British Virgin Islands: International arbitration Q&A
International arbitration

British Virgin Islands: International arbitration Q&A

This Q&A provides an overview of some of the key points of international arbitration in the British Virgin Islands.
Harneys acts for Linklogis Inc. on its Hong Kong US$1.1 billion IPO
Corporate

Harneys acts for Linklogis Inc. on its Hong Kong US$1.1 billion IPO

Harneys successfully acted as counsel for Linklogis Inc’s’ listing on the Hong Kong Stock Exchange (HKEX), raising over net proceeds of US$1.1 billion in its IPO (subject to the over-allotment option being exercised) - the second highest for a primary listing only IPO in Hong Kong to date this year. Linklogis, a Chinese FinTech based in Shenzhen, is the first supply chain financing service provider adopting a SaaS model to be listed in Hong Kong.
Virtual assets and insolvency – A practical overview from the Cayman Islands
Litigation & Insolvency

Virtual assets and insolvency – A practical overview from the Cayman Islands

It is almost impossible to avoid the noise surrounding virtual assets in recent years. Therefore, it is inevitable that Cayman Islands insolvency practitioners (IPs) will have to grapple with the concept as they become a more prevalent asset class. The purpose of this article is to provide a high level overview of some key considerations for IPs to bear in mind as they seek to realise value in an estate with a virtual element.
New filings for Cayman Islands private funds
Investment Funds

New filings for Cayman Islands private funds

A private fund that has not yet received capital contributions from investors is not required to file audited accounts or returns with CIMA. A recent amendment to the regulations now requires the operator of such a private fund to make a simple declaration to this effect.
Financial Action Task Force (FATF) public consultation on updated guidance for virtual assets and virtual asset service providers
Investment Funds

Financial Action Task Force (FATF) public consultation on updated guidance for virtual assets and virtual asset service providers

In late March 2021 the FATF launched a public consultation on updating its “Guidance for a Risk-Based Approach – Virtual Assets and Virtual Asset Service Providers” (the Guidance) originally published in June 2019.
Acting the part

Acting the part

The Private Funding of Legal Services Act is expected to come into force in the Cayman Islands in the very near future, having been approved by parliament in December 2020. The act will mark a significant development in the legal services industry, bringing certainty and clarity to the availability of alternative means of funding disputes in the jurisdiction.