Cayman Islands

Results for Cayman Islands

Cayman Islands Anti-Money Laundering Regulatory Update - February 2018

The recent revisions to the anti-money laundering laws particularly impact all persons carrying out a “relevant financial business” (“RFB”) as defined under the Proceeds of Crime Law (2017 Revision) (the “Law”). An important change in the Law is the expa ...

Resource Article - twallace@abiwor... - 02/13/2018 - 10:34 - 0 comments - 0 attachments

International Tax Compliance: Country-by-Country Reporting Regulations Introduced in the Cayman Islands

This alert is intended to aid businesses that may have obligations to report information under the Tax Information Authority (International Tax Compliance) (Country-by-Country Reporting) Regulations, 2017 (“CbCR Regulations”), which were issued by the Ca ...

Resource Article - twallace@abiwor... - 01/23/2018 - 09:44 - 0 comments - 0 attachments

The Grand Court Follows the Usual Course in an Unusual Liquidation

In the matter of Pacific Harbor Asia Fund I, Ltd (In Official Liquidation) (the “Company”) the Grand Court appointed joint official liquidators (“JOL”) from different firms due to the differing opinions of various stakeholders as to the identity of the l ...

Resource Article - twallace@abiwor... - 12/21/2017 - 09:27 - 0 comments - 0 attachments

Privy Council Clarifies the Old Law (1989-2011 position) Regarding Section 37 Redemptions

In late 2008, RMF Market Neutral Strategies (Master) Limited (“RMF”) sought to cash in its investments in DD Growth Premium 2X Fund (In Official Liquidation) (the “Company”), a feeder fund incorporated in the Cayman Islands, by exercising its right to ha ...

Resource Article - twallace@abiwor... - 12/07/2017 - 10:27 - 0 comments - 0 attachments

The Foundation Companies Law

Conyers Dill & Pearman (“Conyers”) has successfully incorporated The Conyers Dill & Pearman Foundation, being one of the first Cayman Foundation Companies to be established and incorporated under the Foundation Companies Law (“the Law”), which ca ...

Resource Article - twallace@abiwor... - 12/07/2017 - 10:20 - 0 comments - 0 attachments

Cayman Islands Foundation Companies Law Now in Force

The Foundation Companies Law (the "Law”) was passed by the Legislative Assembly in March 2017, and has now been brought fully into effect from 18 October 2017. As confirmed in our previous update, a foundation company may be established as a ne ...

Resource Article - twallace@abiwor... - 10/26/2017 - 13:54 - 0 comments - 1 attachment

Cayman Islands Regulatory Update

The Cayman Islands has recently seen the passing of a number of laws to improve the Island’s regulatory framework in support of the international financial system’s integrity. These laws are intended to maintain the jurisdiction’s adherence to internatio ...

Resource Article - twallace@abiwor... - 10/26/2017 - 13:30 - 0 comments - 0 attachments

OFFSHORE CASES

THE OFFSHORE CASE DIGEST OFFERS READERS A HIGH LEVEL SUMMARY OF THE MAJOR COMMERCIAL CASES DECIDED IN BERMUDA, THE BRITISH VIRGIN ISLANDS AND THE CAYMAN ISLANDS. Our goal is to provide a useful reference tool for clients and practitioners who are inter ...

Resource Article - twallace@abiwor... - 10/10/2017 - 10:37 - 0 comments - 0 attachments

A Matter of Class: Determining Creditor Classes in a Scheme of Arrangement

When a scheme of arrangement involving compromise or arrangement is proposed between a company and its creditors under Section 86 of the Companies Law, the Court will consider whether it is appropriate to convene one or more meetings of creditors (the “C ...

Resource Article - twallace@abiwor... - 09/29/2017 - 10:38 - 0 comments - 0 attachments

Cayman Asia M&A Report H1 2017

We are pleased to present this Cayman Asia M&A Market Report which recaps merger and acquisition activity involving Cayman public companies listed on the Stock Exchange of Hong Kong (“SEHK”) in the first half of 2017. Conyers is particularly act ...

Resource Article - twallace@abiwor... - 09/28/2017 - 08:01 - 0 comments - 0 attachments

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