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As part of its measures to support the local and international financial services industry during the COVID-19 pandemic, the Cayman Islands (“Cayman”) Government has deferred the deadline for payment of annual return fees for all corporate entities and exempted liability partnerships (“ELPs”) until 30 June.
In March 2020 the BVI Commercial Court ("BVI Court") handed down the first written judgment on the subject of overseas applicants asking for third party disclosure orders ("Norwich Pharmacal" orders) against entities doing business in the Territory of the Virgin Islands ("BVI"). The decision by Wallbank J in K&S v Z&Z BVIHCM(COM) 2020/0016 ("K&S") confirmed that the BVI Court does have equitable jurisdiction to grant Norwich Pharmacal disclosure orders even though BVI has a statutory regime for obtaining evidence for use in foreign proceedings.
Bedell Cristin in Jersey has facilitated its first swearing of a virtual affidavit, executed via video conferencing to honour the government’s social distancing guidelines, in accordance with the Affidavits (Advocates and Solicitors) (Jersey) Law 1992.
The Cayman Islands (“Cayman”) Ministry of Financial Services (“Ministry”) has issued an Industry Advisory (“IA”) to address matters as part of its business continuity plans in the face of the coronavirus (“Covid-19”) pandemic.