How will the UK Supreme Court decision in PACCAR affect litigation funding in the offshore jurisdictions? With litigation funders considering the implications of the recent landmark decision, our funding experts look at the use of litigation funding in the offshore markets and the potential impact for funding in the key offshore jurisdictions.
Seychelles Business Tax on Multi-National Enterprises
Seychelles has recently undertaken a slew of amendments in order to keep up with the evolving and complex capital and finance market dynamics, taxation practices all over the world, as well as the OECD’s Base Erosion and Profits Shifting (BEPS) initiative. The Business Tax (Amendment) Act, 2020 which came into force on 15 September 2021, has brought several changes in line with the above, to the Business Tax Act, 2009 (the Act).
Sebastian Said, Tony Heaver-Wren, David Lewis-Hall and Damon Booth consider the recent decision of Justice Doyle in the Grand Court of the Cayman Islands (In the Matter of Silicon Valley Bank (Unreported, Grand Court, FSD 163 of 2023 (DDJ), 21 July 2023)) winding up Silicon Valley Bank as a foreign company, which potentially sets the stage for an epic battle between the Cayman liquidators and the US Federal Deposit Insurance Corporation as receiver.
Preparing for a Cayman Islands Monetary Authority (“CIMA”) inspection
This briefing intends to provide a useful reference document for inspected firms preparing for a CIMA inspection by providing practical and helpful tips on navigating the inspection process.
Appleby Partner Andrew Jackson and Associate Shari Walton-Rankin discuss the recent decision of the Cayman Islands Court of Appeal (CICA) in Re Virginia Solution SPC, in which the CICA held that what was considered to be a paradigm case of quasi-partnership at first instance was actually not a case of quasi-partnership at all; and further discuss the current state of Cayman Islands law as to the availability of alternative remedies in just and equitable winding up proceedings, and whether it is justified or requires timely correction.
In The Spotlight: Bermuda’s Vanessa Schrum
Francesca Ffiske of Private Client Global Elite sat down with Vanessa Schrum from Appleby in Bermuda.
Bondholder Litigation Under the Spotlight in the Offshore Jurisdictions
Can an ultimate beneficial owner of notes file a winding up petition against the issuer? In this article, Simon Jerrum and David Bulley consider the recent judgments handed down in the BVI, the Cayman Islands and Hong Kong in this area and identify the key takeaways for noteholders and issuers.
Legal and Court Systems in the British Virgin Islands
Andrew Willins and Olwyn Barry provide a broad overview on the legal and court systems in the British Virgin Islands
Reliance on the Merger Price in Cayman Appraisal Actions
Andrew Jackson, Damon Booth, Barry Isaacs KC and Toby Brown consider the use of the merger price to establish fair value in appraisal proceedings in the Cayman Islands, together with the issue of burden of proof
Tech Innovation Financing Alternative
Creators of technology, whether financial services software, biotechnology, data analytics solutions or otherwise, know how extremely expensive those development costs can be.
Loans & Secured Financing in the Cayman Islands 2023
A Q&A guide that provides a topical analysis of loans & secured financing in the Cayman Islands.
Charitable Structures in Bermuda
Bermuda has become an increasingly attractive jurisdiction for the establishment of trusts and charitable structures. This guide is intended as an aid to those seeking general information on charitable structures in Bermuda. This guide is intended as an aid to those seeking general information on charitable structures in Bermuda.
