News

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…

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…

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…

The Cayman Islands was removed from the FATF Grey list in October last year (see related publication here (Cayman Islands removed from FATF Grey list – Loeb Smith)), which was then followed by the UK on 5 December 2023 which removed the Cayman Islands from the UK list…

As of 26 March, the Cayman Islands Government has deferred the obligation to pay annual fees for all companies (including limited liability companies (LLCs) and foundation companies) and exempted liability partnerships (ELPs) until 30 June 2020. The annual return filing deadline for these entities has also been extended…

We are delighted to announce that our law firm has been shortlisted in the Hedgeweek European Awards in no less than four categories.

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…

Directors who are registered with the Cayman Islands Monetary Authority (“CIMA”) in accordance with The Directors Registration and Licensing Law, 2014 (“DRLL”) in connection with being a Director of an entity that is registered with CIMA (e.g. registered Mutual Fund or an investment management or investment advisory entity…