Data protection for investment funds domiciled in the British Virgin Islands Investment Funds Data protection for investment funds domiciled in the British Virgin Islands Link The Virgin Islands Data Protection Act, 2021 (the Act) is now in force. The Act imposes a number of obligations upon investment funds in relation to the processing of personal data that they will inevitably collect as part of the investor onboarding procedure.
Common Sense in Common Law Recognition Restructuring Common Sense in Common Law Recognition Link This article, originally published in INSOL World Quarter 3 2021, picks up on some of the themes discussed in one of the INSOL Virtual 2021 offshore panel discussions, titled “Common sense in common law recognition – how Offshore Courts and the Hong Kong Courts can be good neighbours”.
Harneys wins Offshore Law Firm of the Year at the ALB Hong Kong Law Awards Harneys wins Offshore Law Firm of the Year at the ALB Hong Kong Law Awards Link Harneys has been named Offshore Law Firm of the Year by Asian Legal Business, at its 20th annual Hong Kong Law Awards ceremony which was held virtually on 10 September 2021.
Harneys promotes Cayman Islands based Carolynn Vivian to group general counsel Corporate Harneys promotes Cayman Islands based Carolynn Vivian to group general counsel Link Harneys is pleased to announce the appointment of Carolynn Vivian to group general counsel. She is based in the Cayman Islands and advises on all aspects of Cayman regulatory, corporate and commercial law.
Guide to STAR Trusts Private Wealth Guide to STAR Trusts Link With the development of legislation in a number of offshore jurisdictions to allow for non-charitable purpose trusts, the Cayman Islands introduced the Special Trusts (Alternative Regime) Law 1997 (the STAR law) – now contained in the Trusts Act – to allow for the establishment of STAR Trusts.
New filing and deadline for Cayman Islands private funds Regulatory & Tax New filing and deadline for Cayman Islands private funds Link A reminder that all private funds registered with the Cayman Islands Monetary Authority (CIMA) must submit a fund annual return (FAR) form. CIMA has just released another form to capture certain information about each private fund’s related fund entities, called the RFE form, which must be completed by private funds.