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New filings for Cayman Islands private funds

This declaration must be filed with CIMA within 6 months of the financial year end of the private fund.

UBO Information in Cayman is safe from prying eyes

The BO regime is aimed at improving the exchange of information between Cayman and international regulatory

Rights of renewal for commercial tenants in Jersey

A tacit renewal is implied from the actions of the parties to the lease.

Lawyers, accountants face tougher rules, higher costs to act as company directors

The reform will mean that any warranted accountant or accountancy firm carrying out corporate services “by way of business”, will be subjected to a market entry or licensing requirement.

Using provisional liquidation offshore to preserve bondholder claims under keepwell deeds

Through a keepwell deed, the PRC parent company undertakes to keep the offshore bonds issuer solvent and financially stable so that it can meet its payment obligations in respect of the bonds.

Grey areas among the green: the impact of the EU's sustainability disclosure measures on Channel Islands firms

The EU's Regulation on sustainability related disclosures in the financial services sector (SFDR) is part of the EU's package of measures concerning environmental sustainability disclosures and procedures.

Cross-border employment between Hong Kong and Mainland China

Working outside your home jurisdiction can be as simple as doing business trips, as long as the nature and length of such trips are compatible with the location’s visa and tax requirements for the overseas location.

Towards a net zero carbon strategy for investors

The European Commission adopted a green hydrogen strategy in July 2020, which was designed to make green hydrogen competitive with fossil fuels through the creation of a favorable regulatory framework.

Mauritius a player in transparency – identifying Ultimate Beneficial Owners

This mandate for transparency in many jurisdictions has changed the game in the financial industry around the world and Mauritius as a responsible player has been no exception.

The Grand Court of the Cayman Islands confirms the midpoint approach for the fair rate of interest under section 238(11) of the Companies Act

The fair value of the shares in the company was determined at trial in 20192 as US$31.20 per ADS.

Proposed reforms to judicial review in England and Wales

The government's wide terms of reference invited the review to consider restricting the grounds for bringing judicial review claims; restricting the remedies available for successful claims; and using the costs regime to discourage weak claims.

Malta launches new citizenship by investment programme

It is a member of the EU and offers its citizens visa free travel to over 180 countries.

Cayman Islands Update: Witnessing Deeds or Instruments Remotely in a Covid-19 World

Practically it would seem prudent, given the possible temporary nature of the amendment introduced by the 2020 Act

FinCEN Launches Regulatory Process for New Beneficial Ownership Reporting Requirement

The CTA requires FinCEN to maintain the reported beneficial ownership information in a confidential, secure, and non-public database.

New watchdog to boost online competition launches

A tough new regulator to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online has launched.

New resource to help Commonwealth countries avoid foreign investment pitfalls

Co-author Howard Mann, an international lawyer specialising in international investment law and sustainable development, spoke on the importance of prioritising domestic laws in relationships between states and investors.

Directors of BVI companies: to whom do you owe duties if your company is experiencing financial stress?

Other companies will be forced to abandon, or at least delay, planned growth projects.

Cayman Court provides clarity on costs

Pursuant to the terms of the loan, ZZHK also had a contractual entitlement to recover its costs of the rectification application from Geoswift.

The SFDR – get it right from the start

The SFDR has now become a reality, with EU funds and non-EU AIFs marketed within the EU being obliged, as an initial step, to have updated their prospectuses by 10 March 2021, requiring investment managers to classify their fund product into one of three

Key trends from the boardroom in 2021

This has been further exacerbated by the impact of the COVID-19 pandemic on the financial system, leading to a push by investors for ESG-focused initiatives and an increased emphasis on a company’s responsibilities towards wider society.

Government Regulation