Recent Articles
Corporate Governance Update: Cayman Islands Regulated Funds
April 2024 A year since the introduction of the updated regulatory measures by CIMA on corporate governance for regulated entities. How are the rules and guidance being implemented by funds? The Cayman Islands Monetary Authority (CIMA) released updated regulatory measures in April 2023 in relation to the rule on [...]
An Introduction and Overview of Features of the Cayman Islands Limited Liability Company
Introduction The Cayman Islands Limited Liability Company (LLC) regime came into operation on 13th July 2016 following the 8th July publication of The Limited Liability Companies Law, 2016 (Commencement) Order, 2016. Also on 13th July 2016 regulations were published setting out a schedule of fees and setting out requirements [...]
Reduction Of Share Capital Of An Exempted Company Incorporated Under The Laws Of The Cayman Islands
It may from time to time become necessary to reduce the share capital of a company, whether because the original share capital may have been lost through trading or because the company may find it has more resources than it can profitably employ, or for other reasons. On the [...]
Are There Any Taxes Payable On Real Estate Transactions In The Cayman Islands?
A question frequently asked by prospective purchasers of Cayman Islands real estate is what taxes are payable on such purchases. While there are no direct individual or corporation taxes payable on the sale of real estate in the Cayman Islands, a one-time stamp duty payment (similar to transfer tax in [...]
A Guide to the Effect of a Winding-Up Order on Existing Litigation
Automatic Stay In the Cayman Islands, the winding-up of a company is governed by the Companies Act (“2021 Revision”) (“the Act”) and the Companies Winding Up Rules 2018 (as amended) (“the Rules’). On the making of a winding‐up order, an automatic stay is imposed, pursuant to Section 97 of [...]