KSG offers answer to Cayman Islands 'Grey-listing'
The Financial Action Task Force (FATF) has today confirmed that the Cayman Islands as a jurisdiction has been 'grey-listed' in respect of its Anti-Money Laundering (AML) compliance.
Feb25, 2021
Mar16, 2020
Covid-19 and employment issues in the Cayman Islands
With the first reported case in the Cayman Islands of the coronavirus disease 2019 (COVID-19) we have received an increasing number of enquiries from employers and employees about what they should be doing from an employment law/HR perspective and employment rights.
Mar16, 2020
COVID-19 and Local Business: Managing Debt When There's No Customers
As the Cayman Islands hunkers down in the face of the COVID-19 global pandemic, local businesses will feel the shock from the loss of cruise tourism, a dramatic slowdown in stayover tourism, government restrictions on public gatherings and the overall decline in consumer spending.
Mar16, 2020
Wills and Estate Planning – Think Ahead
Most people appreciate the importance of having a Will and estate plan, however according to statistics in the UK, 60% of the population never actually create a Will.
May21, 2019
The Role of Forensic Accountants in Matrimonial Disputes
The role of forensic accountants as experts in matrimonial disputes has evolved considerably in recent years.
Jan09, 2019
How to manage your 'Divorce Day'
The first Monday in January has been dubbed 'Divorce Day' as it is frequently reported as the day when divorce lawyers experience a spike in enquiries on the back of the festive period. The holidays can be stressful for many reasons and can highlight tensions and unresolved issues in a relationship.
Jan08, 2019
English Court of Appeal Previews Cross-Border Insolvency Gibbs Rule Fight
On the road to confirming a cross-border debt restructuring plan, the Gibbs rule remains a nasty pothole requiring careful navigation to avoid significant damage. All the while, the motorists exclaim, sometimes angrily and sometimes wistfully, 'Why don’t they just fix this?!'.
Dec13, 2018
Platinum Plated Priority: Litigation Funding for Cayman Liquidators Approved in Platinum Partners Judgment
Insolvency and litigation funding are a natural fit, and the Grand Court of the Cayman Islands has recently issued the first public judgment approving a liquidator’s application for permission to enter into a third party litigation funding agreement with a commercial funder.
Oct26, 2018
Cayman Islands Consultation on Economic Substance
On 9 October, the Cayman Islands Government released consultation drafts of the European Union Tax Co-Operation (Economic Substance) Bill and the Companies (Amendment) (No.2) Bill (together the “Draft Bills”) for industry consultation and feedback.
Oct10, 2018
UK Supreme Court finds hospital negligent for misleading advice on waiting time
The UK Supreme Court handed down a Judgment on Duty of Care. (Darnley (Appellant) v Croydon Health Services NHS trust (Respondent) [2018] UKSC 50 on appeal from [2017] EWCA Civ 15).
Oct09, 2018
AML Deadline for Funds moved to 31 December 2018
The Cayman Islands Monetary Authority still requires regulated and unregulated Funds to appoint an Anti-Money Laundering Compliance Officer...
Sept18, 2018
Anti-Money Laundering Deadline Approaches
The Anti-Money Laundering Regulations of the Cayman Islands have been updated, with the headline amendment being...
APR19, 2018
Major Family Law Reform imminent in the Cayman Islands
The Cayman Islands government have proposed three draft bills to modernise matrimonial and family legislation in the Islands.
FEB13, 2018
Beneficial Ownership - Joint Bank Accounts
A recent decision of the Privy Council from a Bahamian case (Whitlock v Moree Privy Council Appeal No 0075 of 2016) is likely to have an impact on a significant number of families in the Cayman Islands.
FEB09, 2018
Russian billionaire challenges record UK divorce settlement
Russian billionaire, Farkhad Akhmedov who was ordered to pay £453m to his former wife commenced his challenge to the award in the Court of Appeal in London last week.
Oct11, 2017
Prenuptial Agreements: To Preserve and Protect
The popularity of prenuptial agreements is continuing to grow. Prenups have been common place in the U.S. and continental Europe for many years, and the U.K. and other jurisdictions are now following suit.
Oct10, 2017
Motor Vehicle Accidents – Frequently Asked Questions
We regularly act on behalf of persons injured in road traffic accidents occurring in the Cayman Islands. We have prepared answers to questions frequently asked by our clients to assist you if you are considering bringing a claim.