The use of offshore vehicles for international financial transactions is becoming more and more popular in the Asia Pacific region. Among them the Cayman Islands is  now the hot jurisdiction for offshore companies and commercial work, as well as the choice now to set up an offshore financial center.
 

The Cayman Islands has positioned itself as the number one destination for offshore legal operations. It is the market leader in the formation of mutual funds – estimated to house about 75% of world’s hedge funds and nearly half the industry’s estimated US$1.1 trillion of asset under management followed by Bermuda. This is evidenced by the fact that Hong Kong tycoon, Mr. Li Ka-Shing, unveiled in January 2015 a sweeping restructuring of his business empire, switching its base of incorporation to the Cayman Islands from Hong Kong for more flexibility in re-organization.
 

Cayman Islands Company and Commercial Law is:
• The first Cayman Islands Commercial Law publication for offshore companies and commercial work in the market
• Published by Conyers Dill & Pearman, the leading offshore law firm in the Cayman Islands with offices in Hong Kong, Singapore, London and Dubai.
• A comprehensive coverage of latest policies set by CIMA, and summaries a number of important recent cases decided by the Cayman Islands Courts in connection with shareholder rights, directors’ duties, and insolvency
 

The Cayman Islands vehicles involved all aspects of international commercial transactions including: private equity, IPOs, mergers & acquisitions, and corporate finance transactions. This publication will also cover recent trends in Cayman Islands company law including IPOs of Cayman Islands companies and “go private” transactions.

Analysis and review of the Trade Descriptions Ordinance (Cap.362), where the amended law has been revised and improved by expanding its coverage to include both goods to services, with the emphasis on banning misleading sales practices to provide greater protection for consumers.

• Authored by representatives of one of the top offshore legal firms with specific specialisation in the complexities of the Cayman Islands jurisdiction.
• An increase in the breadth of coverage with three entirely new chapters:
  - Financing & regulation of aircraft;
  - Cayman Island LLCs; and
  - EU Substance Requirements. 
• The only authoritative reference source for the South East Asian legal market covering the critical Cayman Islands jurisdiction that accounts for 75% of world’s hedge funds and nearly half the global industry’s estimated US$1.1 trillion of asset under-management.
• Highly contemporaneous with 40% of the 1st edition content updated including, but not limited to:
  - analysis and review of the new and amended Cayman Islands laws and regulations regarding the companies and financial regime;
  - updates to the anti-money laundering regime;
  - review and analysis of the new regulatory guidelines regarding the formation of limited liability companies etc.

Cayman Islands Company and Commercial Law is the only publication that focuses exclusively on the Cayman Islands. The book provides a deep analytical view of the offshore jurisdiction’s legal landscape as it relates to companies, partnerships, credit and security, mutual funds, insolvency, dispute resolution, taxation, trusts and more.

The Second Edition will keep you fully up-to-date on one of the world’s most utilized corporate jurisdictions. The use of offshore vehicles for international financial transactions and the incorporation of companies is the preference for most entities here in the Asia Pacific region. The Cayman Islands continues to be the ‘hot’ jurisdiction for offshore companies and commercial work, as well as the choice now to set up an offshore financial center.

This new second edition examines and updates the major changes which occurred over the last four years, including:

1. Impact of the new Cayman Islands Limited Liability Companies law since its enactment in 2016 – resulting in 391 Cayman LLCs formed and another 16 transferred by way of continuation from other jurisdictions from 1 July 2016 – 19 May 2017;

2. New supplemental legislation formed in relation to the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations, 2015;

3. New requirement of obtaining professional Indemnity Insurance for those who deal with Trusts, Insurance, Mutual Fund Administration, Securities Investments and Company Managers, Licensees, and Directors;

4. Amended structure for investment funds, etc.

• On the 30th anniversary of the implementation of the CISG, the title provides value added content for students and practitioners alike considering CISG and its intersection with public domestic and international law.
   
• Unique and jurisdictionally relevant thought-leadership content – presents national perspectives.
   
• Provides fresh critiques on core principles as well as forecasting on potential areas for reform.
   
• Multi-country author team providing perspectives from across diverse global jurisdictions as well as contributions from members of the Permanent Court of Arbitration (The Hague) and The Secretariat of the United Nations Commission on International Trade Law (UNCITRAL).

The United Nations Convention on Contracts for the International Sale of Goods (CISG) came into force internationally on 1 January, 1988. 2018 marked the 30th anniversary of its coming into force. So far, CISG has been favourably received by the international community as it helps remove legal barriers for international trade and diminishes uncertainties caused by the private international law system and facilitates contract negotiations in international transactions.

Three fundamental issues are addressed by the CISG:

• the formation of a contract;
• the obligations of the seller; and
• the remedies available to the buyer, and the obligations of the buyer and the remedies available to the seller.

As we celebrate over three decades of this unique experiment at unifying and harmonising the law on international sale contracts and count the increasing membership of the international convention, it is also time to revisit a few specific issues that have arisen from the application of the convention.

• The only authoritative reference source with comprehensive coverage of the British Virgin Islands offshore market

• On the 30th anniversary of the implementation of the CISG, the title provides value added content for students and practitioners alike considering CISG and its intersection with public domestic and international law.
   
• Unique and jurisdictionally relevant thought-leadership content – presents national perspectives.
   
• Provides fresh critiques on core principles as well as forecasting on potential areas for reform.
   
• Multi-country author team providing perspectives from across diverse global jurisdictions as well as contributions from members of the Permanent Court of Arbitration (The Hague) and The Secretariat of the United Nations Commission on International Trade Law (UNCITRAL).

The United Nations Convention on Contracts for the International Sale of Goods (CISG) came into force internationally on 1 January, 1988. 2018 marked the 30th anniversary of its coming into force. So far, CISG has been favourably received by the international community as it helps remove legal barriers for international trade and diminishes uncertainties caused by the private international law system and facilitates contract negotiations in international transactions.

Three fundamental issues are addressed by the CISG:

• the formation of a contract;
• the obligations of the seller; and
• the remedies available to the buyer, and the obligations of the buyer and the remedies available to the seller.

As we celebrate over three decades of this unique experiment at unifying and harmonising the law on international sale contracts and count the increasing membership of the international convention, it is also time to revisit a few specific issues that have arisen from the application of the convention.

Analysis and review of the Trade Descriptions Ordinance (Cap.362), where the amended law has been revised and improved by expanding its coverage to include both goods to services, with the emphasis on banning misleading sales practices to provide greater protection for consumers.

Written by an expert team of pre-eminent practitioners, Bermuda Commercial Law is the only publication that focuses exclusively on the law and practice of Bermuda. This resource provides a deep analytical view of this offshore jurisdiction’s legal landscape as it relates to companies, commercial practice, credit and security, investment funds, insolvency, dispute resolution, taxation and trusts.

For the first time, this places all Bermuda law and authority into one convenient place. The expert team at Harneys has collated the disparate sources of Bermuda law and Supreme Court judgments into a definitive and authoritative text. This is a hugely time-saving and convenient publication for all offshore law practitioners.

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