The Mutual Funds Law (2019 Revision)
The following information relates to the enactment of The Mutual Funds Law (2019 Revision) and the subsequent commencement of related sections of The Mutual Funds (Amendment) Law 2015. The changes require certain funds to notify the Cayman Islands Monetary Authority if they are active in EU jurisdictions.
Stuarts Success – Case Review: Toby -v- Allianz Global Risks US Insurance Company
Toby –v- Allianz Global Risks US Insurance Company, FSD 152 of 2013 (IMJ), Judgment delivered on 29 August 2018
Security Token Offerings in the Cayman Islands
Security Token Offerings (“STOs”) are an extremely popular means of fundraising for new projects and utilise blockchain technology to do so. Whilst no specific legislation has been passed by the Cayman Islands Government in connection with STOs and cryptocurrencies, it would be incorrect to say that STOs are “unregulated”.
The Zero Carbon Bill – a closer look
The long-awaited "Zero Carbon Bill" was finally released on 9 May, but despite being greeted by considerable media interest there are a number of significant issues that have yet to come to the fore.
A link tax in New Zealand?
A controversial payment to publishers for content in Europe has implications for New Zealand – despite escaping mention in a recent paper that set out the key issues for review for our own copyright laws.
News media exemption under the Privacy Act: now a matter of “responsibility”?
The role of the news media as the "eyes and ears" of the public, and the corresponding right of such news media to be exempted from the Privacy Act 1993 (Privacy Act), is entrenched and well accepted. However, the extent to which the news media exemption applies to non-traditional forms of "news" published by "civilian …
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Stuarts Hires Caymanian Partner Jonathan McLean
Stuarts Walker Hersant Humphries, a leading Cayman Islands law firm, is pleased to announce that Caymanian, Jonathan McLean has been hired as the firm’s newest partner, effective July 2019.
Derivatives Margin Bill a step closer to becoming law
In an article in Februarythis year, we reported on the introduction into Parliament of the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Bill (the Bill).
Climate-related risk highlighted in Reserve Bank Act review
The role of the Reserve Bank in assessing and responding to the risks climate change poses to financial stability features in the current consultation on New Zealand's financial policy framework. Inclusion of climate change as part of the wide-ranging review of the Reserve Bank Act is further evidence of the growing trend towards climate-related risk …
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Taxation of the Digital Economy: update
In early June the Government released a discussion document on New Zealand's options for taxing the digital economy.