ArticleAmendments To NPO Law Take Effect, LLPs To Feature BO EnhancementsThese pieces of legislation supplement the legal framework created by the Non-Profit Organisations Law, 2017. Cayman IslandsCorporate/Commercial LawCayman Islands Government
ArticleCarey Olsen Advises Brazil's 99 In US$1 Billion Ride-Sharing App SaleLawyers from Carey Olsen's corporate and finance practice in the Cayman Islands have advised 99, the Brazilian ride-sharing application and Uber competitor, on its sale to China's Didi Chuxing.Cayman IslandsCorporate/Commercial LawCarey Olsen
ArticleCarey Olsen Advises On A$1.2 Billion Restructure Of Bis IndustriesLeading offshore law firm Carey Olsen has advised entities managed by The Carlyle Group and affiliates of Värde Partners on the A$1.2 billion restructure and recapitalisation of the Bis Industries group, an Australian resources logistics and materials handling provider.Cayman IslandsCorporate/Commercial LawCarey Olsen
ArticleCarey Olsen Advises On US$200m SPAC IPO On NasdaqCarey Olsen's corporate team in the Cayman Islands has advised Global Technology Acquisition Corp. I, a special purpose acquisition company (SPAC)...Cayman IslandsCorporate/Commercial LawCarey Olsen
ArticleCayman Commits To Introducing A Public Beneficial Ownership RegisterThe Government of the Cayman Islands has announced its intention to introduce a public register of company beneficial ownership.Cayman IslandsCorporate/Commercial LawConyers
ArticleCayman Islands Abolishes Rule Against PerpetuitiesThe Cayman Islands has introduced new legislation that abolishes the rule against perpetuities for ordinary trusts, allowing them to continue indefinitely.Cayman IslandsCorporate/Commercial LawStuarts Humphries
ArticleCayman Islands Economic Substance Filing Deadline Looms Large For IP Companies And TROsThe Cayman Islands Department for International Tax Cooperation's online portal ("DITC Portal") opened in January 2021 to facilitate economic substance reporting to the Cayman Islands Tax...Cayman IslandsCorporate/Commercial LawConyers
ArticleCayman IslandsTo Introduce New Directors Registration And Licensing RegimeThe Cayman Islands government has announced, by way of a Gazette dated 21 March 2014, its intention to introduce a registration and licensing regime for directors of certain regulated entities in the Cayman Islands.Cayman IslandsCorporate/Commercial LawMaples Group
ArticleCayman Legislation Enhances And Consolidates Beneficial Ownership RulesFollowing the recent removal of the Cayman Islands from the Financial Action Task Force's (FATF) grey list, on 23 November 2023, the Cayman Islands passed the Beneficial Ownership Transparency Bill 2023.Cayman IslandsCorporate/Commercial LawStuarts Humphries
ArticleCayman Update: Return Of Mistaken Payments Held On Constructive TrustOn 26 April 2022, Chief Justice Smellie QC in Re Premier Assurance Group SPC Ltd. sanctioned a decision by the joint official liquidators of Premier Assurance Group SPC Ltd. Cayman IslandsCorporate/Commercial LawWalkers
ArticleCharities Have One More Chance To Learn About NPO Law This YearGeneral Registry, in association with the Ministry of Financial Services, will stage its final information session for 2017 on NPOs (non-profit organisations) on Monday, 18 December. Cayman IslandsCorporate/Commercial LawCayman Islands Government
ArticleCompanies (Amendment) Law 2015The Companies (Amendment) Law 2015 (the Law) has now come into effect in the Cayman Islands and will have potential application to all Cayman Islands companies.Cayman IslandsCorporate/Commercial LawHarneys
ArticleCompanies Have Brief Waiver Period To Submit Director And Officer DetailsThe Ministry of Financial Services advises that The Companies (Amendment) Law 2015 will commence on Monday, 2 November 2015.Cayman IslandsCorporate/Commercial LawCayman Islands Government
ArticleDCI Publishes List Of T&B Licence Holders A list of current trade and business licence holders is now available on the Department of Commerce and Investment's websiteCayman IslandsCorporate/Commercial LawCayman Islands Government
ArticleDEADLINE LOOMS – New CIMA Rules And Guidance On Corporate Governance And Internal Controls Come Into Force Next WeekCIMA's new rule on corporate governance and rule and statement of guidance on internal controls come into effect on 14 October 2023 and applies to all entities regulated by CIMA, including mutual and private funds.Cayman IslandsCorporate/Commercial LawAppleby
ArticleDirectors' Duties Re Zone Of InsolvencyIt is important to note that even though the board of directors of a fund ordinarily delegate responsibility to manage the fund's investments to investment managers, ...Cayman IslandsCorporate/Commercial LawHarneys
ArticleDissenting Shareholder Fair Value PetitionsThe statutory merger provisions of the Companies Law have now been in force for some time, and the regime is used frequently to effect a wide range of corporate transactions. Cayman IslandsCorporate/Commercial LawWalkers
ArticleGuide To Continuing Obligations Of A Cayman Islands Registered Mutual FundThis Guide sets out the continuing obligations under Cayman Islands law of an open-ended fund registered with the Cayman Islands Monetary Authority (CIMA) under section 4(3) of the Mutual Funds Law...Cayman IslandsCorporate/Commercial LawHarneys
ArticleIntertrust Provides Cayman AML OfficersIntertrust Cayman can provide you with the experienced people you need to fulfill the new anti-money-laundering roles required by Cayman's updated Anti-Money Laundering Regulations.Cayman IslandsCorporate/Commercial LawIntertrust
ArticleLimited Liability Companies Law, 2016 To Be In Force 13 July 2016Further to our previous advisories, we are pleased to announce that the much anticipated Limited Liability Companies Law, 2016 will come into force on Wednesday 13 July 2016 as the Cayman Islands Government gazetted the commencement order for the LLC Law last Friday 8 July 2016.Cayman IslandsCorporate/Commercial LawCampbells