Cayman News

  • Higgs & Johnson Celebrates 10th Anniversary in the Cayman Islands

    April 5, 2019
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    Higgs & Johnson is pleased to celebrate 10 years of service in the Cayman Islands. The Grand Cayman office is a full service legal practice with particular expertise in mutual funds, offshore investment vehicles, insolvency, civil litigation and real estate.

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  • Company Formation Sector Broke Records Last Year

    March 27, 2019
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    A record 16,326 companies formed in Cayman last year, contributing to the number of active companies reaching 107,309 – also a record – at year’s end. There was also a record 26,381 active partnerships at the end of 2018. According to recently released statistics from the General Registry, the number of companies has grown steadily since the end of...

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  • Beneficial Ownership LLP Regulations Released

    March 27, 2019
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    Cabinet has approved the Beneficial Ownership (Limited Liability Partnership) Regulations, 2019 before the Limited Liability Partnership (Amendment) Law will take effect later this year. The regulations will require limited liability partnerships to file beneficial ownership information with the General Registry in much the same way limited liability companies and other types of companies are doing so already. The changes come...

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  • CIMA Appoints Deputy Head of Compliance Division

    March 25, 2019
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    The Cayman Islands Monetary Authority (CIMA) has appointed a deputy head of its compliance division. Jennifer Hydes has been promoted to the position having served as the division’s chief analyst since July 2014. Bringing over 10 years of experience in the financial services industry, predominantly in the trust field, Hydes began her career with the Authority in 2001 as an...

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  • Cayman Islands Committed to Caribbean Financial Action Task Force (CFATF) Progress

    March 19, 2019
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    Responding to the recently published Caribbean Financial Action Task Force (CFATF) Fourth Round Mutual Evaluation Report on the Cayman Islands, Premier Alden McLaughlin said: “The Cayman Islands remain fully committed to upholding the highest global standards on money laundering and terrorist financing. Our anti-money laundering and counter financial terrorism action plan will send a clear signal that we intend...

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