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2019 was a turning point for the capital markets where Walkers noted a wide variety of transactions embracing the "green factor".

Last March we published an advisory on the Cayman Islands inclusion on the Financial Action Task Force's list of "jurisdictions under increased monitoring" (FATF Monitoring List), noting that the EU Commission...

Automatic Exchange of Information ("AEOI") encompasses due diligence and regulatory reporting requirements under the Foreign Account Tax Compliance Act ("FATCA") and the Common Reporting Standard...

There have been a number of recent amendments to the Common Reporting Standard (CRS) and FATCA reporting regimes in the Cayman Islands.

The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the "Amendment Regulations") came into force on 26 June 2020.

The commencement order for the Companies (Amendment) Act, 2021 - legislation that is intended to attract and maintain restructuring and liquidation business in the Cayman Islands.

Cayman Enterprise City Publishes Economic Impact Analysis (EIA) by Economist and Leading Advisor on the Caribbean, Marla Dukharan.

Where a shareholder has redeemed his shareholding following a failed investment without objection some months prior to the initiation of a voluntary liquidation, the Court will not permit him...

Grand Cayman, 7 June 2022 - By giving institutional investors more investment options, the Insurance (Amendment) Bill, 2022 is intended to strengthen the Cayman Islands' position in international...

The Cayman Islands has proposed a suite of targeted amendments to the Mutual Funds Act and Private Funds Act to provide a clear, statutory framework for tokenised fund structures, alongside complementary changes to the Virtual Asset (Service Providers) Act.

When the board of the International Organisation of Securities Commissions (IOSCO) published its Report on the Fourth IOSCO Hedge Fund Survey in November 2017, the findings confirmed the continuing strength and widespread appeal of the alternative investment industry to investors.

Under the Beneficial Ownership Transparency Act, 2023 ("BOTA"), entities that are registered as investment funds may avail themselves of an alternative route to compliance with the BOTA by appointing a Contact Person as a liaison between the fund and the competent authority for the BOTA.

Grand Cayman, 19 November 2024 – Bills to implement Government's revenue-raising measures, and a Bill to implement phase 2 of the regulatory framework for virtual asset services in the Cayman Islands

The Q4 Regulatory Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 October to 31 December 2022. We discuss the following areas...

By progressing to completion the Financial Action Task Force plan, thereby addressing remaining AML issues with our regime, the Cayman Islands intends to be removed from the...

The Premier, the Hon. Alden McLaughlin; and the Minister of Financial Services, Wayne Panton

We previously published an article in March 2019 on the introduction of the International Tax Co-operation (Economic Substance) Act (2021 Revision) in Cayman ('ES Act'). Our 2019 article can be found here.