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1 month ago | 
lexology.com | Gary Smith |Robert Farrell |Faye Huang
介绍 去中心化自治组织（DAO）的出现彻底改变了数字治理和区块链技术的格局。在此背景下，使用开曼群岛基金会在促进 DAO 的营运效率和监管合规性方面具有战略优势。开曼基金会作为一个灵活的法律实体，提供了一个强有力的框架，将去中心化治理的目标与基本的法律认可相协调。 将开曼基金会与 DAO 结合使用的主要好处之一是能够建立一个可以代表 DAO 持有资产的独特法人实体。这种资产隔离加强了对利害关系人利益的保护，同时促进了透明度和问责制。此外，开曼基金会受益于稳定的监管环境，其特点是税收中性和简单的合规要求，使 DAO 能够更加自信和敏捷地运作。 此外，建立开曼基金会可以帮助解决围绕 DAO 的法律模糊性，特别是在责任和治理结构方面。透过整合基金会模式，DAO可以有效落实公司治理机制，进而吸引机构投资并促进更广泛的参与。因此，开曼基金会和 DAO 之间的协同关系体现了去中心化治理框架所面临的法律挑战的创新解决方案。 开曼基金会与 DAO 相关的主要优势 开曼基金会可以透过几种关键方式加强去中心化自治组织（DAO）的治理和决策过程： 一．法律人格和结构...
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1 month ago | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini
2024 年《永续（修正）法》（「该法」）（尚未生效）废除了该法生效后设立的普通信托的 150 年强制性永续期（持有位于开曼群岛的土地或土地权益的信托除外）。通过取消开曼群岛普通信托的永续规则，此类信托将能够无限期地持续。 该法案生效前的情况如何？ 在该法案出台之前，开曼群岛信托（除不受永续规则约束的STAR 信托外）均须遵守反永续规则，这意味着这些信托不能永久存续，而是受限于150年的永续期，期满后信托财产需要依照信托条款进行分配。 这对现有信托有何影响？ 该法第 20(2) 条规定了某些类别的利害关系方（例如现有信托的受托人、委托人和执行人）可向大法院申请命令宣布针对该法生效前设立的开曼群岛信托的反永续规则不适用于该信托的处置以及作为信托处置目标的财产。这样现有的信托将能够无限期地持续下去。 这项变化的关键要点 取消强制150 年永久期限使开曼群岛与许多其他离岸司法管辖区保持一致，并反映出该司法管辖区致力于加强其法律，以维持其作为全球客户首要离岸司法管辖区的地位，其中包括：资产保护和家庭继承规划目的。 进一步协助...
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1 month ago | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Edmond Fung |Faye Huang | +2 more
介绍 在英属维尔京群岛（「BVI」）注册成立的公司的所有股东均享有一定的权利和保护。然而，公司内部投票权的不平衡可能导致控制多数人以损害少数股东权利的方式处理公司事务。本文将探讨英属维尔京群岛法院对涉嫌对股东造成不公平损害的行为的处理方法。 2004 年英属维尔京群岛商业公司法（经修订）（「BCA」） 2004 年《BVI 商业公司法》（经修订）（「BCA」）第 184I 条对 BVI 公司少数股东的保护作出了规定。如果英属维尔京群岛公司的少数股东认为公司事务已经、正在或可能以对他们造成压迫、不公平歧视或不公平损害的方式进行，他们可以向英属维尔京群岛法院请求赔偿。根据第 184I 条，法院有权保护少数股东的权利并对公司及其控制人提供救济。如果法院认为这样做是公正和公平的，它可以发布其认为合适的命令，包括： 1）要求公司或其他人收购股东的股份； 2）要求公司或其他人向股东支付赔偿金； 3）修改公司章程大纲或章程细则； 4）任命公司清算人；和 5) 撤销公司或其董事违反 BCA 或公司备忘录或章程所做的任何决定或采取的行动。 法院不得根据第 184I...
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Jan 14, 2025 | 
agb.org | Robert Farrell |Melanie Darrow
“Stay out of the weeds” is a common caution to trustees. It is a warning that the work of the board resides at a higher level than the weeds of management. Too many boards find themselves in those weeds, which is understandable given the nature and volume of challenges that institutions face. How does a board in the throes of those challenges get a better perspective? Login or become a member to access this AGB member-exclusive resource.
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Nov 8, 2024 | 
fsmdirect.com | Robert Farrell |Katerina Georgievska
Comparatively speaking, the century following the industrial revolution saw the manufacturing process remain relatively unchanged with long stretches between incremental advancements. Without the tools to obtain, interpret and apply meaningful feedback, the process was largely guided by observations, trial and error, and experience. Consequently, innovation was severely limited.
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Oct 1, 2024 | 
ndt.org | Robert Farrell
FAIRFIELD, OH; OCTOBER 1, 2024: Professional NDE Services Group, LLC (PNDE), a recognized leader in Non-Destructive Evaluation (NDE) / Non-Destructive Testing (NDT) services, announces the promotion of Sean Heitman to Field Service and Sales Manager. In this position, Sean is responsible for scheduling, directing field service operations, and growing the companyís list of customers. He takes over for PNDE co-founder, Glen Wood who recently announced his retirement.
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Sep 11, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Faye Huang |Vivian Huang | +1 more
A Private Trust Company (PTC) is an entity that is established with the sole purpose of acting as a corporate trustee to a trust or a number of trusts, provided those trusts are "connected". The term "Connected trust business" means trust business where the settlors of funds to the trusts are all "connected persons" in relation to each other.
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Aug 27, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Cesare Bandini |Elizabeth Kenny |Edmond Fung |Faye Huang | +2 more
IntroductionIn certain circumstances, the liquidator of a British Virgin Islands (“BVI”) company may be able to set aside certain transactions which took place in the lead up to the company’s liquidation. It is important for those concerned with the affairs of a BVI company that they are aware of the statutory powers available to the liquidator. For a corporate liquidation in the BVI, there are four types of voidable transactions set out in the Insolvency Act 2003 (as revised).
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Aug 19, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Cesare Bandini |Elizabeth Kenny |Faye Huang |Vivian Huang | +1 more
IntroductionAll shareholders of a company incorporated in the British Virgin Islands (“BVI”) have certain rights and protections. However, the imbalance of voting powers within a company can result in the controlling majority conducting the affairs of the company in a manner that is prejudicial to the rights of the minority shareholders. This article will explore the BVI court’s approach to situations where there is conduct that is alleged to be unfairly prejudice to the shareholder.
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Aug 13, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Vivian Huang |Faye Huang | +1 more
The new beneficial ownership regime of the Cayman Islands (the “New BO Regime”), which aims to streamline the Cayman Islands’ beneficial ownership framework and to enhance transparency and access to adequate, accurate and current beneficial ownership particulars, became effective on 31 July 2024 when the Beneficial Ownership Transparency Act, 2023 (the “Act”) came into force.
