The Grand Court Reaffirms the Foundational Importance of Pleadings in Civil Litigation
Highlighting a recent case in the Cayman Islands, [2025] CIGC (FSD) 44 – Re Rasmala Trade Finance Fund (2) (“Re: Rasmala Trade Finance Fund (2)”), HSM Partner and Head of Litigation Kerrie Cox covers an important and often overlooked distinction between court pleadings and affidavits.
Crypto Funds in the Cayman Islands – Rise, Regulations and Structures
The Cayman Islands has seen a significant rise in the number of fintech funds being established and is increasingly becoming the preferred jurisdictional choice for fund managers seeking to establish new funds investing in cryptocurrencies and blockchain products.
New Travel Rules for Virtual Asset Service Providers
The Cayman Islands Monetary Authority (the “Authority”) has advised that PART XA of the Anti-Money Laundering (Amendment) (No. 2) Regulations, 2020 (“AMLRs”), will commence effective 1 July 2022. Part XA of the AMLRs sets out the identification and record-keeping requirements relating to transfers of virtual assets.
Registration and Continuing Obligations of a Virtual Asset Service Provider
Introduction This Guidance Note sets out the registration and continuing obligations of a virtual asset service provider registered with, or licensed by, the Cayman Islands Monetary Authority (“CIMA”) under the Virtual Asset (Service Providers) Act, (2022 Revision) (the “VASPA”).
Regulation on Processing and Privacy of Personal Data in Electronic Communications Sector
The Regulation on Processing and Privacy of Personal Data in Electronic Communications Sector (“Regulation”) has been published on the Official Gazette of December 4, 2020.
Firms to Adhere to Anti-Dumping Law in Vietnam
Anti-dumping regulations are among the important issues that Vietnamese and foreign businesses are interested in. Why is this the case, and what factors are involved in determining whether these regulations are being followed?
Registration of Virtual Asset Service Providers in the Cayman Islands
The Virtual Asset (Service Providers) Law, 2020 The Cayman Islands Government passed the Virtual Asset (Service Providers) Law, 2020 (the “Law”) on 25 May 2020. This was accompanied with updates to a number of other laws including the Monetary Authority (Amendment) (No.2) Law, 2020, the Securities Investment Business (Amendment) Law, 2020 (the “SIBL”), the Mutual …
Continue reading “Registration of Virtual Asset Service Providers in the Cayman Islands”
The Private Funds (Amendment) Law 2020
On 7 July 2020, the Government of the Cayman Islands passed the Private Funds (Amendment) Law, 2020.
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.