Cayman Islands Grand Court facilitates direct court-to-court communications
Restructuring

Cayman Islands Grand Court facilitates direct court-to-court communications

“Judicial international co-operation is a well-established tradition in Cayman Islands’ jurisprudence…” wrote Chief Justice Anthony Smellie in an article appearing in the Beijing Law Review nearly 10 years ago… “the over-arching principle is, of course, comity – that civilised notion that requires reciprocity of co-operation and assistance between the courts of different countries…”
Considerations for terminating registration of your Cayman Islands entity before 2021 fees and filings are due

Considerations for terminating registration of your Cayman Islands entity before 2021 fees and filings are due

Cayman Islands entities will be receiving their annual invoices for 2021 registration fees in the last quarter of 2020. If you are considering terminating your entity or terminating registration with the Cayman Islands Monetary Authority (CIMA) you will need to act promptly in order to avoid or reduce the 2021 registration fees and filings.
A recap of AIFMD principles in Cyprus
Regulatory & Tax

A recap of AIFMD principles in Cyprus

Cyprus transposed the AIFMD by enacting the Alternative Investment Fund Managers Law 2013. Allied to the AIFM Law is a host of circulars and directives issued by the Cyprus Securities and Exchange Commission as well as the Commission Delegated Regulation (EU) No 231/2013, which substantiates the AIFMD’s provisions and is directly and uniformly applicable in all EU member states.
Tax offences and AML in the British Virgin Islands
Regulatory & Tax

Tax offences and AML in the British Virgin Islands

Tax crimes are predicates for money laundering in the British Virgin Islands. Mirza Manraj and Marina Stavrou explain the regime in this article which first appeared in Money Laundering Bulletin.
BVI's new fund regime and its implications for JV vehicles
Investment Funds

BVI's new fund regime and its implications for JV vehicles

This year, the BVI introduced a new regulatory regime requiring certain closed ended fund vehicles, to be recognised by the BVI's Financial Services Commission as "private investment funds" or, as the funds industry loves an acronym, PIFs for short. The change, which brings these previously unregulated vehicles into the regulatory perimeter, is in line with other major offshore corporate jurisdictions, and introduces a light-touch, modern regulatory regime.