法律快讯

In our December 2014 legal update on FATCA (attached), we outlined that all Cayman Islands Financial Institutions (including investment funds, investment managers, and other Cayman domiciled financial institutions) (“Cayman FIs”) that maintain Financial Accounts are required to take action, including, among other things, (i) establishing and maintaining arrangements…

The broad scope of the Foreign Account Tax Compliance Act (“US FATCA ”) introduced by the United States (“US”) and the implementation of that broad scope of application into Cayman Islands law means that it is very important for Cayman Islands domiciled entities to each undertake an assessment…

IN THIS ISSUE New Law passed to modify contract law in the Cayman Islands Cayman Islands to introduce new regime for registration and licensing of Directors New Law passed to modify contract law in the Cayman Islands The Contracts (Rights of Third Parties) Law, 2014 (the “Law”) has…

A liquidator of a British Virgin Islands (“BVI”) company which is in insolvent liquidation can make various applications against current directors or former directors of the company. This includes any shadow or de facto directors. The relevant legislation is the Insolvency Act 2003 (as amended). This Briefing sets…

Download our Briefing Note on Lifting the Corporate Veil of a Cayman Company.

Download our Cayman Law Update Document. In this issue: New Corporate Governance Standards for Regulated Mutual Funds