Guernsey retains its EU adequacy – as expected
The post-Brexit regulatory landscape continues to throw up challenges and jurisdictional arbitrage, but there are some areas where consistency and stability are welcome. The recent confirmation from the European Commission that 11 jurisdictions had retained their “adequacy” status from a data protection perspective has left many breathing a (long anticipated) sigh of relief. All three of the Crown Dependencies (Guernsey, Jersey and the Isle of Man) have retained the coveted status.
Parental Bereavement Leave: Jersey to implement further family leave rights
The UK introduced “Jack’s law” in 2020. Jersey is now following the UK’s example, and as of 18 March 2024, a draft amendment to its Employment Law 2003 will come into force introducing a right to parental bereavement leave on the island.
Privacy Rights Extend Outside Bermuda
As Bermuda prepares for the full application of the Personal Information Protection Act 2016 on January 1, 2025, organisations that use personal information in Bermuda must keep in mind that PIPA protects the privacy rights of all individuals whose personal information is being used, regardless of their geographic location.
When is a company insolvent – to appoint or not to appoint a liquidator in the BVI?
China Minsheng Banking Corp., Ltd., Hong Kong Branch V Tai Feng Investments Limited.
Grand Court Rejects Attempted Defence of Creditor’s Winding Up Petition Based on Alleged Cross-Claim
In its recent judgment in In re Global-IP Cayman, the Grand Court has recently provided helpful guidance on the circumstances in which a petition may be resisted on the basis of an alleged cross-claim by the company against the petitioning creditor.
The International Stock Exchange – Admission of issuers & securities to TISE Sustainable
Appleby Jersey explains the TISE Sustainable market segment
Podcast: Cayman Restructuring Officer Regime - An alternative approach for distressed companies
Join us as we discuss the developments in the RO regime in the Cayman Islands, including the very recent case of Holt Fund SPC.
Silicon Valley Bank Liquidators Denied Chapter 15 Recognition, But They Fight On
The Liquidators of SVB’s Cayman branch have been denied Chapter 15 recognition, but they have continued their fight by filing a complaint against the FDIC in federal court. This article considers the Bankruptcy Court’s decision.
The Grand Court’s decision in North Sound Pharmaceuticals Inc. (in Official Liquidation) (FSD 110 of 2022) on 21 February 2024 provides a useful reminder of the applicable process and principles in appealing a liquidator’s rejection of a creditor’s proof of debt.
Trusts: Non-intervention in the Isle of Man
The recent Isle of Man judgment of the Staff of Government Division (SGD) in the case of A and B v C and D – 2DS 2023/25 emphasises the importance of the non-intervention principle in trust proceedings and provides us with another interesting case to add to the non-intervention cannon.
Cayman Islands Regulatory Round Up 2024
This update takes a look back at the key legal and regulatory developments which occurred during 2023. It also considers key legal and regulatory developments which will affect persons, including financial services providers (FSPs) operating in and from within the Cayman Islands during 2024.
