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The Cayman Islands virtual asset service providers regime

The VASP Act also contains vicarious liability provisions relating to offences committed by corporate entities

Court of Appeal confirms limitations on investors’ statutory right to “true and full information” in Abraaj Group Fraud

Since the global financial crisis, there has been rapid growth in exempted limited partnerships (ELPs) in the Cayman Islands

AIFMD II: Timeline to implementation - One year on

Our Irish Asset Management & Investment Funds team have updated our comprehensive timeline outlining the key milestones, leading to implementation of AIFMD II across the EU.

British Virgin Islands Update: New Additional Information (CRS Form) Released

The Additional Information Form is issued by the ITA pursuant to its power to request information

UK bankers’ remuneration reform: proposed relaxation of deferral and retention rules in focus

These proposals are part of a broader trend of deregulatory reforms, including the removal of the bankers’ bonus cap.

Grants of probate, letters of administration and resealing foreign grants in the Cayman Islands

The grant of representation appoints a personal representative in Cayman who may thereafter administer the estate of the deceased

Update on the right to statutory sick leave in Ireland

The adjudicator acknowledged that the company adhered to its attendance and disciplinary policy.

AED Expands AML/CFT Reporting Obligations for Unregulated AIFs

The questionnaire is designed to help the CSSF identify money laundering/terrorist financing (“ML/TF”) risks and forms part of the CSSF’s supervisory activities.

Creation of security by a BVI company

This guide examines the key BVI aspects of the creation by a BVI company of security over its foreign assets under foreign law.

M&A transactions under PIPA (Bermuda)

Standard form M&A engagement agreements, including NDAs, may need to be reviewed and updated to reflect Pipa’s grounds to allow such transactional use and possibly export from Bermuda.

Image rights in Ireland

Unlike the US, there is no standalone ‘personality right’ or ‘right of publicity’ in Ireland.

UK regulatory ‘gap’ brings PFAS claims risk for businesses

Some of these chemicals are known to degrade very slowly

Government and FCA AIFM proposals will help better shape UK regime

The Treasury’s initiative is part of the government’s broader strategy to make the UK a more attractive hub for asset managers.

Court Ruling helps clarify Creditor Rights in the Cayman Islands

The Receivers contended that Chan Ka Man’s authority was established when he executed the undated instrument as a duly authorised officer.

Divorce if you're a British diplomat

Despite being an important concept, there is no single and clear definition of habitual residence to be found in law but it broadly corresponds to where a person has their permanent or habitual centre of interests.

FCA enforcement action highlights focus on non-financial misconduct

Odey has challenged the FCA’s findings and referred the decision notice to the Upper Tribunal.

Irish SPVs and listed SMEs to be excluded from sustainability reporting regime under proposals to streamline CSRD

The Amending Directive remains subject to scrutiny and amendment by the Parliament and the Council

Ofcom to issue guidance to help online platforms better protect women and girls online

Online services in scope of the Online Safety Act were required to have completed their Illegal Content Risk Assessment and Children’s Access Assessment by March 2025

Grand Court clarifies requirements for leave to proceed with a counterclaim against a company in official liquidation

Under section 97 of the Companies Act (2023 Revision), no civil proceedings may be commenced or proceeded with against a company in official liquidation except with the leave of the Grand Court.

Risk assessment reviews and planning required as ‘Martyn’s Law’ becomes UK law

The requirements under the Act are set to come into effect around April 2027, after a 24 month implementation period.

Government Regulation