Client Advisories
Sign up here to receive updatesVirtual Assets in the British Virgin Islands: Compliance Period to Expire in January 2021
26 Nov 2020The BVI Financial Services Commission (the "Commission") recently published new virtual asset guidance (the "Guidance"). The purpose of the Guidance is to clarify the applicability of the BVI’s existing regulatory regime to virtual assets and virtual asset-related activities.
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Cayman Islands Virtual Assets Framework
13 Nov 2020The 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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Cayman Islands Court of Appeal allows appeal against a refusal to enforce a foreign arbitral award
02 Nov 2020The CICA’s judgment will be of interest to users of arbitration, particularly those who may wish to seek the enforcement of an award made in a civil jurisdiction in a common law jurisdiction.
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