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Oct 30, 2023 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Wendy Au |Vivian Huang | +2 more
By way of an update on our recent publication (which can be found here) that the Financial Action Task Force (FATF) had determined that the Cayman Islands has substantively fulfilled its action plan, and following completion of a recent on-site visit by the FATF, the Cayman Islands has now been de-listed from the FATF so-called “Grey list”.
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Oct 19, 2023 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Wendy Au |Vivian Huang | +1 more
The British Virgin Islands (BVI) has been removed from the European Union (EU) list of non-cooperative jurisdictions for tax purposes. The EU press release states: “British Virgin Islands was removed from the list as it has amended its framework on exchange of information on request (criterion 1.2) and will be reassessed in accordance with the OECD standard.
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Oct 19, 2023 | lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Wendy Au |Vivian Huang | +1 more
The British Virgin Islands (BVI) has been removed from the European Union (EU) list of non-cooperative jurisdictions for tax purposes. The EU press release states: “British Virgin Islands was removed from the list as it has amended its framework on exchange of information on request (criterion 1.2) and will be reassessed in accordance with the OECD standard.
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Oct 4, 2023 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Wendy Au |Vivian Huang | +1 more
In recent years, especially during the COVID-19 pandemic, onboarding clients and monitoring business relationships on remote basis have become the dominant trend.
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Sep 11, 2023 | 
lexology.com | Gary Smith |Elizabeth Kenny |Yun Sheng |Cesare Bandini |Robert Farrell |Wendy Au | +2 more
To view this article you need a PDF viewer such as Adobe Reader. If you can't read this PDF, you can view its text here. Go back to the PDF. Cayman IslandsSeptember 11 2023The New Regime For Restructuring Officers | Cayman Islands Technical Brief for Investment Funds On 31 August 2022, the Cayman Islands introduced the restructuring officer regime (“the Regime”) by making certain amendments to the Cayman Islands Companies Act (“the Act”).
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Sep 5, 2023 | 
law.asia | Elizabeth Kenny |Wendy Au |Loeb Smith Attorneys
A professional fund is the most popular type of open-ended investment fund in the British Virgin Islands (BVI), which may carry on business for up to 21 days prior to obtaining recognition by the BVI Financial Services Commission (FSC), provided the fund lodges an application for recognition with the FSC within 14 days of launch.
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Sep 1, 2023 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Wendy Au |Cesare Bandini |Vivian Huang | +1 more
In December 2019, the British Virgin Islands (“BVI”) introduced a new regulatory regime for closed-ended funds in the BVI by requiring closed-ended funds (e.g., private equity funds, venture capital funds and real estate funds) which qualify as “private investment funds” (“PIFs”), to apply to the Financial Services Commission of the BVI (“FSC”) to be recognized and regulated by the FSC.
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Sep 1, 2023 | lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Wendy Au |Cesare Bandini |Vivian Huang | +1 more
In December 2019, the British Virgin Islands (“BVI”) introduced a new regulatory regime for closed-ended funds in the BVI by requiring closed-ended funds (e.g., private equity funds, venture capital funds and real estate funds) which qualify as “private investment funds” (“PIFs”), to apply to the Financial Services Commission of the BVI (“FSC”) to be recognized and regulated by the FSC.
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Aug 23, 2023 | 
lexology.com | Gary Smith |Robert Farrell |Peter Vas |Elizabeth Kenny |Cesare Bandini |Wendy Au | +2 more
The Cayman Islands exempted company (including the segregated portfolio company) is the corporate vehicle of choice for series financing, mergers utilizing the Cayman merger regime, banking and finance transactions, investment funds, and other corporate transactions.
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Aug 23, 2023 | lexology.com | Gary Smith |Robert Farrell |Peter Vas |Elizabeth Kenny |Cesare Bandini |Wendy Au | +2 more
The Cayman Islands exempted company (including the segregated portfolio company) is the corporate vehicle of choice for series financing, mergers utilizing the Cayman merger regime, banking and finance transactions, investment funds, and other corporate transactions.
