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.

Related briefings

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

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Clifford Chance enters City redundancy consultation

Clifford Chance is to run a redundancy scheme in London, in a move affecting a number of its support functions. The firm will offer a mix of voluntary and compulsory redundancies between now and June across its legal support secretary, document production and mail room groups in London. Around 44 to 73 roles are likely […]

HSF

HSF expands alternative services arm as revenue hits £50m

Herbert Smith Freehills (HSF) is broadening the offering of its alternative legal services arm, as its revenue smashes through its £50m target. Launched in Belfast in 2011, the alternative legal technology (ALT) service unit now includes more than 350 people around the world, having grown to over £50m from the £40m reported in 2019 and […]

law school new super-exam

Overseas law schools enter super-exam prep market with BARBRI tie-up

Three more overseas legal education providers are to offer prep courses for the new Solicitors Qualification Exam (SQE). Spain’s IE Law School, Paris Dauphine – PSL University of France and Singapore-based Asia Bar Review have all partnered with BARBRI to offer the course to international students. US-founded BARBRI arrived in the UK some years ago […]

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Live blog: law and the Super League

The latest developments in the aftermath of the collapse of the breakaway league from the legal point of view. Contact alex.taylor@thelawyer.com with related news or analysis.

Take part: The Smith & Williamson Law Firm Survey 2021

The Smith & Williamson law firm survey is back for its 27th year. For decades the survey has determined what factors are having a big impact on the legal profession. This has allowed analysis to look at year-on-year trends around confidence, financial management and strategy. Last year we discovered that: Despite the pandemic, 69 per […]

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