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Cayman Update

The latest news, views and updates from the key service providers to the Cayman Islands funds sector, including administrators, prime brokers, custodians, advisers and law firms...

Alistair Russell, Carey Olsen

Carey Olsen advises Brazil's 99 in USD1 billion ride-sharing app sale

Tue, 27/03/2018 - 13:11

Lawyers from Carey Olsen's corporate and finance practice in the Cayman Islands have advised 99, the Brazilian ride-sharing application and Uber competitor, on its sale to China's Didi Chuxing. »

Geoff Ruddick, Paradigm

Three governance professionals launch new fiduciary services firm in the Caymans

Thu, 08/03/2018 - 16:59

Three experienced figures in the alternative investment industry have partnered to form a new licensed fiduciary services company in the Cayman Islands. »

Nick Bullmore, Carey Olsen

Carey Olsen advises SoftBank on USD865 million investment in startup Katerra

Tue, 20/02/2018 - 13:15

Offshore law firm Carey Olsen has advised SoftBank Group Corporation and its Vision Fund on the USD865 million investment into Katerra, the construction technology startup. »

Man with a loud hailer

Carey Olsen advises on AUD1.2 billion restructure of Bis Industries

Thu, 01/02/2018 - 13:19

Carey Olsen has advised entities managed by The Carlyle Group and affiliates of Värde Partners on the AUD1.2 billion restructure and recapitalisation of the Bis Industries group, an Australian resources logistics and materials handling provider. »

Tammy Jennissen, Maples Fiduciary

In good times and in bad: The importance of effective directors for troubled funds

Tue, 30/01/2018 - 13:14

With the global financial crisis of 2008 now a decade in the past, much has changed in terms of how offshore private funds are governed and monitored. The highly publicised Weavering case in 2009 brought the role of fund directorships into sharp focus, specifically the lack of robust independent oversight.  »

Nick Bullmore, Carey Olsen

Carey Olsen adds to finance offering in the Cayman Islands

Tue, 30/01/2018 - 10:29

Offshore law firm Carey Olsen has continued the expansion of its finance practice in the Cayman Islands with the appointment of experienced attorney Adam Bathgate as counsel. »

Gary Smith, Loeb Smith

Cayman’s new AML/CFT regime

Mon, 29/01/2018 - 12:58

Q&A with Gary Smith, Partner, Loeb Smith Attorneys »

Richard Fear, Conyers Dill & Pearman

Country-by-country reporting regulations introduced in the Cayman Islands

Sat, 27/01/2018 - 11:44

By Richard D Fear (pictured), Conyers Dill & Pearman – This alert is intended to aid businesses that may have obligations to report information under the Tax Information Authority (International Tax Compliance) (Country-by-Country Reporting) Regulations, 2017 (“CbCR Regulations”), which were issued by the Cayman Islands on 15 December 2017 as part of its ongoing commitment to international tax transparency. »

Chris Humphries, Stuarts Walker Hersant Humphries

Moving your FINTECH business to the Cayman Islands

Sat, 27/01/2018 - 11:34

By Stuarts Walker Hersant Humphries – Initial Coin/Token Offerings (ICOs) are becoming an increasingly popular means of fundraising for new projects and utilise blockchain technology to do so. Over the past 9 months, we have seen a significant surge in interest in these projects with the Cayman Islands becoming the jurisdiction of choice for launching ICOs and other blockchain technology projects.  »

Matt Mulry, Dillon Eustace

Cayman anti-money laundering regime under review

Mon, 22/01/2018 - 12:08

By Matt Mulry (pictured), Dillon Eustace – In the shadow of an impending review by the Financial Acting Task Force the Cayman Islands has undertaken an overhaul of its laws, regulations and guidance notes which govern its anti-money laundering and counter-terrorist financing regime.  »


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