Private Funding of Legal Services Act 2020: Codification and Clarity in Cayman

The Private Funding of Legal Services Act 2020 is on the horizon in the Cayman Islands. The Act seeks to provide welcome clarity and new opportunities for both potential litigants and litigation funders analysing their respective positions in this jurisdiction.

Related briefings

Privy Council emphasizes primary role of trial judge as decision-maker in shareholder disputes

In the context of an unfair prejudice claim, the Privy Council recently overturned the decision of the Eastern Caribbean Court of Appeal and restored the decision of Leon J. of the Commercial Court of the British Virgin Islands, in effect ordering a mandatory buy-out, at a price to be determined by the court, of minority shareholdings by the majority shareholder whose acts were found to be oppressive, unfairly discriminatory and unfairly prejudicial to the minority, pursuant to section 184I of the BVI Business Companies Act.

British Virgin Islands – Regulatory Update

On 11 February 2021, the British Virgin Islands Financial Services Commission published the Financial Services (Prudential and Statistical Returns) (Amendment) Order 2021.

Filing an economic substance declaration in Bermuda

In 2018, Bermuda enacted legislation with respect to economic substance requirements for entities based in the jurisdiction. All other major offshore jurisdictions enacted similar legislation at the same time.

Cayman Islands securities & banking country update

Partner Matthew Stocker and counsel Alex Davies from our Cayman Islands office provide an update on securities and banking regulations in the jurisdiction for Thomson Reuters Regulatory Intelligence.

Latest Briefings

BVI Company Law Series – Continuations In

In this first of two notes relating to continuations (sometimes referred to as migrations or redomiciliations), we look at the requirements and processes for companies which want to continue from one jurisdiction to the BVI.

Recommended

Paul Jarvis, Dentons

Dentons wraps leadership process with new CEO appointment

Dentons has appointed a new UK, Ireland and Middle East chief executive officer, as Jeremy Cohen prepares to pass the baton after six years in the role. The firm’s Middle East managing partner Paul Jarvis is to take on the mantle from Cohen, who is due to step down at the end of April. Cohen […]

Hong Kong

CK Hutchison expands group GC team with Clifford Chance hire      

Hong Kong-headquartered conglomerate CK Hutchison has expanded its group general counsel ranks with the appointment of Clifford Chance corporate partner Frank Yuen. Yuen has joined CK Hutchison Holdings as a group general counsel and head of compliance, which is a newly-created role. He will work alongside head group general counsel Valentine Tsang and a number […]

Ajitsaria Shruti Allen & Overy

A&O to ‘industrialise’ Fuse incubator in next growth stage

Allen & Overy wants to increase collaboration between its lawyers and participants of incubator Fuse, while also expecting to run a “hybrid model” of working once a new cohort of start-ups are chosen. The incubator of the magic circle firm is set to start taking applications for its fifth cohort, with both emerging and established […]

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