Financial Services: Regulatory
Global Guide 2024 : Cayman Islands
Band 1
Email address
[email protected]Contact number
+1 345 949 0100Chambers Review
Walkers has a long-established regulatory practice that is particularly highly regarded for its expertise in Cayman Islands Monetary Authority (CIMA) compliance. This work covers guidance on licensing and registration in addition to AML advice. The firm provides regulatory support to several leading private equity houses and trust companies, assisting with their preparation for strategic reviews and on-site CIMA inspections. The team is well versed in handling regulatory matters concerning data protection, virtual assets and cryptocurrency issues.
Work Highlights
- The Walkers regulatory team assisted Apollo Global Management with various change of control applications, notifications, exemption requests and other CIMA reporting obligations relating to its Cayman fund launches.
Strengths
Provided by Chambers
"The Walkers team is able to guide us through the whole process and quickly address any of our concerns, as well explaining the regulations and the expectations of the regulator."
"The Walkers team is very responsive and understands the urgency of matters. The team does whatever it takes to get the work done."
"I find Walkers' attorneys to be responsive and thorough, and they always explain things in a clear and concise manner."
"Walkers have a good capacity to deal with complex operations, finding options that are best suited for the specific client."
"They take a thoughtful approach and thrive in situations where critical thinking is needed."
"The Walkers team is able to guide us through the whole process and quickly address any of our concerns, as well explaining the regulations and the expectations of the regulator."
"The Walkers team is very responsive and understands the urgency of matters. The team does whatever it takes to get the work done."
"I find Walkers' attorneys to be responsive and thorough, and they always explain things in a clear and concise manner."
"Walkers have a good capacity to deal with complex operations, finding options that are best suited for the specific client."
"They take a thoughtful approach and thrive in situations where critical thinking is needed."
Notable Practitioners
Lucy Frew heads Walkers' global regulatory and risk advisory practice. She is highly sought after for her extensive experience assisting with regulatory impact assessments, as well as advising on compliance with AML regulations, sanctions, the OECD’s economic substance requirements and GDPR. Her clients include banks, insurers and asset managers, as well as fintech companies.
"Lucy Frew has an incredible depth of understanding about Cayman regulations and how they are applied in the market. Her responses are always thoughtful, on-point and easily consumed by non-attorneys."
"Lucy is a pleasure to work with. She is responsive, commercially aware and up to speed on the latest sanctions developments in the Cayman Islands. She provides pragmatic, actionable advice."
"She is highly responsive and provides an in-depth analysis of our regulatory needs. She is able to clearly articulate CIMA's requirements and guidance in a practical manner, outlining our options, and following through for timely completion of all items."
"Lucy has encyclopaedic knowledge, is very easy to work with and knows how to explain complex regulatory matters to clients."
Andrew Howarth is highly regarded for his expertise in dealing with a range of Cayman regulatory matters including CIMA compliance, AML, economic substance matters and data protection. He acts for global investment institutions and several clients in the sphere of digital assets.
"Andrew Howarth is practical and commercial. He understands the intent and expectations of the regulators as well as what market practice is and what expectations are."
"Andrew Howarth provides guidance not only on the text of the regulations, but gives real-world examples of best practices based on regulatory and enforcement patterns."
"Andrew Howarth has been really helpful on a number of cutting-edge initiatives."
Juliana Tang is a senior counsel who advises on an array of regulatory compliance mandates, including AML, economic substance and beneficial ownership matters. Her practice also involves giving regulatory advice in the trust space, as well as assisting with licence applications and CIMA inspections.
"Juliana Tang is highly responsive, and provides detailed, clear legal analysis."
"Juliana Tang adds to the Walkers team's ability to respond quickly and commercially."
Ranked Lawyers at
Walkers (Cayman) LLP
Cayman Islands