Unravelling
Complexity

Insights

Unravelling Complexity

285 Results

Creation of INSTEX to facilitate legitimate trade between the EU and Iran
Regulatory and Tax

Creation of INSTEX to facilitate legitimate trade between the EU and Iran

On 31 January 2019, France, Germany and the United Kingdom, following the commitment to preserve the Joint Comprehensive Plan of Action which was endorsed through resolution 2231 (United Nations), announced the creation of the Instrument for Supporting Trade Exchanges, a special purpose vehicle designed with the intention of facilitating legitimate trade between the European Union and the Islamic Republic of Iran.
Down, but not out - so who picks up the tab?
Banking and Finance

Down, but not out - so who picks up the tab?

In a landmark ruling for the Cayman Islands jurisdiction, the Honourable Chief Justice Smellie of the Grand Court, on 31 May 2018, emphatically dismissed a multi-billion dollar claim in the case of Ahmad Hamad Algosaibi & Brothers Company v SICL & Ors, involving allegations of fraud arising from one of the largest corporate collapses of the financial crisis.
The Cyprus Bar Association issues guidance on terrorist financing risk assessment
Regulatory and Tax

The Cyprus Bar Association issues guidance on terrorist financing risk assessment

The Cyprus Bar Association has issued guidance on identifying, assessing and understanding the risk of terrorist financing in financial centres, the contents of which have been reviewed and endorsed by MONEYVAL.
Clearstream expands fund platform to Cyprus
Investment Funds

Clearstream expands fund platform to Cyprus

On 7 January 2019, Clearstream, one of the most well-known Luxembourg based international central securities depository, announced a further expansion of its Vestima offering by making Cyprus domiciled investment funds, including alternative investment funds and collective investment in transferrable securities, eligible for order routing, settlement and custody.
CySEC’s circular – Guidelines on complex debt instruments and structured deposits
Regulatory and Tax

CySEC’s circular – Guidelines on complex debt instruments and structured deposits

The Cyprus Securities and Exchange Commission issued a circular on 19 December 2018 reminding Cyprus investment firms and alternative investment fund managers of the European Securities and Markets Authority Guidelines on complex debt instruments and structured deposits.
Cayman’s laws well equipped for maturing digital asset market
Investment Funds

Cayman’s laws well equipped for maturing digital asset market

The cryptocurrency market is predicted to reach USD1 trillion according to Smartereum as the market capitalisation continues to grow. Currently, the estimated size of the crypto market is approximately USD417 billion, a very modest number and one that remains dwarfed by other traditional and alternative asset classes. To put things into context, global private equity alone raised more than USD453 billion in 2017.