Cayman First Press Release Cayman First Insurance Company (“Cayman First”) marked its 40th anniversary with a celebratory cocktail reception at the Kimpton Seafire Resort & Spa last week, recognising the individuals and organisations who have been instrumental in its...
Business
CIREBA Press Release CIREBA acknowledges the critical importance of addressing the healthcare needs of Caymanians, especially as our population ages. We remain steadfast in our commitment to the long-term sustainability and prosperity of the Cayman Islands. At this time,...
Document Templates Save Time, But Have You Checked If They Are Tailored To Your Fund?
12 minutes read
By Alric Lindsay Over time, offshore fund lawyers and service providers develop templates to process transactions efficiently. These templates include resolutions for launching new funds, memorandum and articles of association, partnership agreements, trust deeds, and various agreements for administration,...
By Alric Lindsay Historically, when you thought of a non-executive director of an offshore fund, you pictured a retiree accepting a limited number of appointments to earn a passive income. The onshore and offshore regulatory landscapes have since evolved,...
By Alric Lindsay According to a post-meeting summary of a meeting of the Cabinet that convened on Tuesday, October 15, 2024, the Cabinet approved the issuance of drafting instructions to develop a Director’s Disqualification Act and any necessary regulations. ...
Cayman Islands Bankers’ Association Press Release In light of the Hurricane Warning being in effect for the Cayman Islands, the Cayman Island Bankers’ Association members who are retail banks have made the decision to close all banking centers tomorrow...
Fund Directors: Practical Things To Consider When Service Providers Seek Indemnities Or To Limit Liability
6 minutes read
By Alric Lindsay Directors of Cayman-based funds will be familiar with provisions of agreements with fund administrators, auditors and other service providers where these third parties seek indemnities or to limit or exclude liability. Sometimes, these provisions are left...
Spectrum 2024: Driving Collaboration, Innovation And Inclusiveness In Financial Services
7 minutes read
Spectrum Press Release Taking place in early October, Spectrum 2024 attracted almost 200 attendees – bringing together industry leaders to explore the future of financial services and discussing key topics like artificial intelligence (AI), diversity, and evolving regulatory frameworks....
Cayman Fund Liquidations: Only A Few Dates Left To Complete Regulatory Filings To Avoid 2025 Fees
4 minutes read
By Alric Lindsay If you are still considering terminating your Cayman fund by voluntary liquidation, there are only a few dates before the 2024 calendar year ends to complete statutory and regulatory filings. Timely completion is critical because, in...
By Alric Lindsay As members of the public are aware, the Cayman Islands Government is considering the introduction of a third submarine cable to connect networks in the Cayman Islands to the rest of the world (the two existing...