2013 Cash Shell Resurgence

A recent English High Court decision clarifies that investor-appointed directors cannot freely share privileged legal documents with their appointing shareholders without explicit company authorization. This ruling challenges common assumptions about information rights in shareholders' agreements and establishes new boundaries for directors navigating dual loyalties between companies and investors.

The Cayman Islands Monetary Authority has introduced new enforceable Rules on anti-money laundering and sanctions compliance, effective September 18, 2026. These Rules transform previous guidance into directly enforceable requirements, establishing clear obligations for regulated entities including mandatory annual training for governing bodies, independent audit requirements, and enhanced AMLCO independence standards.

The Cayman Islands Monetary Authority has introduced two new legally enforceable Rules that fundamentally transform the compliance landscape for financial services providers, including insurers and reinsurers. These Rules elevate previously non-binding guidance into mandatory requirements ahead of the Caribbean Financial Action Task Force's 5th Round Mutual Evaluation in 2027, creating significant new obligations particularly around sanctions compliance that will affect even entities not conducting Relevant

The Cayman Islands offers ambitious founders a strategic nearshore base for international expansion, combining tax neutrality with sophisticated legal frameworks, regulatory stability, and access to world-class professional services. Companies establishing through Cayman Enterprise City's Special Economic Zone can build genuine operational presence without excessive infrastructure commitment, while connecting to global networks spanning technology, digital assets, and FinTech sectors.

A recent Cayman Islands court decision examines critical questions about directors' powers to postpone shareholder meetings, the appointment of meeting chairs when directors are absent, and the disclosure obligations of dissident shareholders in proxy contests. The case establishes important precedents regarding fiduciary duties in contested director elections and the circumstances under which terms may be implied into articles of association.

Cayman Islands companies and investment funds planning a year-end voluntary liquidation must navigate strict statutory timelines and regulatory requirements that begin months before December 31st. Missing critical deadlines can trigger an additional year of government fees, CIMA charges, and potentially unintended audit obligations. This guide outlines the essential planning dates, sequencing requirements for CIMA-regulated funds, and the coordination needed between deregistration and dissolution processes.

Cayman Islands corporate governance has evolved beyond basic administrative functions into a comprehensive framework requiring coordinated legal, regulatory and operational support. This article examines how investment managers and sponsors can address emerging compliance risks through integrated corporate administration, proper record-keeping and proactive regulatory management.

The Cayman Islands has introduced significant reforms to its business licensing framework, including the option for eligible Caymanian-owned businesses to obtain multi-year Trade and Business Licences valid for up to five years, alongside revised fee structures across professional services, real estate, and property development sectors.

On 24 July 2026, China's Ministry of Finance and State Taxation Administration jointly issued the Announcement on Individual Income Tax Matters Relating to Offshore Trusts (《财政部 税务总局关于离岸信托个人所 得税有关事项的公告》) (Announcement No. 21 of 2026) (the "Notice"), together with a companion Announcement of the State Taxation Administration on Collection and Administration Matters Relating to Individual Income Tax on Offshore Trusts...

The executor's year in Cayman Islands succession law represents a critical juncture where beneficiary expectations meet administrative realities. Does this twelve-month period impose an absolute deadline for estate completion, or does it function as a flexible measure of reasonable diligence? This analysis examines the statutory provisions, common law foundations, and practical implications of sections 5 and 7 of the Succession Act to resolve fundamental questions about representative obligations and benefi

The Central Bank of Ireland (the “Central Bank”) has published a thematic assessment report (the “Report”) following a review of the implementation of key aspects of the Fitness and Probity regime (the “F&P Regime”) in the MiFID investment firm sector.

A key operational change to CRS is the new requirement for a Cayman Islands Financial Institution (each an “FI”) to appoint a Principal Point of Contact (“PPoC”) that is resident in the Cayman Islands. Where the PPoC of an FI is not currently resident in the Cayman Islands, the FI is required to appoint a Cayman Islands-based PPoC and notify the Department for International Tax Cooperation (“DITC”) by 31 January 2027.

The Cayman Islands has updated its Common Reporting Standard (“CRS”) framework, and most new requirements came into effect from 1 January 2026. This client update provides an overview of the changes and how the Maples Group can assist.

The Cayman Islands and the British Virgin Islands (“BVI”) occupy a leading position in the global investment funds landscape.

Effective as of 1 January 2026, an update to the Common Reporting Standard, or CRS, requires that financial institutions based in the Cayman Islands have a Principal Point of Contact, or “PPOC”, that has a physical presence within the jurisdiction.

On 24 July 2026, China's Ministry of Finance and State Taxation Administration jointly issued the Announcement on Individual Income Tax Matters Relating to Offshore Trusts (《财政部 税务总局关于离岸信托个人所 得税有关事项的公告》) (Announcement No. 21 of 2026) (the "Notice"), together with a companion Announcement of the State Taxation Administration on Collection and Administration Matters Relating to Individual Income Tax on Offshore Trusts...

The legislative framework governing agency workers in Ireland, the Protection of Employees (Temporary Agency Work) Act 2012 (the “2012 Act”) has been in place for almost 15 years but continues to be an area that generates questions...

The Cayman Islands Government has announced 1 the Cayman Islands has submitted an application to the US National Association of Insurance Commissioners (“NAIC”) for Qualified Jurisdiction Status (“QJS”).

The UK Consumer Composite Investments (“CCI”) regime introduces a new disclosure framework for investment products made available to UK retail investors.

CIMA’s new AML and sanctions Rules introduce enhanced compliance requirements for Cayman Islands regulated entities, including private funds and mutual funds. This guide summarises the key obligations, compliance considerations and action items for CIMA registered funds ahead of the 18 September 2026 implementation date.