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The Trusts (Special Provisions) Amendment Act 2014 provides certainty regarding how far settlors can go without calling the validity of the trust structure into question.
This memorandum has been prepared for the assistance of those who are considering registration of a foreign limited partnership in the Cayman Islands.
This memorandum has been prepared for the assistance of those who are considering the operation of exempted limited partnerships in the Cayman Islands.
The Exempted Limited Partnership Law 2014 is a major re-working of the now repealed Exempted Limited Partnership Law (2013 Revision).
The Life Insurance Amendment Act 2014 came into force last month and has introduced two important changes to Bermuda’s Life Insurance Act 1978.
The extent of BVI court’s discretion under section 3(1) of the Reciprocal Enforcement of Judgments Act
The Eastern Caribbean Supreme Court, Court of Appeal has determined the scope of the court’s discretion under section 3(1) the Reciprocal Enforcement of Judgments Act 1922.
The Directors Registration and Licensing Law 2014 is now in force following publication of The Directors Registration and Licensing (Registration and Licensing) Regulations 2014.
The Cayman Islands government has enacted the Directors Registration and Licensing Law 2014, which regulates directors of certain entities established in Cayman.
The Contracts (Rights of Third Parties) Law 2014 was published in the Cayman Islands Gazette on 21 May 2014 and comes into force with immediate effect.
The amended rules should be welcome for effectively broadening the scope for enforcement of money judgments or arbitral awards at common law.
This briefing provides an overview of significant transactions involving Bermuda companies listed on the NYSE and NASDAQ for Q4 2013 and Q1 2014.
On 16 April 2014, the Privy Council issued a welcome decision in the Fairfield Sentry case.
The offshore world has seen an increase in insolvency matters raising cross-border issues together with a clear trend of judicial inventiveness.
The Cayman government has published the Directors Registration and Licensing Bill 2014, which seeks to regulate directors of certain entities established in the Cayman Islands.
The Canadian government has ratified a tax information exchange agreement with the British Virgin Islands (BVI).
Modern company, partnership, trust, and other related laws have made Bermuda a leading offshore financial centre for the formation of private equity vehicles.
FATCA imposes due diligence, information reporting and control burdens on a range of non-US financial intermediaries and investment entities.
Cayman Islands Law Update: the Exempted Limited Partnership Bill and the Contracts (Rights of Third Parties) Bill
Following extensive consultation in both the public and private sectors, the Exempted Limited Partnership Bill 2014 was gazetted on 21 February 2014.
The court looked at the issue of whether a stranger to a trust, who dishonestly assists in a breach of trust, is a ‘trustee’ within the meaning of s21(1)(a) of the UK Limitation Act 1980.
It is not unusual for a settlor to impose confidentiality conditions upon trustees by the terms of the trust. However, there are limits to the extent to which information may be withheld from beneficiaries.