-
Nov 7, 2024 | 
caymanfinance.ky | Robert Lindley
The Cayman Islands is in the process of implementing fundamental changes to its beneficial ownership regime. Most significantly, these include the removal of exemptions applicable under the previous regime, as well as more detailed and stringent rules as to who qualifies as a registrable beneficial owner. Private wealth structures, many of which previously relied on an exemption, will be impacted.
-
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.
-
Sep 13, 2024 | 
mondaq.com | Robert Lindley
C
Conyers
More
Conyers is a leading international law firm with a broad client base including FTSE 100 and Fortune 500 companies, international finance houses and asset managers. The firm advises on Bermuda, British Virgin Islands and Cayman Islands laws, from offices in those jurisdictions and in the key financial centres of Hong Kong, London and Singapore.
-
Sep 12, 2024 | 
ifcreview.com | Robert Lindley
12/09/24
British Virgin Islands (BVI) business companies are often used for private wealth structuring purposes. However, where the shares in a BVI business company are registered in the name of an individual rather than a corporate entity, a question will arise concerning the succession to the shares in the event of the death of the individual.
-
Sep 3, 2024 | 
jdsupra.com | Sarah E. M. Howie |Robert Lindley |Wesley O'Brien
The Cayman Islands is in the process of implementing fundamental changes to its beneficial ownership regime. Most significantly, these include the removal of exemptions applicable under the previous regime, as well as more detailed and stringent rules as to who qualifies as a registrable beneficial owner. Private wealth structures, many of which previously relied on an exemption, will be impacted.
-
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.
-
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.
-
Nov 29, 2023 | 
jdsupra.com | Robert Lindley
Recognised as a global leader in private client advice, our Cayman Islands and British Virgin Islands (BVI) Private Client & Trust teams have been working with clients in the Middle East for decades. Our experienced team of lawyers has advised families and businesses in the region to plan for the transmission of wealth and maximise charitable and business objectives. We wish to keep you updated on topics we hope you and your families will find of interest.
-
Nov 15, 2023 | 
mondaq.com | Robert Lindley
British Virgin Islands (“BVI”) business companies
are often used for private wealth structuring purposes. However,
where the shares in a BVI business company are registered in the
name of an individual rather than a corporate entity, a question
will arise concerning the succession to the shares in the event of
the death of the individual.
-
Oct 20, 2023 | 
jdsupra.com | Robert Lindley
British Virgin Islands (“BVI”) business companies are often used for private wealth structuring purposes. However, where the shares in a BVI business company are registered in the name of an individual rather than a corporate entity, a question will arise concerning the succession to the shares in the event of the death of the individual.
