Daily Compliance News: April 7, 2025, The Whistleblowers Awarded Edition
The Crypto-Asset Reporting Framework (“CARF”) is an international tax transparency standard developed by the Organisation for Economic Co-operation and Development (“OECD”). Introduced as an extension of the existing Common...more
The Cayman Islands government has made significant changes to the Common Reporting Standard (“CRS”) regime, as set out in the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment)...more
The Cayman Islands continues to be one of the leading offshore jurisdictions for digital assets, with several market leaders and tier 1 projects being established in the Cayman Islands....more
Welcome to the Winter edition of our Conyers Coverage newsletter. As always, we are pleased to bring you a jam-packed edition with timely legal and regulatory insights and details on industry developments from the Cayman...more
Like the English Insolvency Act 1986, and in common with multiple jurisdictions across the common law world, including Australia, New Zealand, Hong Kong, Singapore, Malaysia, India, Ireland, Bermuda and the Cayman Islands,...more
All Multi-National Enterprise (MNE) Groups that have Cayman Constituent Entities for purposes of the Country-by-Country Reporting (CbCR) Regime will need to complete a one-off re-registration on the new DITC CbCR Portal by 30...more
In this article, we will discuss the benefits of using a Cayman Islands holding company for Japan companies looking to list on the New York Stock Exchange (NYSE), Nasdaq, or the Hong Kong Stock Exchange....more
Anti-money laundering counter-terrorist financing and proliferation financing (AML/CFT/CFP) remains the main focus of inspections, and CIMA has demonstrated a clear readiness to take enforcement action where deficiencies are...more
The market dynamics of 2024 and 2025 have created a fertile ground for new SPAC IPOs, but this time around, sponsors and directors are examining the lessons learned from the previous cycle to shape a more thoughtful,...more
Are you or your client considering writing third party (re)insurance business within a Cayman Segregated Portfolio Company insurer (SPC) and currently debating whether a segregated portfolio (“Cell”) or a Portfolio Insurance...more
In this first of a series of pieces on reinsurance financing we break down the key components involved in financing transactions for Cayman Islands reinsurance companies....more
The old saying that “Independent Directors are like parsley on a fish: technically they are there, but they are largely decorative” is now very much defunct in the context of the Cayman Islands (re)insurance industry....more
In our summer briefing we discussed global credit ratings agency AM Best’s proposal to overhaul how it rates cell company structures, including segregated portfolio companies (SPCs)....more
The Cayman Islands has committed to implementing the OECD's Crypto Asset Reporting Framework (CARF). CARF is being implemented in the Cayman Islands by the Tax Information Authority (International Tax Compliance)...more
For close business owners and their attorneys embarking upon a major litigated business dispute, it is not unreasonable to want to know with certainty which state or nation’s laws they can expect the court to apply over the...more
CRS amendments effective 1 January 2026 which, among other things, require FIs to meet new registration, PPOC residency and reporting deadlines for CRS returns and compliance forms. Cayman entities with activities...more
In the recent decision of Hyalroute Communication Group Limited v Industrial and Commercial Bank of China (Asia) Limited [2025] HKCA 936, the Court of Appeal provided important clarification on principles governing interim...more
Welcome to the latest edition of the Conyers Private Client & Trust MENA Bulletin. In this Bulletin, we offer practical guidance on private wealth structuring tools for HNWIs and their families in the Middle East....more
In this article, we will discuss the benefits of listing an investment fund on the Cayman Islands Stock Exchange (CSX). CSX accepts listings on a wide range of securities, including open-ended and closed-end funds, bonds, and...more
Segregated portfolio companies (collectively, “SPCs” and individually, an “SPC”) are commonly used in the Cayman Islands as fund vehicles for umbrella funds....more
The Cayman Islands maintains its status as a leading jurisdiction for offshore funds, with over 17,700 closed-end funds registered as of September 2025. These funds operate under the Private Funds Act and rules and guidance...more
The Cayman Islands has witnessed a continuous increase in the number of administrative fines handed down by the Cayman Islands Monetary Authority (CIMA), subsequent to the enactment of the Monetary Authority (Administrative...more
The Cayman Islands is a pre-eminent offshore funds jurisdiction. In fact, with just over 30,000 registered funds as of September 2025, over 17,700 of which are closed-ended funds, Cayman accounts for around 68% of funds set...more
On 6 November 2025, the Cayman Islands Financial Reporting Authority (FRA) published a notice requiring all entities which hold or control frozen assets of a person designated under UK sanctions to file a new annual report by...more
The Cayman Islands remains one of the world’s most reputable jurisdictions for company formation and investment structures. Known for its stability, tax neutrality, and robust regulatory environment, Cayman attracts global...more