The Virtual Asset (Service Providers) Act, 2020 (VASP Act) as amended, provides a legislative framework for the conduct of virtual assets busi¬ness in the Cayman Islands...
Property transactions in Cayman can now be funded in cryptocurrency through Parallel Limited, which has obtained its VASP registration from CIMA.
We are the market leader in the Cayman Islands for Decentralised Autonomous Organisations (DAOs) and Decentralised Finance (DeFi).
As one of the foremost offshore financial centres, home to approximately 70% of the world's offshore investment funds and with an absence of any direct taxation on companies or individuals...
The rise of cryptocurrencies and digital assets (crypto, for convenience) has led to the creation of many new and innovative projects, particularly in decentralised finance (defi)...
Months after their colleagues explored the treatment of cryptocurrency as property, Collas Crill's head of dispute resolution Stephen Leontsinis and counsel Natascha Steiner-Smith...
The fintech market in the Cayman Islands has significantly developed its technology talent pool and its increasingly mature technology industry is developing and strengthening the...
There has been an explosion of interest around non-fungible tokens (NFTs) (otherwise known as "niftys" and "crypto-collectibles") in the past year and even greater growth in the...
Cayman Islands foundation companies (Cayman Foundations) are increasingly being utilised as popular structuring vehicles in the sector.
Alistair Russell, Chris Duncan and Jenna Willis have authored the Cayman Islands chapter of Global Legal Insight's fourth edition guide to blockchain and cryptocurrency regulation.
In what must be considered a reassuring judgment for those who might suffer from a hack or theft involving cryptocurrencies or digital assets...
While the increased profiles and demands of the famed "Next Generation" (NextGen) of established high net worth families have been well traversed over recent times...
As one of the foremost offshore financial centres, home to approximately 70% of the world's offshore investment funds and with an absence of any direct taxation on companies or individuals, the Cayman Islands has become an attractive destination ...
The new and evolving world of digital assets has introduced many private clients not only to vast and often rapid wealth, but also to foreign and increasingly complex concepts.
Cayman Enterprise City
Mention the Cayman Islands to a non-Caymanian five years ago and they'd likely think of picturesque Caribbean beaches, a thriving financial industry, and a favourable tax neutral business environment.
The continuing impact of Covid-19 is clearly the big talking point for 2022, with several questions arising: will new variants emerge, what steps will governments take to limit the spread, and what impact will it have on industries?
As part of our series looking at the potential impact of recent cases on the future decisions of the Cayman Islands and the BVI Courts relating to crypto assets...
Courts in offshore jurisdictions have started to adopt the decisions of the English Courts when granting relief with respect to the dissipation and recovery of crypto-assets.
A recent report published by AIMA, the 4th AIMA Annual Global Crypto Hedge Fund Report 2022, highlighted the continued growth in the AUM being allocated to this asset class during 2021.
Activity in the fintech sector continues to be strong. There is ongoing interest in establishing vehicles in both the Cayman Islands and the BVI.