Related briefings

New legislative regime for virtual asset service providers

The Virtual Asset (Service Providers) Law, 2020 was gazetted on 25 May 2020 and will come into force upon issue of a commencement order in due course. The Law represents Cayman’s first legal framework for the registration, licensing and supervision of virtual asset service providers conducting business in the Cayman Islands.

Cybersecurity requirements for licensees

Entities regulated under the Insurance Law will need to implement cybersecurity measures in proportion to their cyber risk profile by 27 November 2020 following the release of the Rule and Statement of Guidance on Cybersecurity for Regulated Entities by the Cayman Islands Monetary Authority on 27 May 2020.

Cayman Islands administrative fines regime for insurance licensees

By Rob Humphries The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the “Amendment Regulations”) came into force on 26 June 2020. The Amendment Regulations serve to amend Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (2019 Revision) (the “Fines Regulations”) and extend the scope of the fines which may be levied by the Cayman […]

GDPR and the Cayman Data Protection Law for Insurance Managers (and clients)

The General Data Protection Regulation 2016/679, or GDPR, is a set of EU regulations aimed at the protection of personal data and privacy of natural persons (not corporations) based within the EU. The GDPR has extraterritorial effect in that it applies to the processing of personal data of persons who are situated in the EU […]

The Private Funds Law and the Cayman Islands’ Status with the EU

In February 2020 the EU included the Cayman Islands on its Annex 1 list of non-cooperative jurisdictions for tax purposes; the so-called “black list”. Whilst the Cayman Islands Government had endeavoured to address the EU’s concerns in respect of the regulation of collective investment vehicles through the passing of The Private Funds Law (the “PFL”) and The Mutual Funds (Amendment) Law on 31 January 2020, the laws were only enacted on 7 February.

Latest Briefings

Schrems II: Your questions answered

Recently we hosted a webinar delving into the recent Schrems II judgment of the Court of Justice of the European Union (CJEU). Perhaps unsurprisingly, there were many questions from attendees.

More developments in relation to the CJRS

Just as employers are getting to grips with flexible furlough, yet more changes have been announced in respect of the Coronavirus Job Retention Scheme (CJRS). We examine the impact of these changes for employers.

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Schoenherr advises Wieland Ventures on acquisition of stake in UrbanGold

By Florian Kusznier, Helen Nassey Schoenherr has advised Wieland Ventures GmbH (Wieland) on the acquisition of a 22.1 % stake in UrbanGold GmbH (UrbanGold), an innovative start-up that developed a technology to recycle valuable metals from electrical and electronic waste. The terms and conditions of the transaction remain confidential. UrbanGold was founded in 2014 as a start-up […]

Dublin

Pinsent Masons targets three firms for Dublin additions

Pinsent Masons has nearly doubled its partnership headcount in Dublin after taking on three new partners from a trio of firms in the city. Pinsents became the first international law firm to open in the Irish capital after the Brexit vote, when it announced its launch in June 2017. As strife continues over the UK’s […]

#Metoo

DAC Beachcroft includes #MeToo in list of business risks

DAC Beachcroft is understood to have positioned the #MeToo movement at the heart of potential risks to its business as a growing number of firms have their reputations damaged by partners’ inappropriate behaviour. The decision is understood to have come as part of the firm’s annual business review which aims to identify what could cause […]

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