08/08/2022
Bermuda Expands Applicability Of Its Investment Business Regime
Pursuant to both the Current IBA and the Amended IBA, “investment business” means engaging in one or more investment activities specified in the statute by way of business.
Regulation, Risk & Compliance
08/08/2022
Report says law firms present “medium-high” risk for money laundering
Resolutions of money laundering and terrorist financing concerns might also be more straightforward too if the situation was not further complicated by existing cases in the courts of the Cayman Islands
08/08/2022
An Offshore Perspective on the Impact of New US-PRC Laws on China VC
The current and prospective impact of the new US-PRC laws and regulations on Cayman structured China VC companies mean that issuers must now consider different strategies
08/08/2022
Fintech Laws & Regulations Report 2022 – The Bahamas
The chapter, which is now available, outlines the fintech landscape, funding for fintech, regulatory regime, accessing of talent and technology in the jurisdiction.
08/05/2022
Clarity for Creditors When Settling with Multiple Debtors
In a significant judgment delivered earlier this year1 , the Court of Appeal held that those provisions of the Act do not apply to claims for the recovery of debts.
08/05/2022
ICLG Alternative Investment Funds 2022: Cayman Islands
Their contribution formed part of the International Comparative Legal Guide to: Alternative Investment Funds 2022, which provides a practical cross-border insight into alternative investment funds work in 18 jurisdictions.
08/05/2022
Barbados to promote environmental sustainability
The IDB guarantee will help reduce borrowing costs for the country as it seeks to raise funds for conservation activities, which includes the creation of a conservation trust fund, known as the Barbados Environmental Sustainability Fund.
08/04/2022
DCI report: real estate sector "attractive to money launderers"
Anti-money laundering deficiencies noted in 42 per cent of entities inspected
08/04/2022
Brace for higher inflation as growth trimmed to 5%
Right now, the official government measure estimates that probably The Bahamas’ inflation rate is below 5 percent but that is still significantly higher than a year or two years ago”.
08/03/2022
Fidelity Bank reorganises, rebrands to PROVEN Bank
Based on changes to its operating model, the bank said some Caymanian staff members were awarded promotions, while others were made redundant.
08/03/2022
Bahamas: Aviation Finance & Leasing
The Guide is produced in association with The World’s Leading Lawyers.
08/03/2022
Commencement date confirmed for Cayman Restructuring Officer Regime
The Amendment Act introduces a new corporate restructuring process and the concept of a dedicated restructuring officer into the Cayman Islands Companies Act (2022 Revision).
08/02/2022
Introduction of the New Cayman Islands Restructuring Officer Regime
Upon filing the application seeking the appointment of restructuring officers, companies will be able to obtain an immediate and standalone restructuring moratorium on unsecured creditor action which will have extraterritorial effect (as a matter of Cayma
08/02/2022
Guidance Notes on complying with beneficial ownership Obligation in the Cayman Islands
An overview of the Cayman Islands Beneficial Ownership Guidance Notes.
08/01/2022
Banks told to build ‘stronger connection’ with non-profits
That assertion came from Human Rights Bahamas, which said it was speaking on behalf of non-profits and non-governmental organisations (NGOs) that did not want to be identified.
08/01/2022
Proposed Guernsey rules impact fintech, crowdfunding, peer to peer and virtual asset service providers
Retailers offering credit in their own right will require a licence, but in most circumstances, high street retailers offering credit from a third party lender will not be required to have a licence.
08/01/2022
Inflation impact on the Maldives would be less: World Bank
The Country Director, who frequently travels to the Maldives, praised the economic measures being taken by the government.
08/01/2022
Acrisure partners with LEUE & NILL
Through this partnership, LEUE & NILL will gain access to Acrisure Re’s extensive broking expertise, access to global markets, as well as actuarial and analytical capabilities.
07/29/2022
Sustainable Finance Regulation in A Nutshell - SFDR, Taxonomy and RTS level II
The final piece of regulation, RTS Level II, is expected to be approved on July 05 2022 and will come into effect on 1 January 2023.
07/29/2022
Register of Overseas Entities comes into force in the UK
The Register will require overseas entities that have a beneficial interest in UK land to declare their beneficial owners or managing officers publicly via Companies House.