Unravelling
Complexity

Insights

Unravelling Complexity

119 Results

The liquidity conundrum
Investment Funds

The liquidity conundrum

In response to market pressures which range from quant and index funds to political and economic factors, in order to seek alpha and deliver returns to investors hedge fund managers are increasingly looking to less liquid strategies such as private credit, private equity and infrastructure.
Enhanced AML supervisory powers given to CIMA under money laundering legislation
Investment Funds

Enhanced AML supervisory powers given to CIMA under money laundering legislation

Under recent changes to the Cayman Islands Anti-Money Laundering Regulations (AML Regulations), the powers of the Cayman Islands Monetary Authority (CIMA), as the supervisory authority for anti-money laundering in the Cayman Islands, have been enhanced to allow CIMA to obtain information in relation to any relevant financial business from a broader category of persons than was previously the case.
Amendments to the Cayman Islands Trusts Law
Private Wealth

Amendments to the Cayman Islands Trusts Law

Amendments to the Trusts Law (2018 Revision) (Trusts Law) affirm the reputation of the Cayman Islands as a leading trusts jurisdiction.
Cayman Court provides valuable guidance on dealing with frozen assets under Libyan sanctions
Regulatory and Tax

Cayman Court provides valuable guidance on dealing with frozen assets under Libyan sanctions

In Palladyne International Asset Management B.V. v Upper Brook (A) Ltd and Others, the Grand Court of the Cayman Islands issued important judicial guidance regarding the extent to which the dealing restriction under the Libyan sanctions regime was applicable in the Cayman Islands. In particular, the court was asked to examine the scope and meaning of the restriction on the ‘use’ of funds frozen under the Libya (Restrictive Measures) (Overseas Territories) Order 2011.
Cayman Islands Stock Exchange – The future for US CLO Listings
Banking and Finance

Cayman Islands Stock Exchange – The future for US CLO Listings

Partner Nicole Pineda and Senior Associate Thomas Gray discuss how the onerous regulatory burden placed on US CLO issuers and sponsors in the EU, both from an administrative and legal perspective, combined with the relative ease, efficiency and legal certainty of the Cayman Islands as a jurisdiction, has caused a significant increase in Cayman Islands Stock Exchange (CSX) CLO listings.
Cayman Islands: FATCA and CRS reporting deadline extended to 31 July 2019 and confirmation of CRS Reportable Jurisdiction list
Regulatory and Tax

Cayman Islands: FATCA and CRS reporting deadline extended to 31 July 2019 and confirmation of CRS Reportable Jurisdiction list

Cayman Islands reporting Financial Institutions have been given until 31 July 2019 to complete their FATCA and CRS reporting for the 2018 calendar year without the fear of further action by government authorities, the Cayman Islands government announced last week.