Legal News

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Legal Alert: Persons carrying on Business as Virtual Assets Service Providers Act in the BVI. 14 Jul 2023 Legal Alert: Persons carrying on Business as Virtual Assets Service Providers Act in the BVI. The Virtual Assets Service Providers Act 2022 (the “VASP Act”) was enacted in the British Virgin Islands (“BVI”) on 1 February 2023. Read More
Insolvency in the Cayman Islands – setting aside antecedent transactions. 13 Jul 2023 Insolvency in the Cayman Islands – setting aside antecedent transactions. In certain circumstances the official liquidator of a Cayman company may be able to take action to recover assets which have been transferred in the run up to the company’s insolvency. Read More
De-Registration of a Cayman Islands Exempted Company and Transfer by Way of Continuation 5 Jul 2023 De-Registration of a Cayman Islands Exempted Company and Transfer by Way of Continuation Under the revised Cayman Islands Companies Act, the Registrar of Companies will de-register a Cayman Islands exempted company incorporated with limited liability and with a share capital which proposes to be registered by way of Read More
Exempted Limited Partnerships and Venture Capital Funds 4 Jul 2023 Exempted Limited Partnerships and Venture Capital Funds The most common structure for a Cayman Islands domiciled private equity fund or a Cayman Islands domiciled venture capital fund is as an exempted limited partnership but there are reasons for different choices Read More