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  • Article

    Birds Fly Across The Wall: Insufficient Evidence To Justify Substituted Service

    The petitioners, who are two minority shareholders of a Cayman Islands company, relied on alleged difficulties with service in the PRC under the Hague Service Convention (the Convention).
    Cayman IslandsCorporate/Commercial Law
    Harneys
    Harneys
  • Article

    Is This An Agreement To Arbitrate? – A Case Concerning Multiple Dispute Resolution Clauses

    The judgment in the recent English case of Bugsby Property LLC and Anor v Omni Bridgeway (Fund 5) Cayman Invt. Ltd serves as a useful reminder...
    Cayman IslandsLitigation, Mediation & Arbitration
    Harneys
    Harneys
  • Article

    No Place For Public Policy - Cayman Islands Reviews Forum Formula

    The Court recognised that its primary task is to identify the forum in which the case can be suitably tried for the interests of all parties and for the ends of justice.
    Cayman IslandsLitigation, Mediation & Arbitration
    Harneys
    Harneys
  • Article

    Cayman Islands Introduces The Mandatory Disclosure Rules For CRS Avoidance Arrangements And Opaque Offshore Structures

    The introduction of the MDRs is part of the Cayman Islands' commitment to adopting OECD-style Model Rules.
    Cayman IslandsPrivacy
    Harneys
    Harneys
  • Article

    The Use Of AI In Legal Proceedings: The Grand Court Weighs In

    The Cayman Islands Distinguished Guest Lecture for 2024, AI Transforming The Work of Lawyers and Judges, was given by the Rt Hon Sir Geoffrey Vos, Master of the Rolls.
    Cayman IslandsTechnology
    Harneys
    Harneys
  • Article

    EBA Guidelines On Group Capital Test For Cyprus Investment Firms

    On 22 October 2024, the Cyprus Securities and Exchange Commission (CySEC) announced its adoption of the European Banking Authority...
    CyprusCorporate/Commercial Law
    Harneys
    Harneys
  • Article

    Cyprus And Iran Sign Double Tax Treaty

    On 4 August 2015, the governments of Cyprus and Iran signed an agreement for the avoidance of double taxation (the Treaty).
    CyprusTax
    Harneys
    Harneys
  • Article

    Cyprus Snapshot: Options And Advantages

    Cyprus has been a member state of the European Union since 2004 and one of the top venues for the incorporation and establishment of businesses across Europe.
    CyprusWealth Management
    Harneys
    Harneys
  • Article

    ESMA's Guidance On Non-MiCA Compliant Crypto-Asset Services

    On 17 January 2025, the European Securities and Markets Authority (ESMA) issued a statement on providing crypto-asset services related to Asset-Referenced Tokens...
    European UnionTechnology
    Harneys
    Harneys
  • Article

    Iranian Sanctions Relief In The UK Overseas Territories: An Update For Bermuda, BVI And Cayman

    A significant number of EU sanctions and restrictive measures on Iran related to its nuclear programme were lifted across the EU and other states following Implementation Day of the JCPOA on 16 January 2016.
    GlobalInternational Law
    Harneys
    Harneys
  • Article

    UK Government Tightens Sanctions: Ban On Russian Diamonds Extended To Third Country Processors

    On 28 February 2024, the UK Government published the Russia (Sanctions) (EU Exit) (Amendment) (Regulations) 2024, extending the ban on Russian diamonds...
    GlobalInternational Law
    Harneys
    Harneys
  • Article

    Reciprocal Enforcement Between Hong Kong And China – Expanded Options

    BVI, Cayman Islands or Bermuda companies listed or with underlying operations in mainland China or Hong Kong
    GlobalLitigation, Mediation & Arbitration
    Harneys
    Harneys
  • Article

    UK Unveils Largest Sanctions Package Against Russia Since 2022

    On 24 February 2025, the UK announced its most significant sanctions package since the early days of Russia's full-scale invasion of Ukraine.
    United KingdomInternational Law
    Harneys
    Harneys
  • Podcast

    BVI Commercial Court Reiterates Its Pro-Enforcement Approach To New York Convention Arbitration Awards (Podcast)

    In a recent decision in Qu Haiping v Window of Trade International Limited et al, the BVI Commercial Court reiterated its pro-enforcement approach to the enforcement of New York Convention arbitration awards.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Harneys
    Harneys
  • Article

    BVI ITA Publishes Its Lists Of CRS Participating Jurisdictions And Reportable Jurisdictions For 2024

    On 5 February 2024, the BVI International Tax Authority (ITA) published its updated Common Reporting Standards (CRS) lists of Participating Jurisdictions and Reportable Jurisdictions for 2023.
    British Virgin IslandsTax
    Harneys
    Harneys
  • Article

    BVI Premium Service Transactions

    As of 1 December 2015, the Registry of Corporate Affairs in the British Virgin Islands is offering an option for Premium Services which will guarantee a four hour turnaround for certain transactions submitted to the Registry.
    British Virgin IslandsWealth Management
    Harneys
    Harneys
  • Article

    New Security Features Added To ROCA Certificates

    The BVI Financial Services Commission issued the announcement on 1 July 2014 regarding new security features for Registry of Corporate Affairs certificates.
    British Virgin IslandsWealth Management
    Harneys
    Harneys
  • Article

    Back To Base: What Does Brexit Mean For UK Sovereign Bases In Cyprus?

    Although they are often grouped with the other 13 British Overseas Territories, the sovereign bases of Akrotiri and Dhekelia in Cyprus merit separate analysis in view of Brexit...
    CyprusWealth Management
    Harneys
    Harneys
  • Article

    BVI And Cayman Islands Continue To Play Dominant Roles In Arbitration In Asia

    It is common ground that Hong Kong is a major international arbitration hub in Asia, and its role will only become ever more important given the advantages in enforcing Hong Kong arbitral awards in Mainland China.
    GlobalLitigation, Mediation & Arbitration
    Harneys
    Harneys
  • Article

    A Numbers Game: How Many Petitions Does It Take To Appoint Receivers To Segregated Portfolios Within An SPC?

    In the recent decision of In the Matter of Bo Run SPC, the Grand Court of the Cayman Islands considered whether it was permissible to file a composite petition to appoint receivers...
    Hong KongInsolvency/Bankruptcy/Re-Structuring
    Harneys
    Harneys

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