The Cayman Islands Monetary Authority (“CIMA”) has changed the application form for the registration of Virtual Asset Service Providers (VASPs) through the REEFS portal. Additionally, CIMA has issued an update to the Rule and Statement of...
It is a core principle of justice in the Cayman Islands that both an Applicant and a Respondent be given an opportunity to address the Court before a Court Order is made. However, in certain circumstances, the Cayman Islands Court does allow an Applicant to apply for a Court Order without notifying the Respondent. These are known as without notice or ex-parte applications.
Stuarts' Partner and Head of Litigation, Richard Annette and Senior Associate, Adam Russell-Knee discuss the duty of full and frank disclosure in the Cayman Islands courts.