July 2024 | Insights & Resources, Newsletters
Regulatory & Risk Advisory Review: Cayman Islands – April to June 2024
Welcome to the second instalment of 2024 of the Regulatory & Risk Advisory Review.
The ever-changing global regulatory landscape presents increasing challenges for your business. Conyers has the market-leading experience and insights you need to resolve your most challenging regulatory matters.
Conyers’ team of Regulatory Disputes experts work hand in hand with our Regulatory & Risk Advisory practice to deliver a full service offering across the entirety of the regulatory life cycle. Our team includes former prosecutors and regulators, as well as regulatory enforcement specialists who have acted extensively for and against regulators.
Our Services
We support our clients through high value, high profile and challenging regulatory disputes, including those involving multiple regulators and jurisdictions. We know how to harness technology and build relationships to swiftly and efficiently respond to compulsory notices, contain issues and resolve contentious matters. We are forward-thinking and see the bigger picture.
Our Clients
Our team understands your business and has advised a wide range of financial services and other clients on regulatory matters.
Highlight Cases
Our regulatory disputes specialists have a broad range of relevant experience, including acting in the following matters.
- Acting for investment funds and professional service providers in relation to disputes with regulators.
- Acting for multiple multinational companies in cross-border and multi-regulator investigations concerning allegations of bribery, corruption and fraud.
- Responding to Production Orders issued by the Royal Cayman Islands Police Service (RCIPS) under the Proceeds of Crime Act and Criminal Justice (International Cooperation) Act.
- Advised high profile clients on their obligations under the Cayman Mutual Assistance Treaty with the United States.
- Responding to information disclosure requests from the Cayman Islands Monetary Authority (CIMA) and related overseas regulators.
- Acting in various judicial review proceedings challenging regulatory decisions, both for and against the regulator.
- Regularly advising clients in relation to their competing obligations of disclosure under regulatory laws and maintaining confidentiality, including under the Confidential Information Disclosure Act.
- Responding on behalf of regulated entities to complaints made to CIMA about their conduct.
- Advising an investment manager on a large scale CIMA remediation following an onsite inspection.
- Advising clients on responses to Data Subject Access Requests issued under the Data Protection Act.
- Appearing and advising in matters before the Ombudsman relating to data protection breaches.
- Engaging in settlement negotiations and achieving resolutions with various regulatory bodies.