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Recent world events have offered both individuals and businesses across the world an opportunity for introspection.

The Directors Registration and Licensing Law, 2014 was published on the 21st of May, 2014.

The following briefing provides a round-up of the Cayman legal and regulatory developments during the third quarter of 2022 that may be of interest to funds clients.

Across global investment markets, the Cayman Islands continues to set the benchmark for fund structuring, investor protection and governance transparency.

CIMA undertook a public consultation during the course of 2012 on certain corporate governance proposals that were intended to enhance and clarify corporate governance standards.

As UK politics in 2015 moved towards the May general election, it was little surprise that the issue of beneficial ownership and the introduction of a central registry for the main offshore financial centres, returned to the political agenda.

The rules of court in the Cayman Islands control shareholders' entitlement to issue proceedings in the name of their company.

Following extensive consultation with businesses, associations and government entities, the cost of local companies control license...

When a majority shareholder sought to remove directors through an extraordinary general meeting, the board attempted to postpone the vote indefinitely using broadly drafted powers in the company's articles of association. The Cayman Grand Court was asked to determine whether such procedural mechanisms could be deployed to effectively neutralise fundamental shareholder rights, and whether directors could entrench themselves by blocking the very votes intended to remove them.

The Cayman Islands Monetary Authority (CIMA) issued its ‘Statement of Guidance for Regulated Mutual Funds - Corporate Governance' in December 2013 (the CIMA Statement).

The Cayman Islands Monetary Authority is expected to issue new rules and guidance for all Cayman funds, including regulated mutual funds and – for the first time – private funds regulated under the Private Funds Act.

In a recent judgment, the Cayman Islands Court of Appeal (the "Court") has upheld the decision of the Grand Court which found that investors who have redeemed their shares but remain unpaid at the commencement of a company's liquidation are entitled to prove in the liquidation for their redemption proceeds as a creditor.

The Court of Appeals has held that while the directors of the Fund ("Directors") acted negligently, there was no element of 'willful' negligence or default on their part.

Head of Ogier Regulatory Consulting Lisa Bowyer and Senior Regulatory Consultant Georgia Scott provide advice on compliance for Securities Investment Business registered persons.

Credit Suisse released an excellent research paper at Davos this year entitled "How Corporate Governance Matters". Coming at the end of a flurry of corporate governance scandals that were operatic in colour and scale, . . .

Cayman Enterprise City (CEC) offers a unique opportunity perfect for commodities and derivatives trading companies.

The registered office service provider for each Cayman Islands company should contact the company with regard to the requirements of the Regime.

When Anna and Ralph Muheim relocated from Switzerland to the Cayman Islands to establish ShoreLabs SEZC, the move was intended as more than a change in geography.