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Cayman Islands removed from FATF Grey list
News | 01 June 2020

Cayman Islands removed from FATF Grey list

Hong Kong (November 26, 2024) Loeb Smith Attorneys, one of the leading offshore corporate law firms with a strong growing presence in the APAC region, advises in the going private merger transaction of First High-School Education Group, an education service provider primarily focusing on high schools in Western…

Abolition of Bearer Shares in the Cayman Islands
News | 01 June 2020

Abolition of Bearer Shares in the Cayman Islands

The Companies (Amendment) Law, 2016 which came into force on 13th May 2016 has abolished the ability of Cayman Islands exempted companies to issue bearer shares and other forms of negotiable shares.

Register of Members of Cayman companies: The new requirements
News | 01 June 2020

Register of Members of Cayman companies: The new requirements

Hong Kong (November 26, 2024) Loeb Smith Attorneys, one of the leading offshore corporate law firms with a strong growing presence in the APAC region, advises in the going private merger transaction of First High-School Education Group, an education service provider primarily focusing on high schools in Western…

Cayman Exempted Mutual Funds now required to register with the Cayman Islands Monetary Authority
News | 17 February 2020

Cayman Exempted Mutual Funds now required to register with the Cayman Islands Monetary Authority

By way of an update on our recent publication (which can be found here) that the Financial Action Task Force (FATF) had determined that the Cayman Islands has substantively fulfilled its action plan, and following completion of a recent on-site visit by the FATF, the Cayman Islands has…

Cayman Islands introduce Private Funds Law to regulate closed-ended investment funds
News | 13 February 2020

Cayman Islands introduce Private Funds Law to regulate closed-ended investment funds

The Private Funds Law, 2020 (the “Law”) came into force on 7th February 2020 and introduces, among other things, a requirement for the registration of closed-ended funds (typically, investment funds which do not grant investors with a right or entitlement to withdraw or redeem their shares or interests…

Cayman Exempted Mutual Funds will soon need to register with CIMA
News | 06 February 2020

Cayman Exempted Mutual Funds will soon need to register with CIMA

By way of an update on our recent publication (which can be found here) that the Financial Action Task Force (FATF) had determined that the Cayman Islands has substantively fulfilled its action plan, and following completion of a recent on-site visit by the FATF, the Cayman Islands has…

General Counsel Conference 2019
News | 19 September 2019

General Counsel Conference 2019

The Cayman Islands Government has published a new Bill that will require all directors, whether Cayman Islands resident or non-resident, of “Covered Entities” to register with the Cayman Islands Monetary Authority (“CIMA”). Covered Entities are: (i) mutual funds regulated by CIMA and (ii) companies which maintain a registration…

Legal Alert – Offshore Investment Funds: GDPR vs. Cayman Islands Data Protection Law
News | 25 January 2019

Legal Alert – Offshore Investment Funds: GDPR vs. Cayman Islands Data Protection Law

The EU’s General Data Protection Regulation (“GDPR”) applies to offshore investment funds with European investors since 25 May 2018. The Cayman Islands Data Protection Law (“DPL”), which will regulate the future processing of all personal data, is intended to come into effect in January 20191. Inspired from the…