09/01/2023
Transparency law could open up Cayman company ownership information
The development coincides with a visit from the global Financial Action Task Force inspection team
Regulation, Risk & Compliance
09/01/2023
Shifting ground
Malta needs to build the skills to ‘undertake a quantum leap to move the economy to the next level’
09/01/2023
Address shortage of employees before limiting foreign workers, government told
'Draconian or hasty decisions could break the catering sector'
09/01/2023
Update on CIMA Regulatory Measures
The SOG and Rule covers both regulated Mutual Funds and Private Funds.
08/31/2023
Carey Olsen advises Mountain Protocol on obtaining Bermuda digital asset business licence
This is the first time a licence has been issued to a business operating with an ERC20 rebasing token, a technical standard and form of digital asset issued on the Ethereum blockchain.
08/31/2023
Members’ schemes of arrangements in the Cayman Islands no longer must satisfy the ‘headcount test’
The amendment to section 86 of the Companies Act was gazetted on 21 October 2021 and came into effect on 31 August 2022
08/31/2023
Regulator's warning on digital assets exchange
The Digital Assets and Registered Exchanges Act 2020 prohibits any person from carrying on or being 'involved in a digital asset business in or from within The Bahamas
08/31/2023
Effective compliance functions – The difficulty in filling compliance roles
The repercussions of non-compliance, including reputational damage and substantial monetary fines, make it crucial to resource these roles adequately.
08/30/2023
Directors’ Duties: The Next Chapter
This may mean taking advice in relation to ceasing to trade
08/30/2023
Key Benefits of Cayman Islands Structures
Whilst offshore vehicles are used for a wide variety of different purposes globally, there are a number of common factors which feed into the success of the Cayman product.
08/30/2023
CIMA: Cayman insurance industry strengthening
The new additions means that there are now 675 Class B, C and D insurance companies licensed in Cayman, with approximately $22 billion in premiums written and $71 billion in total assets.
08/29/2023
IDB warns Bahamas on rollover ‘difficulties’
Even though the country is not facing an immediate need to roll over external bonds, within ten years most of its bonds will mature and in 2029 alone the amount will reach $550m.
08/29/2023
Implementing an ESG strategy beyond carbon cuts
ESG reporting is bound to become a powerful tool in driving real sustainability and business success, says Gabriella Borda, an advisor of sustainability in an interview with Shirley Zammit, ESG Lead at Corporate ID Group.
08/29/2023
Re-thinking the role of the non-executive director
The Companies Act of 1995 does not mention or specifically recognize non-executive directors
08/29/2023
Credora granted Class M digital asset business licence by BMA
It added that all Instant Lend collateralised lending activity would transact through the newly licensed Bermudian subsidiary, Intermediary Services Ltd.
08/29/2023
Bermuda receives approval for Middle East representation
Minister for Americas and the Caribbean, David Rutley MP, has confirmed that Bermuda’s Middle East adviser is authorised by the UK Government to promote contacts between the Government of Bermuda and regional governments in the Middle East.
08/29/2023
Trustee Decision-Making and the Role of the Court: 'Blessing' Applications
This Guide provides an overview of 'blessing' applications and how and when a trustee may obtain the court's assistance.
08/28/2023
Key Measures in Mauritius’ Finance Act
The Mauritius National Budget 2023/2024 was presented by the Minister of Finance, Economic Planning and Development on June 2, 2023.
08/28/2023
What documents and records must a BVI company keep?
This guide examines the documents and records that must be kept by a BVI company limited by shares that does not carry on a regulated activity.
08/28/2023
H1 2023 populated by ESG Sukuk featuring offshore centers
In this Country Correspondent Report for Islamic Finance News ("IFN"), Manuela Belmontes and Barbara Kramarz discuss the increase of ESG- linked Sukuks that feature offshore centres.