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Unravelling Complexity

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The British Virgin Islands in digital movement: Peer-to-peer lending introduced
Investment Funds

The British Virgin Islands in digital movement: Peer-to-peer lending introduced

Since the rushing air of financial technology hit the shores of the British Virgin Islands over the last few years, many BVI based service providers have been busy servicing this new and exciting area of business. The growth of FinTech is perhaps unavoidable as the world continues to digitize and electronic transactions continue to prove more beneficial to consumers, in terms of cost and effectiveness. As a result, the interest venture capitalists have taken in this burgeoning industry is undeniable and offshore jurisdictions like the BVI continue to take electronic steps in order to keep pace with the demands of the new kids on the blockchain.
Virtual Currency Regulation Review: Cayman Islands chapter

Virtual Currency Regulation Review: Cayman Islands chapter

Harneys lawyers contributed the Cayman Islands chapter in the Virtual Currency Regulation Review. The chapter gives a general introduction to the legal and regulatory framework in Cayman. In addition, it looks at the securities and investment laws; banking and money transmission; anti-money laundering; regulation of exchanges; regulation of issuers and sponsors; tax; and other issues. The Virtual Currency Regulation Review is published by The Law Reviews.
Cayman Islands AML update: 31 December 2018 AML officer deadline reminder and amended guidance notes
Investment Funds

Cayman Islands AML update: 31 December 2018 AML officer deadline reminder and amended guidance notes

As we noted in our earlier alert, investment funds that already existed on 1 June 2018 and which are registered with the Cayman Islands Monetary Authority (CIMA) as mutual funds, have to notify CIMA with details of the natural persons, at managerial level, appointed as their AML Officers. These appointments had to be made by 30 September 2018 and the notification has to be filed on CIMA’s REEFS portal by 31 December 2018.
Investment funds in Cyprus (non-UCITS)
Investment Funds

Investment funds in Cyprus (non-UCITS)

Cyprus is one of the up and coming funds jurisdictions in the European Union. For years popular for foreign direct investment in Central and Eastern Europe and the Middle East, the Cyprus’ funds regime now caters fully for pan-EU regulation under the Alternative Investment Fund Managers Directive 2011/61/EU while concurrently providing for lighter-touch alternatives. Importantly, Cyprus continues to be one of the most tax-competitive jurisdictions in the EU.
Illegality defense developments in UK and Cayman Islands
Litigation, Insolvency and Restructuring

Illegality defense developments in UK and Cayman Islands

The principles that a person should not benefit from his own wrongdoing and that the law should not condone illegality are longstanding. Keen legal historians might be aware that these are precepts in Roman law and there are echoes in Deuteronomy. In its broadest form, it extends to conduct which is not just illegal but also unethical. Download the PDF to read more.
Getting the Deal Through: British Virgin Islands Complex Commercial Litigation
Corporate

Getting the Deal Through: British Virgin Islands Complex Commercial Litigation

Andrew Thorp, Jonathan Addo and Mark Rowlands give an overview of complex commercial litigation in the British Virgin Islands in the latest chapter of Getting the Deal Through: Complex Commercial Litigation. Download the PDF to read more.