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In Re Lancelot Investors Fund, KBC Investments Ltd v Varga the Cayman Islands Court of Appeal has delivered its judgment on an appeal from the Grand Court concerning the impact of side letters on the constitutional arrangements of Cayman funds.

The Cayman Islands government recently adopted updated Anti-Money Laundering Regulations (the AML Regulations) which came into force on 2 October 2017.

Insolvency law in the Cayman Islands is principally regulated by the Companies Law (2013 Revision) and the Companies Winding Up Rules 2008, and they are supplemented by a wide body of case law.

The latest relaxations pertaining to transactions were passed on 17 May 2013 in Decree No 12 under the Enforcement of Restrictive Measures on Transactions in case of Emergency Law of 2013.

On 4 December 2024, the Official Journal of the European Union published two pivotal legislative updates to the European Market Infrastructure Regulation (EMIR 3.0)...

This Article examines in summary whether EU-based subsidiaries of the sanctioned Russian state-owned entities listed in Council Regulation (EU) 833/2014 (Regulation 833)

The European Union is never happier than when it is changing a sovereign country's laws for it.

A recent decision the Supreme Court of the State of New York has determined that the beneficial owners of bonds have standing to bring claims against the bond issuer and guarantors.

On 13 March 2024, two new UK-Russia sanctions licensing grounds were extended to the UK Overseas Territories: firstly, the UKOT competent authorities (eg BVI, Cayman Islands and Bermuda)...

In some of its recent decisions the Court of Appeal seems to have adopted a more restrictive line on applications for leave to appeal to the Privy Council. Although the Virgin Islands (Appeals to the Privy Council) Order provides a number of ways to appeal, the main provision for commercial disputes is set out under paragraph 3(1)(a)

When our global funds partners decided to meet in the Entertainment Capital of the World, there was a great deal of scepticism from the rest of the firm as to how constructive our collective output from the meetings might be.

The British Virgin Islands (BVI) remain the most popular international financial center for incorporating companies due to it being tax-neutral and politically stable with a flexible legal system...

Various sections of the Financial Services Commission Act, 2001 (the FSC Act) by the Financial Services Commission (Amendment) Act, 2015 (the Amendments) have been amended and enacted.

On 17 December 2013 the British Virgin Islands House of Assembly had the third and final reading of the new Arbitration Act 2013.

The Securities and Investment Business Act, 2010 ("SIBA") came into force in May 2010. It heralded the biggest change to the BVI investment funds legislative framework since the Mutual Funds Act, 1996 came into force.

On 15 September 20091 the judge responsible for the Lehman bankruptcy proceedings in the United States held that Metavante Corporation (“Metavante”) could not rely on Section 2(a)(iii) of the ISDA Master Agreement to suspend payments to Lehman Brothers Special Financing, Inc. (“LBSF”).

Now that the United Kingdom has served notice to leave the European Union under Article 50 of the Lisbon Treaty, managers of offshore funds have a clearer timetable for when Brexit will happen, with the UK scheduled to leave the EU in March 2019.