-
2 months ago | 
mondaq.com | Erik Bodden |Norman Hau |Alecia Johns |Jordan McErlean
On August 31, 2022, Part V of the Cayman IslandsCompanies Act (the "Companies Act") was amended tointroduce the new role of a court-appointed "RestructuringOfficer" and a dedicated "Restructuring Petition"(the "RO Regime"). The RO Regime was largely intended toreplace the pre-existing restructuring framework by way of'light touch' provisional liquidation (the "PLRegime"). The pre-existing PL Regime for restructuring wasreplaced with a broad and flexible discretionary test.
-
Oct 8, 2024 | 
cdr-news.com | Erik Bodden
Erik Bodden and Jordan McErlean of Conyers consider some lessons from the past two years when it comes to... Erik Bodden and Jordan McErlean of Conyers consider some lessons from the past two years when it comes to restructuring. On August 31, 2022, significant amendments to Part V of the Cayman Islands Companies Act took effect to revamp the Cayman Islands restructuring regime.
-
Oct 2, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan |Erik Bodden |Alex Davies |Alan Dickson | +14 more
Welcome to the third Regulatory & Risk Advisory Review instalment of 2024. In this edition we cover the latest Cayman Islands regulatory updates including the Beneficial Ownership Transparency Act and The Perpetuities (Amendment) Act, as well as updates from CIMA, the DITC, and the FATF. As always, we have included articles and news from the wider Conyers team that may be of interest.
-
Jul 10, 2024 | 
mondaq.com | Sarah E. M. Howie |Wayne Flanagan |Erik Bodden
Welcome to the second instalment of 2024 of the Regulatory &
Risk Advisory Review. In this edition we cover several Cayman
Islands regulatory updates including updates to the Beneficial
Ownership Transparency Act, the Proceeds of Crime (Amendment) Act
and the Virtual Asset Service Providers Act. We also have updates
from CIMA and the FATF, as well as the latest articles and news
from the wider Conyers team.
-
Jul 9, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan |Erik Bodden |Alex Davies |Alan Dickson | +15 more
Welcome to the second instalment of 2024 of the Regulatory & Risk Advisory Review. In this edition we cover several Cayman Islands regulatory updates including updates to the Beneficial Ownership Transparency Act, the Proceeds of Crime (Amendment) Act and the Virtual Asset Service Providers Act. We also have updates from CIMA and the FATF, as well as the latest articles and news from the wider Conyers team.
-
Jun 7, 2024 | 
jdsupra.com | Erik Bodden |Róisín Liddy-Murphy |Tonicia Williams
IntroductionIn the Matter of Gulf Investment Corporation et al v The Port Fund LP et al (“Gulf Investment”)1 and the earlier judgment of Dorsey Ventures Limited v XIO GP Limited (“Dorsey Ventures”)2, the Cayman Islands Grand Court provided some welcome clarification regarding the extent of a limited partner’s statutory right to information in an exempted limited partnership.
-
Jan 23, 2024 | 
mondaq.com | Róisín Liddy-Murphy |Erik Bodden |Alex Davies |Alan Dickson
2023 was an active year for the Cayman Islands regulatory
industry. While we have endeavoured to keep you updated throughout
the year with our Regulatory & Risk Advisory Reviews, our team
has highlighted below the key changes and news that may affect
Cayman entities in the coming year, including the removal of the
Cayman Islands from the FATF Grey List. As always, if you have any
questions, please reach out to a member of the Regulatory &
Risk Advisory team or your usual Conyers contact.
1.
-
Jan 18, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Erik Bodden |Alex Davies |Alan Dickson |Theo Lefkos | +11 more
1. UPCOMING FEE INCREASES EFFECTIVE 1 JANUARY 2024 The Ministry of Financial Services & Commerce has announced increases to company annual fees and various filing fees effective from 1 January 2024. The increased fees were gazetted on 30 November 2023 through various regulations applicable to exempted limited partnerships, limited liability partnerships, exempted companies, non-resident companies, foreign companies, limited liability companies and segregated portfolio company cells. 2.
-
Aug 22, 2023 | 
jdsupra.com | Erik Bodden |Jonathon Milne |Spencer Vickers
In a series of recent judgements, the Cayman Islands Grand Court has celebrated the 25th anniversary of the introduction of the segregated portfolio company (“SPC”) regime in the Companies Act by confirming the strict separation of assets and liabilities between segregated portfolio (“SP”) as the defining feature of SPCs in the circumstances where an SP and/or the SPC itself were in distress.
-
Aug 11, 2023 | 
jdsupra.com | Erik Bodden |Frank B. Farrell |Maddison Billinghurst
A warm welcome to our latest edition of Conyers Coverage. It’s been a dizzying year to date for the Cayman Islands (re)insurance industry, so it’s time for some updates and insights. The momentum is real and the pipeline is strong, with a significant increase in interest following the Cayman Reinsurance Roundtable in New York in January and the Refocus conference in February.
