Coronavirus - Government measures in key jurisdictions - Flipbook - Page 25
Cayman Islands
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Property
•
No laws have been amended.
Have any changes •
been made to
the laws around
property, rent and
enforcement?
However, the Cayman Islands Government is urging landlords to be flexible with
tenants. Most Cayman banks have also offered mortgage relief as a result of the
pandemic.
Litigation
•
Yes, the Cayman Courts and Judicial Administration remain fully operational. Measures
and practice directions have been put in place to ensure the continued administration
of justice while protecting the health and safety of the court employees and other
court users, including provision for electronic filing and remote hearings via video
conferencing technology.
•
See our legal update Litigating in the Cayman Islands during these unprecedented times.
•
The latest update from the Cayman Islands Judicial Administration can be accessed here.
Are the courts
operating?
Tax
•
No. The Cayman Islands does not have any direct taxation.
•
Has any new
legislation been
introduced in light
of COVID-19?
See below regarding economic substance.
Company
law matters
The Cayman Islands Registrar of Companies is operating as usual with some minor
changes to adapt to the COVID-19 pandemic.
•
•
Have any measures
been put in place •
to accommodate
social distancing
(such as remote
general meetings)?
Cayman Islands exempted companies are not obliged to hold annual general meetings.
The Cayman Islands Government has taken a number of initiatives to ensure that
‘business as usual’ can continue, such as extending the existing filing deadline
for companies. In addition, the Registrar of Companies will accept affidavits or
other documents that have been notarised/certified online or utilising audio-video
technology during this time.
•
Where board meetings are required to be held virtually during this period, the
Cayman Islands Department for International Tax Cooperation will take that into
consideration, on a case-by-case basis, when determining whether an entity has
passed or failed the economic substance test in its reporting which is due in 2021.
•
Please see our update on Overcoming barriers to completion of corporate
transactions amidst COVID-19-challenges and our Caribbean Regulatory Update.
•
All the most recent Mourant updates relating to COVID-19 are available at Mourant
COVID-19 Updates.
Government measures in key jurisdictions
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