In this article Martin Livingston, Adam Huckle and Adrian Davey provide an overview of the Cayman Islands' Anti- Corruption Law and Anti-Corruption Commission, key bribery offences, recent enforcement activity, and proposed reforms for the future. Their contribution formed part of the 6th Edition of Global Legal Insights - Bribery & Corruption, which covered 29 jurisdictions.
This article first appeared in the Sixth Edition of Global Legal Insights - Bribery & Corruption; published by Global Legal Group Ltd, London in December 2019.
Legal 500 has released its 2019 Caribbean guide and Maples and Calder has secured 11 practice group rankings across its British Virgin Islands and Cayman Islands offices. The firm continues to achieve high rankings in both the individual lawyer and practice group categories, with 69 lawyers recommended in this edition.
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.
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.
In this Q&A article Alex Hall Taylor and David Welford provide insight into business crime and regulations as it relates to the British Virgin Islands. Topics include criminal law enforcement, particular statues and crimes, investigations, and appeals.
This publication first appeared in the Global Legal Group's ICLG: Business Crime 2019, published in September 2018.