Cayman Islands

1. Updates on the Beneficial Ownership Regime
2. Anti-Money Laundering (Amendment) Regulations, 2024
3. Proceeds of Crime (Amendment) Act, 2023
4. Insolvency Practitioners (Amendment) Regulations, 2024
5. Cayman Islands Monetary Authority Updates
6. Perpetuities (Amendment) Bill, 2024
7. New Reporting Requirements of the FRA under the Russia Sanctions Regime
8. CRS Reportable Jurisdictions

British Virgin Islands

1. Consultation on amendments to the BVI Business Companies Act
2. Changes to Economic Substance Rules
3. 2024 Regulatory Calendar

Click here to access the Update: Caribbean Regulatory Update Q2 2024

Campbells advises both local and international banks, insurers, company managers, trust companies, investment managers, administrators and directors on regulatory and compliance matters. For further information please get in touch with your usual Campbells contact or one of the contacts below.

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Hong Kong based Corporate and Finance attorneys Robert Searle, Paul Trewartha and James McKeon led the deal on behalf of Campbells. “We are pleased to enable a productive partnership and synergy between the two companies, and continually look forward to creating significant value for our clients,” said Robert Searle, Partner.

ADM Capital is a leading private credit fund manager, focused on providing flexible, tailored credit solutions to mid-market corporates and entrepreneurs across Asia-Pacific.  Seviora Group is a Singapore-headquartered independent asset management group with US$52 billion in assets under management, wholly owned by Temasek.

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Please get in touch with your usual Campbells contact if you have any questions.

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Tyanna will be working as an associate in the Corporate Department and will specialise in property matters. When asked about how she feels about her new role Tyanna says: “I am delighted to take this next step with Campbells’ property team and look forward to continuing to develop professionally throughout my legal career.”

Tyanna joined Campbells in August 2019 as a paralegal in the shipping department but also provided support to the property team. She commenced her Articles of Clerkship with the Firm in August 2022. Tyanna is a graduate of the University of Kent where she was awarded an LLB with Honours. She also gained her Postgraduate Diploma in Legal Practice with Distinction from Truman Bodden Law School/Oxford Brookes University in 2022. Tyanna is also an active member of the football community and Elite Sports Club. She recently represented the Cayman Islands Senior National Women’s Football Team in international competition.

“We are pleased that Tyanna has been called to the Cayman Bar and are proud of her accomplishments to date. She is a hardworking, experienced individual and an asset to the firm,” says Managing Partner, Alan Craig. “We look forward to seeing Tyanna continue to develop her legal career in the coming years.”

Campbells is proud to support Caymanians pursuing the study and practice of law and offers a comprehensive Articled Clerk training programme. Campbells’ 18-month training program consists of carefully monitored rotations between different departments and ensures recipients receive active mentorship and a wide breadth of experience across all departments.

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“The commencement of Articles is a recognition of Kisha’s hard work and academic achievement to date. As a firm we look to identify, recruit and retain the most talented individuals and we believe that Kisha has the skill set and potential to develop into a successful attorney”, said Partner, Liam Faulkner. “Identifying the most promising Caymanian candidates for this programme is extremely important to the Firm. We look forward to seeing Kisha grow within and alongside our team and take advantage of this opportunity.”

Campbells is proud to continue its commitment to supporting Caymanians pursuing the study and practice of law and, in addition to offering a comprehensive Articled Clerk training programme, the Firm offers scholarships and summer internships. The 18-month training programme consists of rotations between different practice areas and ensures recipients receive active mentorship and a wide breadth of experience across all departments.

About Campbells Articled Clerk Programme

The Campbells Articled Clerk Training Programme offers legal and professional development to qualifying Caymanians wishing to further their career in law. It provides students with the opportunity to develop their skills and knowledge by working with experienced attorneys and participate in a leading professional programme.

About Campbells

Campbells is a leading full service offshore law firm established more than 50 years ago.  From our offices in the Cayman Islands, the British Virgin Islands and Hong Kong we provide comprehensive corporate and litigation advice and services to clients worldwide in relation to Cayman Islands and British Virgin Islands law. We are regularly trusted to advise some of the most prominent names in finance, investment and insurance and we are frequently involved in the largest and most complex transactions, disputes and insolvencies in both jurisdictions.

