Recent Articles
An Introduction and Overview of Features of the Cayman Islands Limited Liability Company
Introduction 1. The Cayman Islands Limited Liability Company (LLC) regime came into operation on 13th July 2016 following the 8th July publication of The Limited Liability Companies Law, 2016 (Commencement) Order, 2016. Also on 13th July 2016 regulations were published setting out a schedule of fees and setting out [...]
Reduction Of Share Capital Of An Exempted Company Incorporated Under The Laws Of The Cayman Islands
It may from time to time become necessary to reduce the share capital of a company, whether because the original share capital may have been lost through trading or because the company may find it has more resources than it can profitably employ, or for other reasons. On the [...]
Are There Any Taxes Payable On Real Estate Transactions In The Cayman Islands?
A question frequently asked by prospective purchasers of Cayman Islands real estate is what taxes are payable on such purchases. While there are no direct individual or corporation taxes payable on the sale of real estate in the Cayman Islands, a one-time stamp duty payment (similar to transfer tax in [...]
A Guide to the Effect of a Winding-Up Order on Existing Litigation
Automatic Stay In the Cayman Islands, the winding-up of a company is governed by the Companies Law (“2020 Revision”) (“the Law”) and the Companies Winding Up Rules 2018 (as amended) (“the Rules’). On the making of a winding‐up order, an automatic stay is imposed, pursuant to Section 97 of [...]
Restraint Orders under the Proceeds of Crime Law
Case Note - Brian De Wit et al, [POCL 8 of 2014], unreported 8 June 2015 Civil freezing orders, or Mareva Injunctions, are the subject of frequent commentary by the legal profession in the Cayman Islands, together with the extension within the Islands of what has become known as [...]