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The Cayman Islands, along with many other jurisdictions, has been required by the OECD to introduce economic substance requirements.

This article considers two Cayman court decisions on claims brought by limited partners in respect of an exempted limited partnership (‘ELP') and the court's interpretation of provisions...

In an important case for trustees, protectors and beneficiaries, the Royal Court of Jersey has ruled on the scope of a protector's power to consent to or to veto a trustee's proposed...

In 9 September 2021, President Biden announced the development of an emergency rule to require all US employers with 100 or more employees (together over 80 million workers) to ensure their ...

The government of Bermuda has published the Economic Substance Act 2018 (the "ESA"). The ESA, once adopted, is intended to meet the commitment made by Bermuda to address certain concerns raised

Bermuda's Privacy Commissioner has recently announced that the island's first data privacy legislation, the Personal Information Protection Act 2016 (PIPA), may soon be coming into effect, at least for some businesses.

In August 2024, Bermuda's Ministry of Finance published a public consultation paper setting out certain proposed compliance obligations for Bermuda corporate taxpayers including certain anticipated...

With governments' financial resources under increasing strain, Bermuda counsel Ashley Fife explores how this is impacting developments in international taxation and identifies those most pertinent...

The Corporate Income Tax Act 2023 (the "Tax Act") imposes corporate income tax on certain Bermuda-based entities.

On 1 January 2023, the BVI Business Companies Act, 2004 was amended by the: (1) BVI Business Companies (Amendment) Act, 2022; and (2) the BVI Business Companies...

The Cayman Islands provides for a unique form of statutory trust known as a "STAR Trust". "STAR" is an acronym for the Special Trusts Alternative Regime, now contained in Part VIII of the Trusts Act (as revised)...

FATCA or the Foreign Account Tax Compliance Act, is actually a section of the Hiring Incentives to Restore Employment Act passed into United States law in March 2010, that comes into force on 1 July 2014.

Carey Olsen is proud to have sponsored the 7th annual INSOL International Channel Islands Seminar which took place in Jersey on 14 September 2021.

This briefing note provides an outline of the different processes of voluntary winding up and striking off under the Companies (Guernsey) Law, 2008 (as amended) (the "Law").

This briefing note explains the distinction between the concepts of dividends and distributions before setting out the main steps involved in paying out dividends and distributions under The Companies (Guernsey) Law.

A few years ago, I suspect that very few people would have understood what was meant by ESG and those who did probably saw it as an esoteric sub-group of marginal interest.

It is rare that directors foreshadow claims against them, and often claims arise with little if any warning, from what directors may consider to have been historic transactional decision-making.