Stuarts Humphries
FinTech Guide 2024
About
Firm Overview:
Stuarts Walker Hersant Humphries is a client-oriented offshore legal practice offering fully integrated corporate and commercial legal advice from its experienced attorneys. The firm provides timely, exceptional legal advice and representation to its clients.
Cryptocurrency, Blockchain and Web3 Legal Services:
As a boutique Cayman Islands legal practice specialising in the funds industry, Stuarts Law has decades of experience in helping a wide range of clients from all over the world to carry out their business effectively in the digital assets market. Stuarts has particular experience handling the challenges involved in dealing with cryptocurrency, offering tailored expertise to allow you to efficiently achieve your goals and add value to your business.
The Cayman Islands has fast become one of the leading markets for cryptocurrency funds, Web 3 projects, Token Offerings, and other digital and blockchain products in part due to its attractive regulatory environment. However, there are a number of key legal issues involved in dealing with cryptocurrency in the Cayman Islands, so it is critical to have experienced, expert advice before establishing a cryptocurrency fund or Token Offerings vehiclein the Cayman Islands.
Stuarts' Digital, Web 3, Blockchain and Fintech Team in the Cayman Islands have particular expertise in areas including:
- advising investment funds, administrators and other service providers on the use of Blockchain technology and smart contracts;
- advising on the establishment of ‘crypto related funds’ in the Cayman Islands;
- advising onToken Offerings and establishing Cayman Islands Companies and Foundations to conduct Token Offeringsand other digital products;
- incorporating Cayman Islands companies to hold Cryptocurrencies (such as bitcoin, ether, litecoin etc);
- advising cryptocurrency funds and vehicles on the anti-money laundering regulations and ‘Know Your Client’ challenges associated with accepting bitcoin, ether and other Cryptocurrencies as a means of payment of subscription monies; and
- advising on how changes to participants and service providers can be reflected once a Blockchain or smart contract is launched.
Stuarts' proven track record in advising leading international Law Firms, Investment Managers, Investment Companies and High-Net-Worth individuals is a result of the deep understanding of our markets.
The team at Stuarts strive to build and maintain lasting relationships with their clients through the combined legal expertise and business acumen of their practice groups and by providing outstanding service.
Ranked Offices
Provided by Stuarts Humphries
- Grand CaymanKensington House 69 Dr Roy’s Drive PO Box 2510 , Grand Cayman, Grand Cayman, Cayman Islands, KY1-1104
- Web: www.stuartslaw.com
- Tel: +345 949 3344
- Fax: +345 949 2888
- View ranked office
Contributions
Latest contributions provided by Stuarts Humphries
Stuarts Humphries rankings
Articles, highlights and press releases
14 items provided by Stuarts Humphries
Economic Substance Requirements for Fund Managers
This Guidance Note summarises the main elements of the Economic Substance Act as it relates to investment funds, fund managers and other entities registered as registered persons under the Securities Investment Business Act (Revised) (the “SIBA”).
AML Officers in the Cayman Islands
The Cayman AML Regime requires that Cayman Islands Financial Service Providers (“FSPs”) appoint AML Officers and each of those persons to comply with specific roles and responsibilities. This article summarises the four (4) AML roles required and their obligations.
Anti-Money Laundering Obligations for Cayman Islands Funds
The principal legislation in the Cayman Islands which seeks to combat money laundering and the financing of terrorism is The Proceeds of Crime Act (2020 Revision) (the “PCA”) and The Anti-Money Laundering Regulations (as amended) (the “Regulations”).
Empowering Web3 Expansion through Innovative Legislation
innovative legislation is pushing the boundaries of possibilities for Web3, DAO and De-Fi (more generally termed as, "virtual assets"). Managing Director, Chris Humphries and Partner, Jonathan McLean take a look at how the Cayman Islands has emerged as a leader in this digital revolution.
Cayman Islands Duty of Full and Frank Disclosure
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.
Registration of a Foreign Company in the Cayman Islands
The Companies Law (as Revised) (the “Companies Law”) provides for the registration of foreign companies in the Cayman Islands.
Fund Registration in the Cayman Islands
The Cayman Islands has become the leading offshore jurisdiction for the establishment of mutual funds and private funds. This article highlights the key things to know about registering a fund in the Cayman Islands.
Cayman Structures for Crypto, Web3 and Blockchain Entities
This article examines the common structures used for Crypto, Blockchain and Web3 entities seen in the current marketplace in the Cayman Islands.
