New Regulatory Regime for Exempted Funds and Private Funds
On 8 January 2020, the Government of the Cayman Islands published a draft Private Funds Bill, 2020 (the “”) and simultaneously a draft Mutual Funds (Amendment) Bill, 2020 (the “” and together with the Private Funds Bill the ” Bills”).
The International Tax Co-operation (Economic Substance) Law, 2018
On 1 January 2019, the Cayman Islands introduced The International Tax Co-operation (Economic Substance) Law, 2018 (the “Law”). The Law has been issued in response to the Cayman Islands’ commitment to the global initiative to combat base erosion and profit shifting.
Data Protection Law, 2017 In Effect
The Cayman Islands Data Protection Law, 2017 (the “DPL”), came into effect on 30 September 2019.
Economic Substance Requirements – Fund Managers
The International Tax Co-operation (Economic Substance) Law, 2018 (the “ES Law”) came into effect in the Cayman Islands on 1 January 2019, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in the Cayman Islands.
The Cayman Islands Data Protection Law, 2017
The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 ("DPL"), which came into effect on 30 September 2019.
The Mutual Funds Law (2019 Revision)
The following information relates to the enactment of The Mutual Funds Law (2019 Revision) and the subsequent commencement of related sections of The Mutual Funds (Amendment) Law 2015. The changes require certain funds to notify the Cayman Islands Monetary Authority if they are active in EU jurisdictions.
Stuarts Success – Case Review: Toby -v- Allianz Global Risks US Insurance Company
Toby –v- Allianz Global Risks US Insurance Company, FSD 152 of 2013 (IMJ), Judgment delivered on 29 August 2018
Security Token Offerings in the Cayman Islands
Security Token Offerings (“STOs”) are an extremely popular means of fundraising for new projects and utilise blockchain technology to do so. Whilst no specific legislation has been passed by the Cayman Islands Government in connection with STOs and cryptocurrencies, it would be incorrect to say that STOs are “unregulated”.
Stuarts Hires Caymanian Partner Jonathan McLean
Stuarts Walker Hersant Humphries, a leading Cayman Islands law firm, is pleased to announce that Caymanian, Jonathan McLean has been hired as the firm’s newest partner, effective July 2019.
Initial Coin Offerings in the Cayman Islands
Initial Coin/Token Offerings (“ICOs”) are becoming an increasingly popular means of fundraising for new projects and utilise blockchain technology to do so.