legal disputes are arbitrable, even where their determination may serve as a precursor to the winding up of a Cayman Islands company on just and equitable grounds. Notably, the High Court of Hong Kong has, for the first time, expressly adopted the reasoning of the Judicial Committee of the Privy Council (the JCPC) in FamilyMart China Holdings Co Ltd v Ting Chuan (Cayman Islands) Holding Corp [2023] UKPC 33; [2024] Bus LR 190 (FamilyMart).
Navigating CIMA Audit Requirements for a Cayman Regulated Fund
To maintain good standing with the Cayman Islands Monetary Authority (CIMA), a Cayman regulated mutual fund or a registered private fund must meet specific audit filing obligations. These requirements are critical for funds seeking to remain compliant or deregister. This article outlines a complete set of audit filing scenarios for Cayman regulated funds as well as its statutory audit filing requirements, including audit waivers, audit filing extensions, and audit period extensions. This article is to address some of the key issues facing fund operators in the operation, management and orderly winding up of the Cayman regulated funds when it comes to audit filings.
A Corp V Firm B: The Abcs Of Arbitral Confidentiality
In the recent judgment in A Corp v Firm B, the High Court of England and Wales set out an elucidating analysis of the extent of the obligation of arbitral confidentiality, and the exceptions to that obligation. The key takeaways from this judgment are not to be missed by those involved in Cayman seated arbitrations or looking to enforce foreign awards in the Cayman Islands.
Impact of Privacy Law on Bermuda Business
On 1st January 2025, Bermuda’s Personal Information Protection Act 2016 (PIPA) came into full force and effect. Based on the core principles of data protection and privacy law internationally, PIPA has profound operational, legal compliance and corporate governance implications for all businesses that use personal information in Bermuda. At the same time, PIPA brings Bermuda into the accepted world of international ‘safe data harbours’.
Simplified Due Diligence in Bermuda
Simplified Due Diligence (SDD) and Reduced Due Diligence (RDD) are critical features of a modern, risk-based anti-money laundering framework. They offer regulated financial institutions the opportunity to streamline customer onboarding and monitoring processes in cases where the risk of money laundering or terrorist financing is demonstrably low.
Panda bonds, initially launched in 2005, saw unprecedented popularity in recent years. This surge is likely driven by factors such as the divergence in the United States (“U.S.”) - China monetary policy and ongoing geopolitical tensions. Panda bonds - renminbi (“RMB”) denominated bonds issued within China's domestic bond market by entities domiciled outside of China - serve as a strategic financing tool. Issuers range from Chinese-owned companies incorporated in offshore financial centers with primary operations in China to international corporations, financial institutions and sovereign entities.
Practical Tips for Conducting Workplace Investigations
Allegations of harassment, bullying or other misconduct in the workplace can create a legal mine field for an employer and be a stressful and uncertain experience for the employee against whom allegations have been made. Safety of other employees, reputation of the employer company and the risk of expensive litigation may all be at issue. Employers are therefore often under pressure to act quickly and decisively to resolve the situation. By conducting a thorough and fair workplace investigations, employers can address workplace issues effectively, protect their employees and minimise legal risks.
Professional emails are personal data
Case Commentary – France, Cour de cassation, 18 June 2025, 23-19.022 Professional emails are personal data.
Bermuda encourages investment with residential certificates
On March 31, 2023, the Bermuda Government replaced its previous tool intended to attract capital to the island, through residency incentives, with the Economic Investment Residential Certificate programme.
Achieving Bankruptcy Remoteness in Structured Finance
The structured finance market in the APAC region continues to grow in recent years, particular in the number of new issuances and the use of different financial products in complex structuring. Cayman special purpose vehicles (SPVs) are one of the most utilized offshore vehicles in the Asian structured finance industry, which is well supported by established legal and regulatory regimes. This article introduces a key feature of securitisation and repackaging, which is the ring-fencing of assets and removing them from the bankruptcy risks of the originator/seller of the assets – often referred to as bankruptcy remoteness. Investors of structured notes can simply take on the credit risks of the underlying asset, and the seller can achieve off-balance sheet treatment of the underlying asset.
2025 Blockchain Guide - British Virgin Islands
Appleby has authored the BVI of Chambers and Partners’ “Blockchain 2025” guide. The guide provides the latest legal information on the evolution of the blockchain market, the status and use of digital assets, smart contracts, blockchain regulation, the tax regime for digital assets, sustainability and ESG issues, and data privacy and protection.
