Cayman News

  • Ogier announces seven promotions in Cayman Islands team

    March 31, 2020
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    Ogier has announced the promotion of seven people in its Cayman Islands team as part of its latest round of global promotions. James Lydeard and Gemma Lardner have become managing associate in Banking and Finance and Dispute Resolution, respectively. Jessica Crawford, Michael Robinson, Rebecca Findlay and Ridhiima Kapoor have been promoted to senior associate in Funds, Corporate, Dispute Resolution...

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  • RE: Regulatory Filing Extensions Update

    March 30, 2020
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    Further to their notice dated 25 March 2020, the Cayman Islands Monetary Authority (“CIMA”) wishes to advise of the following: Extension Fees There are no fees associated with the recently published extensions for filing regulatory returns. However, all other fees remain in effect and are payable upon the relevant regulatory filing being made. CIMA expects that all submissions will...

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  • Extensions Given for Annual Returns and Economic Substance Notifications

    March 27, 2020
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    The Registrar of Companies (ROC) and the Department for International Tax Cooperation (DITC) have extended the deadlines for entities to complete their annual returns and economic substance notification filings. The annual return filing deadline has been extended until 30 June. The extension will apply to all companies, including limited liability companies and foundation companies. Penalties for failure to file...

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  • DITC Activates Business Continuity Plan

    March 18, 2020
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    The Department for International Tax Cooperation (DITC) is following Cayman Islands Government policy and activating its business continuity plan during the coronavirus (COVID-19) pandemic. As a result, the DITC expects to maintain its operational frameworks and international obligations. Confidentiality and data safeguards remain critical for DITC functions and strict security measures will continue to apply to all remote working....

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  • Ministry Maintains Functionality During COVID-19 Pandemic

    March 18, 2020
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    The Ministry of Financial Services is instituting its business continuity plan to minimise staff risk and maintain the confidence of the financial services industry in the midst of the coronavirus (COVID-19) pandemic. In accordance with wider Cayman Islands Government policy, the Ministry is utilising remote working capabilities and a shift-based approach to working hours for staff. The creation of...

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