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The information within these articles contains opinions and / or pieces of thought leadership.
They do not purport to be comprehensive or to render legal advice.
9 Nov 2018
Maples and Calder acted for the applicant creditor in the successful restructuring of Schahin II Finance Company (SPV) Limited, a Cayman Islands note issuing vehicle, in order to inject US$15 million of debtor in possession ("DIP") priority rescue finance. This is one of the first times a scheme has been used to provide DIP rescue finance and may signal the start of a new trend in light of the Noble decision from the English High Court which followed hot on the heels of Schahin.
7 Nov 2018
Sanctions Orders are extended by Statutory Instrument to the British Overseas Territories, including the British Virgin Islands and the Cayman Islands, to implement sanctions regimes implemented by the United Nations Security Council, the European Union and the United Kingdom Government.
From 7 November 2018, pursuant to The Sanctions (Overseas Territories) (Amendment of Information Provisions) Order 2018, the reporting obligation in respect of Financial Sanctions Orders shall extend to 'relevant businesses and professions', including auditors, casinos, precious metal and stone dealers, external accountants, independent legal professionals, real estate agents, tax advisors and trust or company service providers.
5 Nov 2018
IFLR1000 has released its 2019 guide to the world's leading financial and corporate law firms, with Maples and Calder achieving top tier rankings across its jurisdictions.
30 Oct 2018
Partner Caroline Moran and of Counsel Nick Herrod look at the circumstances in which utilising Cayman Islands debt restructuring proceedings can maximise value for distressed debt investors implementing a loan to own strategy.
This article first appeared in The Hedge Fund Journal published in October 2018.
29 Oct 2018
In this chapter Jonathan Green, Tim Coak and Luke Stockdale provide an analysis of asset management in the Cayman Islands, including recent activity, the regulatory framework that governs asset management, common asset structures, and key trends. Their contribution formed part of the sixth edition of The Asset Management Review, covering 27 jurisdictions.
This article first appeared in The Law Reviews The Asset Management Review 6th Edition published by Law Business Research in September 2018.