The Cayman Foundation Company (the “Foundation Company“) is governed by the Companies Law (2020 Revision) (the “Law“) of the Cayman Islands except as specified in The Foundation Companies Law, 2017. The Foundation Company is a not for profit body corporate having separate legal personality and may be established for any lawful purpose including commercial and […]
As at 7 February 2020 (the “Commencement Date“), the exemption from registration for Limited Investor Funds i.e. funds which have its equity interests held by fifteen (15) or fewer investors, a majority of which have the ability to appoint or remove the fund’s operators, was removed following the passage of the Mutual Funds (Amendment) Law, […]
The Mutual Funds (Amendment) Law, 2020 of the Cayman Islands (the “Amendment Law“) was brought into law on 7 February 2020. The Amendment Law has removed the exemption from regulation for Section 4(4) investment funds i.e. investment funds which have its equity interests held by fifteen (15) or fewer investors, a majority of which have […]
Cherry Bridges participates in IR Global Virtual Series: Freezing Assets – The mechanics behind cross-border injunctions
IR Global’s exclusive Commercial Litigation member in the Cayman Islands, Cherry Bridges of Ritch & Conolly, recently participated in one of IR Global’s Virtual Round Table Series Publications entitled ‘Freezing Assets – The mechanics behind cross-border injunctions’. This feature examined the injunction process from the perspective of 10 legal experts in the area of commercial dispute […]
Many modern organisations, regardless of size, own assets in multiple locations across the world. The advent of technology, together with accessible international markets, means dealing with clients across borders is […]Read more
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Jeffrey Johnstone of Broadhurst LLC. Jeffrey has joined IR as our exclusive Corporate Law Member in the Cayman Islands. Jeffrey D. Johnstone is a senior attorney with expertise in the areas of mergers and acquisitions, corporate finance, secured lending, private equity and venture capital transactions, […]
Jeffrey D. JohnstoneAssociate Partner, BROADHURST LLC
Your fellow members; Broadhurst LLC the exclusive Insolvency Member in the Cayman Islands, is pleased to announce an addition of a new practice area of Corporate Law to their IR Global membership. This new position adds further strength to their membership and offers further support for fellow members in the area. Kyle Broadhurst will be the […]
Until the Court of Appeal’s recent decision in Michael Wilson & Partners Ltd v Emmott  EWCA Civ 219 a commonplace feature of worldwide freezing orders has been the exemption permitting the respondent whose assets are otherwise frozen to continue making payments in the ordinary course of business. This exception is known as the “Angel Bell” exception. […]
Kyle Broadhurst, Partner at Broadhurst LLC Attorneys-at-Law, recently traveled to London to attend the IR Global annual conference, the leading professional network for legal, financial and corporate services. This highly anticipated event, attended by over 300 professionals was a great opportunity for Kyle to converse with old colleagues and network with new members. The attendees were able to […]
Congratulations to the WaterMark team on getting planning approval for your latest project! Ritch & Conolly is proud to be the legal advisors for this exciting and innovative luxury development. Please see more details on this article of Cayman Compass.
During the IR Global ‘On the road’ conference in Toronto (May 2018), Jeffrey Liesemer (Member of Caplin & Drysdale, Chartered, United States) and Kyle Broadhurst (Director of Broadhurst LLC, Cayman Islands) sat down to discuss their respective international insolvency practices and the main insolvency procedures in their respective jurisdictions. To view the video in full please […]
What remedies do you use to identify, secure and realise assets in Cayman Islands, in order to maximise returns to creditors? What are the advantages and disadvantages of each?
The Cayman Islands is a Commonwealth jurisdiction so the remedies that are available here are similar to those available in England and Canada. If the debtor is a Cayman company an application could be made to place the company into liquidation. There are different grounds upon which such an application can be brought but a […]