ArticleJersey Foundations - New Reporting RequirementsAn amendment to the Foundations (Jersey) Law 2009 is expected to come into force on 1 December this year. JerseyFinance and BankingWalkers
ArticleUnderstanding The Updates In Bermuda's New Licensing Regime For Digital Identity Service ProvidersBermuda's proposed new licensing regime for digital identity service providers (DISPs) has been further refined and updated, with five licensable activities reduced to two.BermudaIntellectual PropertyWalkers
ArticleAfter Pati Comes Pipa. Are We Ready?A Bill entitled Personal Information Protection Act 2016 was recently passed by the House of Assembly and the Senate and awaits Royal Assent for formal enactment.BermudaPrivacyWalkers
ArticleTime Is Running Out – Investment Business RegistrationWalkers (Bermuda) Limited has successfully completed the Island's first Class B Registration, since the Investment Business Amendment Act 2022 came into force in July 2022 (the "Amendments").BermudaStrategyWalkers
ArticleThe CFATF Recognises The Significant Progress That The BVI Has Made To Improve Its Compliance With The FATF's 40 RecommendationsThe CFATF has published the 2nd Enhanced Follow-up Report in relation to the BVI.British Virgin IslandsComplianceWalkers
ArticleMergers In A BVI Regulatory ContextWhen planning a restructuring that involves a merger where at least one of the merging entities is a BVI company, that is regulated by the BVIFSC, there are some specific and unwritten procedures...British Virgin IslandsCorporate/Commercial LawWalkers
ArticleUpdates To The Cayman Islands Beneficial Ownership RegimeThe Cayman Islands beneficial ownership regime ("BOR"), which came into force on 1 July 2017, has been revised by amending legislation which came into force on 13 December 2017.Cayman IslandsCorporate/Commercial LawWalkers
ArticleCayman Islands STAR Trusts: Reinforcing The Role Of EnforcersOn 1 February 2024, Kawaley J handed down a judgment in the case of In re G Trust (Cause No. FSD 270 of 2023) in which he commented on some of the key features of Cayman Islands...Cayman IslandsCorporate/Commercial LawWalkers
ArticleInvestment Funds Observations 2017 - Part TwoFrom our vantage point as advisers to many of the world's top hedge fund managers, broad market forces flow through to our instructions, and ultimately drive many of the terms of the funds we advise. Cayman IslandsCorporate/Commercial LawWalkers
ArticleIt's Personal: Privy Council Confirms Cayman Islands Law On Shareholders' Personal Rights Against A CompanyThe Judicial Committee of the Privy Council (the "JCPC") has handed down its much-anticipated judgment in Tianrui (International) Holding Company Ltd v China Shanshui Cement Group Ltd [2024] UKPC 36...Cayman IslandsCorporate/Commercial LawWalkers
ArticleNavigating The Shifts In US Deal MakingSponsors are targeting exits and exploring high-growth sectors like quantum computing, data centres, fintech and sports franchises to capture innovation-driven deal flow.Cayman IslandsCorporate/Commercial LawWalkers
ArticleProtection Of Dissenters' RightsIn a recent case before the Grand Court of the Cayman Islands Walkers, along with Robert Levy QC as leading counsel, has successfully argued that a dissenting shareholder in proceedings...Cayman IslandsCorporate/Commercial LawWalkers
ArticleTerminating Your Cayman Company To Avoid 2025 Annual FeesIf you have a Cayman company which has no assets or liabilities and would like to terminate this entity to avoid 2025 annual fees, please contact our specialist full-service liquidations team in Dubai.Cayman IslandsCorporate/Commercial LawWalkers
ArticleA Focus On Expense Allocations - Wells Fargo Prime ServicesIngrid Pierce discusses expense allocations on page nine of the Wells Fargo Prime Services, Business Consulting Group's Industry and Regulatory Update Quarterly, dated July 2017.Cayman IslandsFinance and BankingWalkers
ArticleHow To List High Yield Bonds On The International Stock ExchangeThe purpose of this article is to provide a high level understanding of Walkers' listing sponsor services in the Channel Islands, together with general information on the listing of High Yield Bonds...Cayman IslandsFinance and BankingWalkers
ArticleInvestment Funds Observations 2017 - Part SevenFrom our vantage point as advisers to many of the world's top private equity houses, broad market forces flow through to our instructions...Cayman IslandsFinance and BankingWalkers
ArticleUpdate On The Removal Of The Cayman Islands From The FATF's List Of Jurisdictions Under Increased MonitoringFollowing the conclusion of the most recent plenary of the Financial Action Task Force ("FATF") on 27 October 2023...Cayman IslandsFinance and BankingWalkers
ArticleWhere "Industry Practice" Diverges From The Law: Back-To-Back Redemptions In Cayman Islands Master/Feeder Investment Fund StructuresA recent judgment of the Grand Court of the Cayman Islands1 (Grand Court) has raised a number of important issues for the processing of redemptions in master-feeder structures.Cayman IslandsFinance and BankingWalkers
ArticleWill Policy Makers Stifle The Dao RevolutionDAOs, a new form of the online decentralized organization, have shown massive growth over the past two years, with more than 10,000 DAOs and billions of crypto assets held in DAO treasuries.Cayman IslandsFinance and BankingWalkers
ArticleCayman Grand Court Confirms Statutory Mechanism For Approval Of Former Liquidators' Fees As Statutory TrusteesGrand Court confirms that Section 48 of the Trusts Act (2021 Revision) provides a statutory gateway for the approval of former liquidators' fees as statutory trustee pursuant to Order 23, rule 5 of the CWRCayman IslandsInsolvency/Bankruptcy/Re-StructuringWalkers