Cayman and BVI Regulatory Update – Q3 2023
12 Oct 2023This quarter’s Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 July to 30 September 2023.
This quarter’s Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 July to 30 September 2023.
On 30 August 2023 the Beneficial Ownership Transparency Bill, 2023 was gazetted. The Bill has been the subject of extensive consultation with industry stakeholders, members of the public, government partners, and international entities, particularly to ensure that the existing beneficial ownership regime in the Cayman Islands is aligned with current international standards.
In an eagerly awaited judgment of the Judicial Committee of the Privy Council (“JCPC”) delivered on 20 September 2023 in FamilyMart China Holding Co Ltd v Ting Chuan,[1] the JCPC addressed whether an arbitration agreement in a shareholders’ agreement prevents a party to that agreement from pursuing a petition to wind up the company which is the subject of the dispute.
For the second consecutive year, Campbells authors the Cayman Islands jurisdictional chapter of the ICLG Sanctions Guide.
Christopher Easdon discusses the importance of evidence and discovery, Section 238 of the Companies Act, and other key legal issues for merger appraisal in the Cayman Islands.
Paul Kennedy and Natasha Partos discuss the criteria under which a foreign bank can be wound up in the Cayman Islands.
Campbells is proud to offer an internship training programme, which welcomed twelve interns and two of our scholarship recipients this summer.
Authored by Campbells’ attorneys, these chapters discuss domestic judgments, foreign judgments, foreign arbitral awards, the 2019 Hague Convention on enforcing judgements as well as enforcement and digital assets.
The chapter highlights foreign judgments and proceedings, updates to the court system, limitation issues, arbitration and enforcements in the jurisdiction.
Campbells LLP acted as Cayman Islands counsel to DNB Bank ASA, New York Branch and a syndicate of lenders in connection with a US$325 million senior secured term loan facility guaranteed by Tidewater Inc.