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In such a case, once the fraud has been discovered, it is unlikely to be very long before the company is put into liquidation. But the issue for shareholders who were led to invest...

Cayman Finance is pleased to learn from the Cayman Islands Government that further positive discussions on Cayman's beneficial ownership regime took place on 23 February 2016

Anyone familiar with Cayman Islands mutual funds will be aware of the decision of the Cayman Islands Grand Court last year in Weavering Macro Fixed Income Fund Limited (In Liquidation) v. Stefan Peterson and Hans Ekstrom.

The Cayman Islands Court of Appeal ("CICA") has delivered important and clarifying guidance on the admissibility and ranking of shareholder misrepresentation claims in Cayman Islands liquidations...

Colin MacKay, regional commercial director in Caribbean and Latin America, assesses what Cayman's AML regulations mean for businesses on the island.

Government agencies and the financial services industry, Cayman Finance in particular, collaborated to design the technology-based system.

The Board of the Privy Council (Board) recently handed down its judgment in Pearson v Primeo,[1] the latest Cayman Islands decision to emanate from the Bernard Madoff Ponzi scheme.

An amendment to Cayman's existing Anti-Corruption Law (2014 Revision) has been passed, the Anti- Corruption (Amendment) Law, 2016, and it has far reaching consequences as to how corruption is now investigated within the public sector in the Cayman Islands, ...

The Privy Council confirmed in Pearson v Primeo Fund that NAV calculated in accordance with the company's constitutional documents will, absent internal fraud, be binding.

A victim of fraud is described as being someone who is tricked into sending money to a fraudster who is posing as a genuine payee.

At the UK's Anti-Corruption Summit today, Cayman Islands Premier, the Hon. Alden McLaughlin, called for standards that are 'truly global' and inclusive of countries that have significant political clout.

As leading international financial centres, both Bermuda and the Cayman Islands have detailed legislation in place providing methods for the civil recovery by Governmental agencies...

Where there has been a purported fraud requiring investigation into the affairs of a company, the appointment of JPLs over the company may be an available remedy.

We are pleased to share the article that Adam Crane and Nicosia Lawson prepared for the ThoughtLeaders4 FIRE | TL4FIRE 2022 Year in Review Magazine on Remedies Available...

The Chief Justice of the Cayman Islands has delivered an important judgment on the application of the Proceeds of Criminal Conduct Law (PCCL), which reflects the balance that the Law itself seeks to strike between the objective of securing assets to meet any confiscation order upon conviction and ensuring that the proprietary rights of third parties are not prejudiced.

As part of Ogier's ongoing series of articles on fraud and asset tracing, we will now look at a number of recovery claims that victims of fraud have brought against their service providers.

In recent years the Cayman Islands has become an attractive destination for technology entrepreneurs, particularly those connected with virtual assets. While much of Cayman's...