Daily Compliance News: April 7, 2025, The Whistleblowers Awarded Edition
Regulators in key offshore centres are actively engaging Web3 structures. The Cayman Islands Monetary Authority (CIMA) has begun issuing supervisory letters to Cayman foundation companies....more
In Biostar Pharma, Inc. v. LFM Oversea Investment Fund SPC and LFM Stable Income Fund SP [2025] CIGC (FSD) 118, the Grand Court of the Cayman Islands appointed receivers over LFM Stable Income Fund SP (the “SP”), the...more
Cayman bankruptcy remote features must be tailored to each vehicle type with mitigation measures including constraints on voluntary winding up throughout the facility’s life. Exempted companies, LLCs and ELPs each...more
The Conyers Hong Kong and Singapore offices produced rich and varied content in 2025. The topics that resonated most with readers in the Asia-Pacific region came from our Corporate, Investment Funds, Private Client and Trust...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
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
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 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 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
The introduction of the new Hong Kong re-domiciliation regime marks a significant development in the region’s corporate landscape. The regime allows eligible entities to transfer their place of incorporation to Hong Kong...more
In today’s complex wealth landscape, Private Trust Companies (PTCs) remain a popular tool for high-net-worth individuals and families seeking bespoke and sophisticated solutions for long-term asset protection, governance, and...more
In this seven part series, Barnabas Finnigan and Nick Ward dissect special purpose vehicles and bankruptcy-remote orphan structures of the type used in the US CLO market. Together they explore how SPVs are formed, how they...more
Private credit is no longer a niche asset class in the Middle East. Amid bank retrenchment, regulatory shifts and increasing institutional appetite for non-correlated yield, private credit has moved to the mainstream. As...more
On June 4, the Securities and Exchange Commission (SEC) issued a concept release seeking public comment on the definition of the term "foreign private issuer" (FPI). The request is in response to global market changes and...more
As the NAV and Hybrid worlds continue to grow, the granting of security over shares in Cayman companies is becoming a more common feature of deals. One of the most frequent questions we hear from deal teams is why Cayman...more
Last week, the SEC issued this 71-page concept release to rethink the definition of “foreign private issuer” and determine which companies should get the benefits of reporting under the FPI reporting framework. Here’s the...more
Conyers’ litigation and corporate teams were recently pleased to assist China Medonline Inc. (the “Company“) in relation to the withdrawal of a winding-up petition against the Company in the Cayman Islands Grand Court, and in...more
It has been two years since the Cayman Islands Monetary Authority (CIMA) introduced its Rule on Corporate Governance for Regulated Entities (the “Corporate Governance Rule”), and a year and a half since it came into force....more
Appointment of Restructuring Officers - In late 2023, in the case of Holt Fund SPC, the Grand Court ordered the first appointment of Restructuring Officers over particular segregated portfolios of a segregated portfolio...more
The Cayman Islands is a common law jurisdiction, which is based on the English model. It comprises statute law and binding case precedents. English and British Commonwealth case authorities are generally persuasive, but not...more
The Cayman Islands is a pre-eminent offshore funds jurisdiction. In fact, with just over 30,000 registered funds as at 30 March 2025, over 17,000 of which are closed-ended funds, Cayman accounts for around 68% of funds set up...more