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”).
TÜRK HUKUKUNDA ORTAKLIĞIN GİDERİLMESİ İZALE-İ ŞÜYU DAVALARI
Eski adıyla izale-i şüyu olarak bilinen ortaklığın giderilmesi davası, paylı mülkiyete veya elbirliği ile mülkiyete konu olan taşınır/taşınmaz malın, haklı bir sebebin varlığına gerek duyulmaksızın paydaşlardan her birinin paylaşma talebinde bulunması sonucu ortaya çıkan bir dava türüdür. Bu dava türü, ülkemizdeki miras hukuku kapsamındaki mülkiyet paylaşımları doğrultusunda, en yaygın olarak açılan davalardan biridir.
LITIGATION FOR THE DISSOLUTION OF JOINT OWNERSHIPS UNDER TURKISH LAW
Litigation for the dissolution/elimination of joint ownership of properties, also called partition lawsuits (‘izale-i suyu davalari’ in Turkish), are type of cases that arise as a result of the will of any joint owner to dissolve the co-ownership status over a movable or immovable property subject to co-ownership or joint ownership without the need for …
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Decoding the Twitter V. Elon Musk Feud – What is the “Material Adverse Effect” Clause and What is it’s Impact on M&A Deals?
Mergers and Acquisitions (“M&A”) are strategic business collaborations that form an indispensable part of the corporate world. Parties have to mutually consent upon key terms and considerations regarding the target’s business before closing the deal. Legally speaking, the ongoing dispute between Twitter and Elon Musk (“Musk”) in the Delaware Chancery Court has given prominence to …
ESG Disclosures for Indian Companies
As we enter the financial year 2023, the year from which SEBI’s Business Responsibility and Sustainability Reporting Framework (“BRSR”) becomes mandatory for the top 1000 listed companies based on market capitalization, corporate commitment to environmental, social and governance (“ESG”) norms continues to be in focus.
Elements of a Privacy Policy in India
1. Legal background 1.1. Data Privacy and Protection regime in India is presently regulated by the Information Technology Act, 2000 (“IT Act 2000”) in conjunction with the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 (“SPDI Rules”).
The Use Of E-signatures In Documents
The changes brought about by COVID-19 has forced businesses to re-think the efficiency of their processes. One way in which businesses have sought to improve efficiency is by incorporating e-signatures into their standard operating procedures.
The brave new world of autonomous shipping
The size of the global Maritime Autonomous Surface Ships (MASS) market is projected by Allied Market Research to reach $165 billion by 2030 with the Asia Pacific region expected to drive much of that growth.