Category Archives: Client Advisories

Enforcement of foreign judgments and arbitration awards in the Cayman Islands

07 Apr 2021

Successful litigants in foreign proceedings will often be required to take steps to enforce any judgment or order obtained outside of the jurisdiction in which it was made. The Grand Court of the Cayman Islands routinely recognises and enforces foreign judgments and arbitral awards from countries such as the United States, the United Kingdom, Singapore, Hong Kong and the PRC (amongst others) against individuals, entities and assets domiciled or situated in the Cayman Islands.

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Cayman Islands Virtual Assets Framework

13 Nov 2020

The Cayman Islands Government has announced that the Virtual Asset (Service Providers) Law, 2020 (the “VASP Law”) will come into force in two phases.

Phase one, commencing on 31 October 2020, will focus on anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance, supervision and enforcement.

Phase two, which will include licensing requirements and prudential supervision, is expected to come into force in June 2021.

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