Using Side Letters in Private Equity
Side letters allow for the private equity fund to provide key investors with special contractual rights or privileges.
Powers of the Founder of Cayman Foundation Companies
Founders of a Foundation Company also have distinct powers unique to this kind of structure. In this article, we will discuss the Foundation Companies in the Cayman Islands and the specific rights and powers that the Founders have under the Act.
The Private Funds (Amendment) Law 2020
On 7 July 2020, the Government of the Cayman Islands passed the Private Funds (Amendment) Law, 2020.
New Regulatory Regime for Exempted Funds and Private Funds
On 8 January 2020, the Government of the Cayman Islands published a draft Private Funds Bill, 2020 (the “Private Funds Bill”) and simultaneously a draft Mutual Funds (Amendment) Bill, 2020 (the “Mutual Funds Bill” and together with the Private Funds Bill the "Bills").
The International Tax Co-operation (Economic Substance) Law, 2018
On 1 January 2019, the Cayman Islands introduced The International Tax Co-operation (Economic Substance) Law, 2018 (the “Law”). The Law has been issued in response to the Cayman Islands’ commitment to the global initiative to combat base erosion and profit shifting.
Data Protection Law, 2017 In Effect
The Cayman Islands Data Protection Law, 2017 (the "DPL"), came into effect on 30 September 2019.
Economic Substance Requirements for Fund Managers
This Guidance Note summarises the main elements of the Economic Substance Act as it relates to investment funds, fund managers and other entities registered as registered persons under the Securities Investment Business Act (Revised) (the “SIBA”).
AML Officers in the Cayman Islands
The Cayman AML Regime requires that Cayman Islands Financial Service Providers (“FSPs”) appoint AML Officers and each of those persons to comply with specific roles and responsibilities. This article summarises the four (4) AML roles required and their obligations.
Anti-Money Laundering Obligations for Cayman Islands Funds
The principal legislation in the Cayman Islands which seeks to combat money laundering and the financing of terrorism is The Proceeds of Crime Act (2020 Revision) (the “PCA”) and The Anti-Money Laundering Regulations (as amended) (the “Regulations”).
Empowering Web3 Expansion through Innovative Legislation
innovative legislation is pushing the boundaries of possibilities for Web3, DAO and De-Fi (more generally termed as, "virtual assets"). Managing Director, Chris Humphries and Partner, Jonathan McLean take a look at how the Cayman Islands has emerged as a leader in this digital revolution.
Cayman Islands Duty of Full and Frank Disclosure
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.
Registration of a Foreign Company in the Cayman Islands
The Companies Law (as Revised) (the “Companies Law”) provides for the registration of foreign companies in the Cayman Islands.
Fund Registration in the Cayman Islands
The Cayman Islands has become the leading offshore jurisdiction for the establishment of mutual funds and private funds. This article highlights the key things to know about registering a fund in the Cayman Islands.
Cayman Structures for Crypto, Web3 and Blockchain Entities
This article examines the common structures used for Crypto, Blockchain and Web3 entities seen in the current marketplace in the Cayman Islands.
Using Side Letters in Private Equity
Side letters allow for the private equity fund to provide key investors with special contractual rights or privileges.
Powers of the Founder of Cayman Foundation Companies
Founders of a Foundation Company also have distinct powers unique to this kind of structure. In this article, we will discuss the Foundation Companies in the Cayman Islands and the specific rights and powers that the Founders have under the Act.
The Private Funds (Amendment) Law 2020
On 7 July 2020, the Government of the Cayman Islands passed the Private Funds (Amendment) Law, 2020.
New Regulatory Regime for Exempted Funds and Private Funds
On 8 January 2020, the Government of the Cayman Islands published a draft Private Funds Bill, 2020 (the “Private Funds Bill”) and simultaneously a draft Mutual Funds (Amendment) Bill, 2020 (the “Mutual Funds Bill” and together with the Private Funds Bill the "Bills").
The International Tax Co-operation (Economic Substance) Law, 2018
On 1 January 2019, the Cayman Islands introduced The International Tax Co-operation (Economic Substance) Law, 2018 (the “Law”). The Law has been issued in response to the Cayman Islands’ commitment to the global initiative to combat base erosion and profit shifting.
Data Protection Law, 2017 In Effect
The Cayman Islands Data Protection Law, 2017 (the "DPL"), came into effect on 30 September 2019.