Help is at hand: Options for investors in troubled Cayman joint ventures Liquidations Help is at hand: Options for investors in troubled Cayman joint ventures Link This article examines the liquidation options available to noteholders and shareholders in Cayman companies. It also examines a recent line of cases in which the Cayman court allowed the provisional liquidation regime to be used for restructuring purposes. Finally, it examines potential liabilities, including for directors.
The Duomatic principle and ostensible authority The Duomatic principle and ostensible authority Link The Privy Council recently handed down its key decision in Ciban Management Corporation v Citco (BVI) Ltd [2020] UKPC 21.
Harneys Asia recognised in the Legal 500 Asia Pacific 2021 rankings Investment Funds Harneys Asia recognised in the Legal 500 Asia Pacific 2021 rankings Link Harneys has retained its Tier 2 ranking in the Legal 500 Asia Pacific 2021 rankings.
Cyprus UBO regime announcement Banking & Finance Cyprus UBO regime announcement Link Cyprus UBO disclosure regime for entities and other legal arrangements commencing on 22 February 2021.
Harneys advises Equatorial Palm Oil plc (renamed Capital Metals plc) on its proposed acquisition under AIM Rule 14 of Capital Metals Limited Corporate Harneys advises Equatorial Palm Oil plc (renamed Capital Metals plc) on its proposed acquisition under AIM Rule 14 of Capital Metals Limited Link Harneys acted as BVI counsel to Equatorial Palm Oil plc (EPO), renamed as Capital Metals plc (AIM: CMET) on its £15.84 million acquisition of Capital Metals Limited (CML) by way of a reverse takeover under AIM Rule 14. The acquisition was financed through a combination of an oversubscribed placing, management subscriptions and the issue by EPO of up to 132,000,000 new ordinary shares as consideration to the CML shareholders for all the issued shares in CML. The acquisition was approved by the EPO shareholders on 11 January 2020.
Fee payment deadline for CIMA registered directors to avoid fines: 15 January Investment Funds Fee payment deadline for CIMA registered directors to avoid fines: 15 January Link All directors registered with the Cayman Islands Monetary Authority (CIMA) under the Director Registration and Licensing Law are required to file their annual declaration by 15 January 2021.