Legal Briefings

The British Virgin Islands (BVI) has been removed from the European Union (EU) list of non-cooperative jurisdictions for tax purposes.

In recent years, especially during the COVID-19 pandemic, onboarding clients and monitoring business relationships on remote basis have become the dominant trend.

We attach a copy of our latest Technical Bulletin on Cayman Islands Funds which provides analysis and commentary on some of the topical issues over the last six (6) months, including:

In December 2019, the British Virgin Islands (“BVI”) introduced a new regulatory regime for closed-ended funds in the BVI by requiring closed-ended funds (e.g., private equity funds, venture capital funds and real estate funds) which qualify as “private investment funds” (“PIFs”), to apply to the Financial Services Commission…

The Cayman Islands exempted company (including the segregated portfolio company) is the corporate vehicle of choice for series financing, mergers utilizing the Cayman merger regime, banking and finance transactions, investment funds, and other corporate transactions. The popularity of the exempted company is principally as a result of the…

A Captive insurance company is a wholly-owned subsidiary insurer that provides risk mitigation services for its parent company or related entities. In its simplest form, the “Captive” wholly-owned subsidiary is incorporated to insure against one or more risks to which its parent company is exposed. It is essentially…

In this Briefing Note, we provide a brief overview of the principles governing derivative actions in the Cayman Islands, both in a company and in a limited partnership setting.

Under the Companies Act (As Revised) of the Cayman Islands (the “Companies Act”), the Registrar of Companies (the “Registrar”) will de-register a Cayman Islands exempted company incorporated with limited liability and with a share capital (the “Applicant”) which proposes to be registered by way of continuation as a…