Max Lee

The Mutual Funds Act (for open-ended funds) and the Private Funds Act (for closed-ended funds) are the two main statutes relevant to the regulation of investment funds in the Cayman Islands.  The Cayman Islands Monetary Authority (“CIMA”) is the regulatory body responsible for compliance with these laws and…

The registration of beneficial ownership information in respect of British Virgin Islands (the “BVI”) companies and the potential for that information to be disclosed subsequently has long been the subject of speculation and understandable concern by owners of companies and other relevant entities in the BVI.

The rapid development of the digital assets space and Web 3.0 ecosystem over the last 10 years has meant that courts around the world have been faced with an ever-increasing number of disputes in this space. This includes the courts in the British Virgin Islands (“BVI”). The cases…

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 has taken a material step forward in balancing responsible digital asset innovation with the introduction of the Virtual Asset (Service Providers) (Amendment) Bill, 2025 (the “Amendment Bill”) which, if passed into law, will make key amendments to the Virtual Asset (Service Providers) Act (2024 Revision)…