Related briefings

CIMA announces private funds filing extension

The Cayman Islands Monetary Authority (CIMA) recently announced that the deadline for filing audited accounts and the requisite Annual Return Form in accordance with the Private Funds (Annual Returns) Regulations, 2021 has been extended to 30 September 2021.

Hard deadline for filing 2019 economic substance return upcoming on 30 April 2021

By Charlotte Cloete, Alan Dickson and Philippa Gilkes Relevant entities carrying on all types of relevant activity (except for those carrying on intellectual property business) under the International Tax Co-operation (Economic Substance) Act (2021 Revision) (“ES Act”) with a financial year end between 31 December 2019 – 30 April 2020, must file an economic substance […]

Bermuda – Economic Substance Declaration Filings – Update

The Economic Substance Act 2018 requires Bermuda-based entities that are carrying on a “relevant activity” in a relevant financial period and entities claiming “non-resident entity” status under the Act to file an Economic Substance Declaration Form with the Bermuda Registrar of Companies.

The DITC issues timely compliance reminders

The Cayman Islands Department for International Tax Cooperation (DITC) recently issued reminders to industry of compliance obligations in accordance with Common Reporting Standard (CRS) requirements and for the purposes of foreign account tax compliance (FATCA).

Latest Briefings

12 things you didn’t know about electric vehicles

The significant shift in people’s travel routines over the last 12 months will likely trigger long-term changes for many and our urban spaces will need to continue to develop into ‘smart cities’. Electric vehicles and their charging points will form a significant part of this changing landscape.

Avenues of redress for stakeholders in Cayman incorporated companies facing the excesses of majority shareholders and/or their appointed directors

Against the backdrop of differing economies, laws and regulations throughout Asia, choosing to incorporate Cayman entities into holding and investment structures allows international stakeholders to co-operate under the aegis of a stable and effective judicial system. Appeals from the Grand Court of the Cayman Islands lie with the Cayman Islands Court of Appeal, comprising judges who have held high judicial office in the Commonwealth. The Judicial Committee of the Privy Council is the final Appellate Court for the Cayman Islands. As such, through its Court system, Cayman is able to provide the investment community with impartial, established and highly regarded judicial resources dedicated to resolving complex commercial disputes.

Key changes to the LCIA and ICC arbitration rules

Two of the most prominent arbitral institutions globally, the London Court of International Arbitration and the International Chamber of Commerce, have recently updated their rules to modernise and streamline the way in which arbitrations are administered. The changes are designed to increase efficiency, flexibility and transparency and to embrace the growing use of technology in business today.

Around the world (of Big Tech regulation) in 8 minutes

When Trump was ultimately banned from most mainstream social media services during his final month in office, many questioned if Big Tech should have the power to silence a sitting President in this way and if they had the right rationale to do so. Trump has now handed over @POTUS to Joe Biden and the whole world is talking about what may be in store for Big Tech when it comes to regulation as a result of this transformed understanding.

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Freshfields adds Kirkland employment partner as US expansion drive continues

Freshfields Bruckhaus Deringer has continued its series of bold US lateral hires with the appointment of Kirkland & Ellis employment partner Howard Klein to its New York office. Klein will join Freshfields on 2 February after seven years as a partner at Kirkland, practising employee benefits and executive compensation law. He will join the firm’s […]

Eversheds and Norton Rose Fulbright lead global trend of ramping up in Africa

Eversheds and Norton Rose Fulbright (NRF) are already two of the most-established firms operating on the African continent, both with their own offices in South Africa – and plans to keep growing. This week the duo have announced new alliances with domestic firms to boost their presence further. Eversheds has added to its South African […]

Simmons & Simmons’ Hoyland sets out plans for 2015

Simmons & Simmons managing partner Jeremy Hoyland has started the year by setting about drawing up a new three-year strategy and reflecting an economy that has been “defying gravity”. The firm has numerous new initiatives taking hold, such as a newly opened funds practice in Luxembourg, its new contract lawyer offering Adaptive, and the IP […]

New York

McDermott revenue up by 2.2 per as firm nears $900m mark

McDermott Will & Emery increased its global revenue to $899.8m last year, a 2.2 per cent growth on its 2013 figure of $880.8m. During the course of the year, the firm’s total number of lawyers worldwide fell from 1,021 down to 997. Meanwhile, it topped up its total number of equity partners from 192 to […]

Deadly bull attack case: No5 Chambers lawyer represents HSE

In a health and safety prosecution concerning a dairy farm before Stafford Crown Court, Tim Pole of No5 Chambers acted for the HSE.  The company and director had on an earlier occasion pleaded guilty to health and safety offences of failing to ensure the safety of employees and failing to have a suitable risk assessment […]

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