Cayman Islands Regulatory Round Up - Winter 2024/2025 edition
Welcome to the Cayman Islands Regulatory Round Up: October 2024 – February 2025 This update covers recent Cayman Islands legal and regulatory developments in the Cayman Islands. It also examines key changes and their impact on individuals and financial services providers (FSPs) operating in and from within the Cayman Islands in 2025.
Bermuda: An Introduction to Dispute Resolution 2025
The stable, competitive regulatory and legal regime in Bermuda continues to ensure its place as a hub for international economic activity. The island also makes effective use of close transport networks, including to London (seven-hour flight), New York and Washington (two-hour flight).
The Utility of the Share Premium Account in Cayman Islands Exempted Companies
Cayman Islands exempted companies are valued for their flexibility and ease of operation. A key component of their appeal lies in the nuanced treatment of share capital and, particularly, the strategic uses of the share premium account.
Cayman Short Form Merger – is it a loophole?
Section 238 of the Companies Act (2025 Revision) (the “Act”) provides a statutory right for shareholders who dissent from a merger to be paid a judicially determined fair value for their shares in lieu of the merger consideration being offered by the merging company.
In December 2024, The Stock Exchange of Hong Kong Limited (the "Exchange") released two consultation conclusions (the "Consultation Conclusions") following two consultation papers (the "Consultation Papers") on the (i) Proposed Reduction of Minimum Spreads in the Hong Kong Securities Market; and (ii) the Review of the Corporate Governance Code and related Main Board and GEM Listing Rules aiming to (a) enhance market microstructure with a goal to improve market liquidity and global competitiveness of the Hong Kong market by facilitating bid-ask spread reduction and transaction costs savings; and (b) strike an appropriate balance between advancing good corporate governance practices in Hong Kong as an international financial centre and addressing the practical concerns of listed issuers.
Recent Updates on BVI, Cayman and Bermuda laws
Entities incorporated or registered in the British Virgin Islands (BVI), Cayman Islands and Bermuda are frequently utilised in Asia. There have been a number of legislative and regulatory changes coming into force in these jurisdictions at the start of 2025, of which many clients and legal practitioners should be aware and reflect in their strategic, compliance, and financial considerations going forward. This article highlights some of those updates which are of most interest and relevance to Asian clients.
Fostering Respect: the Importance of Bullying and Sexual Harassment Policies in Bermuda (Part 2)
Under the Employment Act 2000 (EA), it is a requirement for an employer to not only have a compliant policy statement against bullying and sexual harassment (the Bullying and Sexual Harassment Policy), but to bring it to the attention of its employees.
Technology and Innovation Guide – Isle of Man
As the pace of technological change accelerates, so too does the legal and regulatory landscape. The Appleby 2022 Offshore Technology and Innovation Guide provides a unique and detailed overview of the legal and regulatory position in the Isle of Man.
Recent developments in the attitude of the Jersey courts to onshore tax
Our experts throw the spotlight on the attitude of the Jersey courts to onshore taxes in the context of private wealth at a time of ever-increasing transparency and international cooperation.
Technology and Innovation Guide – The British Virgin Islands
As the pace of technological change accelerates, so too does the legal and regulatory landscape. The Appleby Offshore Technology and Innovation Guide provides a unique and detailed overview of the legal and regulatory position in the BVI.
Cayman’s Compliance Crackdown - Cayman Adopts UK-Style SAR Timelines under the Proceeds of Crime Act
Key Changes to Suspicious Activity Reporting in the Cayman Islands.
Fund Finance Laws and Regulations 2026 – Cayman Islands
Appleby Cayman Islands' partner Simon Raftopoulos and consultant Georgina Pullinger provide comprehensive insight into legal trends and developments in the fund finance market.
