How to Comply with Cayman's New Corporate Governance Rules
Here are some common compliance questions that arise for Mutual or Private Funds in the Cayman Islands following the Cayman Islands Monetary Authority’s (CIMA) issuing of rules on corporate governance and internal controls (Rules) applicable to all its regulated entities. The Rules, which apply to both hedge funds and private equity funds registered with CIMA, have been effective since October 2023.
Legalisation and Apostilles: What is the difference between legalisation and an apostille?
Both legalisation, consular legalisation and getting an apostille involve similar processes.
Mental health and estate planning
The demographic shift towards an ageing population in Bermuda raises important matters that should be considered, including any legal problems encountered in the wake of an ageing trend, and what steps can be taken in anticipation of getting older.
Navigating the hard market for a new era
Discipline must remain amid worries over casualty if investors are to believe in the industry long term. That was one of the takeways from 12 senior executives from the Bermuda market who met at a roundtable in Monte Carlo sponsored by Aspen Insurance Group.
Are You Ready to File Your CRS Compliance Form?
Cayman Islands entities classified as reporting financial institutions (Reporting FIs) under the Common Reporting Standard (CRS) framework are required to file their CRS compliance form by 16 September 2024 using the Cayman Islands Department for International Tax Cooperation (DITC) online portal.
Overview of Regulated Activities under the Virtual Asset Service Providers Act of Seychelles
As part of our commitment to keeping you informed about the evolving regulatory landscape surrounding virtual assets, we would like to provide you with an update on the activities regulated under the Seychelles Virtual Asset Service Providers Act, 2024 (VASP Act) which came into force on 1 September 2024.
Cayman Islands Regulatory Round Up - Autumn 2024 edition
This update covers recent Cayman Islands legal and regulatory developments affecting persons, including financial services providers operating in and from within the Cayman Islands.
Types of Debt Securities listed on TISE in 2024
Find out more about The International Stock Exchange (TISE) as a leading European venue for listing Debt Securities offered to institutional and professional investors, with a market-leading position listing private equity debt, high yield bonds and securitisations.
No Looking Back: Investor Held to Buyout at Current Value of Shares
In a case involving the improper exercise of compulsory redemption powers to dilute and disenfranchise a majority shareholder, the Cayman Islands Grand Court has held that a buyout order is an adequate alternative to winding up the company, and that the investor’s rejection of an early offer to purchase its shares at their fair value rendered it unfair to value the shares at a date earlier than the buyout order itself.
Captive Insurance Companies in the Cayman Islands
In this publication, Appleby Insurance experts provide a breakdown on the benefits of captive insurance companies and discuss why the Cayman Islands is a popular jurisdiction for such entities.
ISACs in Bermuda: An innovative option for business owners
Bermuda’s well-earned reputation as a pre-eminent offshore financial centre is due in part to its sophisticated legal framework that supports a variety of business structures.
Consultation Concludes: The Future of Seychelles Virtual Assets Now in Focus
We are pleased to bring you an important update regarding the evolving regulatory landscape for virtual assets. Recent consultations and proposed legislation changes under the Virtual Asset Service Providers (VASP) Bill are set to impact our industry significantly.