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The who what why of Cayman’s beneficial ownership regime

A new era started on July 1, 2017, when Cayman’s beneficial ownership legislation came into effect. Both the design and messaging around the regime...
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Primeo v HSBC: Uncharted territory

This case concerns the efforts of the liquidators of a Madoff feeder fund to recover losses suffered as a result of fraud from service...

Resolving failed banks

In market economies free entry and exit sorts out winners and losers and thus minimises political considerations and maximises economic ones in how resources are allocated. This process and the company bankruptcy laws that underlie it make an enormous contribution to ...

Shifting sources of law on recharacterizing debt as equity

Since debt enjoys priority of payment in insolvency proceedings, demoting a debt claim to the lower rank of an equity interest likely means a total loss for the distressed investor. 

 

Receivers and revocable trusts: Reserved powers cannot be exercised against the will of the...

Sidebar:EndnotesSection 14 of the Trusts Law (2007 Revision) of the Cayman Islands provides for the validity of a number of powers to be reserved...

Canada TIEA establishes a new era for Cayman captives

On 1 June, 2011 Canada and the Cayman Islands entered into a Tax Information Exchange Agreement, which, it is anticipated, will help forge far deeper links between the two countries as far as the financial services industry is concerned, and in particular, the captive insurance industry.        

 

George Town seen from above

Cayman already geared up to take on board new economic substance rules

The issue of economic substance is not a new one for the Cayman Islands, as the subject was much talked about some years ago...
Photograph of a pen and pocket watch sitting on a will with 'Last Will and Testament' written in nice script.

STEP Cayman: A three-year snapshot

In 2016, driven by the vision of branch chair Alan Milgate, the Cayman Islands branch of the Society of Trust and Estate Practitioners embarked...

Kicking the can down the road – Applications to adjourn winding up hearings

The Grand Court of the Cayman Islands has recently released two unreported judgments which consider the applicable principles on an application to adjourn a...

Iceland’s 2008 bank collapse: What really happened

The Icelandic banking sector was regulated in the same way as its counterparts in other European countries.

 

‘Fault Lines’ by Raghuram G. Rajan

Read our article in the Cayman Financial Review Magazine, eversion Much has already been written about the causes and cures of the financial crisis of...

Legal developments

Tania Dons of Conyers Dill & Pearman provides an overview of legislative changes, legal issues and case law of note in the Cayman Islands over the last quarter.

 

New Insolvency Rules in the Cayman Islands

Second installmentThis is the second article in a two-part series dedicated to discussing the recent reforms impacting the Cayman Islands’ insolvency regime as a...

Buried treasure: Unclaimed Cayman assets

State and federal governments around the world are estimated to hold somewhere in the region of $60 billion to $100 billion of unclaimed assets...
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The market for commercial real estate CLOs expands

They may not be as old as houses but commercial real estate CLOs have been around since the early 2000s and, whilst this category...

Bridge Finance Lending to Private Equity Funds in the Cayman Islands

Providing loan facilities to investment funds is certainly nothing new and it has been a lucrative business for a number of banks here in the Cayman Islands for many years. With single manager funds obtaining their finance at brokerage level, the primary market for Cayman banks are fund of fund vehicles (usually formed as Cayman Islands exempted companies) to which they provide both bridge and leverage finance.

Caribbean grapples with problem of bank de-risking

One potential mechanism to improve their AML systems is through the Inter-American Development Bank’s technical cooperation RG-T2224. It provides a grant to support member countries in their efforts to prevent money laundering and terrorist financing, in compliance with the new FATF standards.

 

From Georgetown to George Town – by Bill Walker

William Stuart Walker was one of the pivotal figures in the creation of Cayman as an offshore financial center and its subsequent development. Among...

Catastrophe bonds – bridging the liquidity gap

Catastrophe bonds are no longer ‘the next big thing’. They have arrived, made their presence known and are here to stay. And we can be extremely proud in the Cayman Islands that the jurisdiction has astutely positioned itself as the premier offshore domicile for these ever-evolving transactions.

Making Cayman a more attractive investment opportunity

The higher end of Cayman’s real estate industry has traditionally catered to an affluent North American market of investors and individuals looking to acquire...
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