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

Freeports – Planning FAQs

The designation of eight new Freeports within England made headlines in the Budget and now the winning bidders have to put into effect their successful proposals. What will this mean in practice for those areas affected and what are the likely issues that Freeport authorities will face?

Snapshot: arbitration in the British Virgin Islands for Asia-based parties

The BVI is an increasingly popular arbitral seat supported by a modern pro-arbitration legal framework, modern arbitration facilities, and a world-class arbitration institution of its own in the form of the BVI International Arbitration Centre (“BVIIAC”). The ready availability of BVI legal expertise for any such arbitration under the supervision of the well-respected BVI Courts provides added comfort for parties seeking a dispute resolution venue in a stable jurisdiction.

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.

Recommended

Nicola Foulston, Rosenblatt

Rosenblatt hires from Big Four for white collar launch

Rosenblatt has launched a white collar fraud and financial crime division, with the hire of KPMG’s former head of UK corporate crime. Manraj Somal joins the firm to head its new department and will be joined by Kangs Solicitors former head of London, Frances Murray, where she practised predominantly in the area of white collar […]

ferry

Clydes marine team hit by partner defections to new boutique

A group of partners have resigned from Clyde & Co’s marine practice as they set out plans to go it alone and form a new boutique law firm, The Lawyer understands. The five partners include Ed Mills-Webb, who became a partner in 2010 at the firm. A Clydes spokesperson said: “We can confirm that Ed […]

london

Macfarlanes and Freshfields win top roles on £1.8bn wealth management merger

Macfarlanes and Freshfields Bruckhaus Deringer have won the top roles on the £1.8bn merger between wealth managers Smith & Williamson and Tilney. Bringing together two of the UK’s longest-established wealth management and professional services businesses, the combined group will be named Tilney Smith & Williamson with an enterprise value of approximately £1.8bn. Smith & Williamson […]

Dentons opens in five jurisdictions in bid to build “pan-African” law firm

Dentons has encroached deeper into Africa through five proposed combinations across the Continent. The firm today announced that it was tying up with local firms in Angola, Morocco, Mozambique, Uganda and Zambia, following a concerted push to embed itself in the continent as the “first Pan-African law firm owned and controlled by Africans.” The firms […]

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