Managers of Wealth Offshore

Cayman Regulatory Update - Q4 2021

On 10 September 2021, CIMA issued a Notice providing a further extension to the deadline for filing the private fund annual return (FAR) and RFE forms.

The Siskina listing after striking a Black Swan

Update prepared by Eleanor Morgan, Jennifer Jenkins and Shane Donovan (British Virgin Islands).

Snapshot: can you take security over the assets and shares of a BVI company?

A BVI company can grant security over its assets in any manner permitted or required in the local jurisdiction where such assets and/or tangible moveable property are located.

Cayman Court clarifies the winding up regime applicable to exempted limited partnerships

ELPs are a popular choice for investment fund and private equity structures in the Cayman Islands and the judgment provides important clarification on the rights and remedies of investors and creditors alike

Aspiring lawyers to hone their skills in Collas Crill Moot

The Moot involves pairs of students studying real-life legal case notes and applying them to a mock court situation.

Cayman court clarifies no jurisdiction to wind up Exempted Limited Partnership on Creditor's petition

The GP argued that the petition was defective because a creditor's remedy is against the GP and not against the ELP itself.

Walkers Advises on the Take Private and Delisting of Clear Media Limited

Clear Media is the largest operator of bus shelter advertising panels in China with leading market shares of more than 70% in top-tier cities.

The Cayman Islands Court of Appeal relieves the tension between arbitration clauses

The reason is that it is the exclusive jurisdiction of the court to decide whether or not to make a liquidation decision is fair and impartial, and it is an infringement of that jurisdiction by the arbitrator.

The Cayman Islands economic substance regime extended to partnerships

The timing for the first filing depends on the formation date of your partnership.

Appleby advised on Ledger's ILS Nanorock Fund

Appleby provided full service Bermuda law advice regarding the formation and launch of the Nanorock fund including under Bermuda’s insurance and investment fund regulatory regimes.

Walkers announces employment law conference

It will be led by Walkers Guernsey and Jersey employment law specialists, along with members of the firm's employment law team in Ireland and the Channel Islands regulatory team.

Bedell Cristin’s Private Client team maintains Legal 500 tier 1 ranking in Jersey

This accolade is great news, not only for the Private Client team in Jersey but also for the global team that’s grown significantly over the last 18 months with several senior appointments.

Collas Crill Explains...Cross Border Recognation of Insolvency Proceedings

The first step is to make an application to the appropriate foreign court for the issuing of a letter of request seeking the assistance of the Royal Court.

Black Swan flies and The Siskina lists: Privy Council upholds BVI freestanding freezing injunctions

The decision in Broad Idea contains a useful summary of the jurisdiction to grant freezing orders against non-cause of action respondents to foreign proceedings:

Viberts recognised in latest Legal 500 UK 2022 rankings

The Legal 500 is one of the most highly regarded directories, compiling rankings and commentary based on feedback from peers and clients, backed up by independent research.

Back on the right course: Privy Council rules on The Siskina

The Eastern Caribbean Court of Appeal had overturned Black Swan in 2020, in reliance on the The Siskina, finding that absent a substantive cause of action issued in the BVI, there was no jurisdiction to grant injunctive relief in aid of foreign proceeding

Legal