Related briefings

Jersey: At a Glance guide to the appointment of trustees

The power to appoint trustees is often contained in the trust deed and is commonly granted to either the trustee of the trust from time to time, or a third party such as the settlor or protector of the trust. Whoever has the power to appoint new or additional trustees must take into account a variety of factors.

CIMA releases Related Fund Entity form for Cayman Islands Private Funds

The deadline for funds registered under the Private Funds Act (Revised) (Private Funds) to submit their first fund annual return (FAR) form is 30 September 2021. This deadline applies to Private Funds with a 2020 financial year end and those with a 2021 year end falling on or before 31 March 2021.

Cayman Islands: Grand Court confirms test for liquidator independence

The Grand Court has recently provided helpful clarification as to the appropriate test to be applied when a dispute arises over the identity of the insolvency practitioners proposed to be appointed by a creditor or the company. In Global Fidelity Bank Ltd (in Voluntary Liquidation), the Court confirmed the 3-stage test for determining independence and that in applying the test, significant weight should be afforded to the views of the creditors.

Snapshot: Cayman Islands antecedent transactions

When a Cayman Islands company (CayCo) goes into official liquidation, various transactions entered into in the lead up to that liquidation may be set aside, allowing the recovery of assets of the CayCo to maximise the return to its stakeholders.

Latest Briefings

10 stumbling blocks in a business exit

Every business exit is different and a seller’s requirements will vary depending on the nature of their target business, the parties involved and the wider commercial climate. Even so, common issues crop up regularly.

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Lady Justice
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SDT clears Leigh Day partners in Iraq War claim

The Solicitors’ Disciplinary Tribunal has dismissed all of the allegations of misconduct against Leigh Day solicitors who were accused of pursuing false claims of torture and murder made by Iraqi civilians against British troops in Iraq.

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