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Cayman Islands

1. Cayman Islands removal from EU and UK AML Lists
2. Companies (Amendment) Act, 2024
3. Proceeds of Crime (Amendment) Act, 2023 (Commencement) Order, 2024
4. Russia (Sanctions) (Overseas Territories) (Amendment) Order, 2024
5. Virtual Asset Service Provider Act Consultation
6. CIMA Consultation – Recruitment and Selection Standards for Trust and Company Service Providers

British Virgin Islands

1. Mutual Evaluation Report
2. BVI removed from French tax blacklist
3. 2024 Annual fee regarding FACTA, CRS and CbCR
4. Whistleblowers Act brought into force
5. Updates to CRS Participating Jurisdictions and CRS Reporting Jurisdiction Lists

Click here to access the Update: Cayman Islands and BVI Regulatory Update Q1 2024

Campbells advises both local and international banks, insurers, company managers, trust companies, investment managers, administrators and directors on regulatory and compliance matters. For further information please get in touch with your usual Campbells contact or one of the contacts below.

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The proposed merger transaction involves, among others, a wholly-owned subsidiary of Aptorum incorporated under the laws of the British Virgin Islands (“Merger Sub”) merges with and into YOOV; and the merger is considered a “reverse merger” since the shareholders of YOOV will control and own a majority stake of Aptorum following the merger. As such, the merger is subject to NASDAQ’s approval of the combined company’s initial listing application.

Aptorum is a Nasdaq-listed clinical-stage biopharmaceutical company. It is engaged in the discovery, development, and commercialization of therapeutic assets to treat diseases with unmet medical needs, particularly in oncology (including orphan oncology indications) and infectious diseases.

YOOV is a business artificial intelligence (AI) and automation platform that goes beyond traditional automation by applying advanced AI techniques to optimize various aspects of business operations.

The Campbells team was led by Jenny Nip, our Partner and Head of China Practice in our Hong Kong office with the support from our legal manager Chantelle Chan.

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Peter’s time at our Cayman office in the 1980s marked a pivotal period in our history, where he played a vital role at Campbells – then known as “Bruce Campbell & Co.”. Peter quietly became one of the pioneering figures in the Cayman Islands, helping shape the landscape of the legal industry, contributing thoughtfully and effectively to its growth and integrity. He was known for his quick-witted humour, integrity, diligence, and the respectful way he engaged with both his work and his colleagues.

Peter will be greatly missed by many in the Cayman Islands community.

Please refer to the following announcement for further details : Community Announcement

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The move was necessary to accommodate the fast-paced growth of our Asian-based practice, which now comprises 24 staff members in total, 15 of which are attorneys across the Corporate and Litigation practices.

“This is our second move to larger premises in less than three years, reflecting our expanding team and commitment to Hong Kong, and driven by client demand,” says Shaun Folpp, Managing Partner of the Hong Kong office.

Our phone numbers and email addresses remain the same. Our new address is 3002-04, 30/F Gloucester Tower, The Landmark, 15 Queen’s Road Central, Hong Kong.

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Paul joins our highly experienced Asian-based corporate team, led by Robert Searle. Paul advises on a wide range of banking and finance matters, including all forms of debt finance, structured finance and debt capital market transactions including a broad spectrum of cross-border matters such as take-private financings, private capital investment, margin loans, structured product issuances, OTC derivatives, acquisition and leveraged finance, asset finance, fund finance and general corporate lending and bond issuances.

Robert Searle commented, “We are delighted to welcome an exceptional new attorney to our partnership. Paul is well known within the market and brings with him a wealth of experience. His unique skills set will complement our existing banking and finance offering well and will bring the number of corporate partners in our Hong Kong office to four. Welcome to the team, Paul!”

Hong Kong Managing Partner, Shaun Folpp, added, “Paul and I previously worked together for a number of years and I’m excited that he has now decided to join me and the rest of the team at Campbells.  Despite challenging market conditions, the team continues to grow across all practice areas, and I expect that growth to continue going forward.  Paul is a fantastic addition to the team.”

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