All posts by campbellslegal

Economic Substance Requirements in the Cayman Islands

02 Apr 2019

As a result of the OECD’S global Base Erosion and Profit Shifting (“BEPS”) initiative and the EU Code of Conduct Group substance requirements modelled on BEPS Action 5, the Cayman Islands has enacted The International Tax Co-operation (Economic Substance) Law, 2018 (the “ES Law”) and issued related Regulations and Guidance Notes.  Similar legislation has been introduced in numerous jurisdictions, including the Channel Islands and the British Virgin Islands.

unfold

Cayman Grand Court refuses to enforce foreign arbitral award in favour of Brazilian airline

25 Mar 2019

The 19 February 2019 judgment of the Grand Court of the Cayman Islands in VRG Linhas Aereas S.A. v Matlin Patterson Global Opportunities Partners (Cayman) II L.P. & Ors is a rare example of the Grand Court refusing to enforce a foreign arbitral award, here on the grounds that the defendants were not parties to the arbitration agreement pursuant to which the award was rendered and that, even if they were, the award went beyond the scope of the arbitration agreement such that its enforcement would be contrary to the principles of natural justice and public policy.

unfold

Campbells Partner, Guy Manning, reaches the South Pole for charity

29 Jan 2019

Campbells is pleased to announce that Guy Manning, Head of our Litigation, Insolvency & Restructuring Group, reached the South Pole on 13 January 2019.  In doing so he completed the penultimate leg of the Explorers’ Grand Slam, the challenge of climbing the Seven Summits and skiing to both Poles.

unfold