Look inside Broadhurst LLC’s new George Town offices

By Compass Contributor -April 3, 2022 IDG is a leading interior design consultancy in the Cayman Islands for the scope of what it can achieve for clients, including boutique corporations like Broadhurst LLC, from concept to design and build. IDG has a holistic vision and mission to design spaces that are a true reflection of the people […]

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Recent Decision of the Grand Court regarding Annulments

11 August, 2020 A recent decision of the Grand Court has brought the issue of annulments (sometimes known as “nullity”) to the fore of matrimonial law and is a timely reminder to not overlook that potential relief as well as the particular legal rules governing the topic.  Annulments, like divorce, are governed by the Matrimonial […]

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Grand Court confirms its jurisdiction to restrain the dissipation of a company’s subsidiaries’ assets, including its power to oblige a company to make ancillary disclosure of those assets

20 August, 2020 In a recent judgment of the Grand Court1, Kawaley J confirmed the Court’s jurisdiction to extend the definition of “assets” in a worldwide freezing order to include those assets held directly and/or indirectly by a party through its subsidiaries, as well as confirming the power of the Court to order full ancillary […]

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New Horizons:

How external counsel can help you explore and secure market entry opportunities

IR Global members offer jurisdiction-specific advice on how external counsel can help you explore & secure market entry opportunities.  The global Covid-19 pandemic may not be over, but business leaders […]

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Grand Court confirms that service of proceedings on attorneys invalid without confirmation that they hold instructions to accept service on behalf of their client.

18 September, 2020 Key Takeaway In a recent judgment of the Grand Court (Anna Bennett (Personal Representative of Mr George McIrvin Deceased) v. Mr Peter Right – P105 of 2018 (Unreported)), McMillan J set aside a default judgment after having found that there had been an inadequacy and a deficiency in complying with O.13, r.7 of […]

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Grand Court clarifies the requirements that must be satisfied before it will be prepared to appoint provisional liquidators

20 August, 2021 A recent judgment of the Grand Court[1] has served as a reminder to parties that the appointment of provisional liquidators to a company is treated by the Court as a “serious step” for which an applicant bears a “heavy and onerous burden” in satisfying the Court that such an appointment is warranted. Key […]

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Cayman Islands Foundation Companies

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 […]

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Cayman Funds – Registration Deadline For Limited Investor Funds

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[1],  was removed following the passage of the Mutual Funds (Amendment) Law, […]

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Changes To Regulatory Requirements For “Section 4(4)” Investment Funds

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 […]

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