Richard Addlestone

Partner

Richard Addlestone works at Solomon Harris in the Cayman Islands, which has recently merged with Bedell Cristin.  

The two firms are in the process of being fully integrated, and Solomon Harris will be renamed Bedell Cristin in early 2019. To view the profile of Richard Addlestone in the meantime, please click here.

Professional
  • Attorney-at-Law - Cayman Islands
  • Solicitor*- Supreme Court of England  Wales
  • AIMA's Sound Practices Committee 2014

*non-practising

Industry focus
  • Co-authored AIMA’s Fund Director’s Guide
  • Understanding of issues is superb.
    Legal 500 2017
  • Very collegial and professional and has very good understanding of the issues.
    Legal 500 2017
  • Very good at suggesting the variety of options available and their respective pros and cons.
    Legal 500 2017
News/Experience
Five steps to compliance with the Cayman Economic Substance test
15 Jan 2019 Cayman Islands

The Cayman Islands (‘Cayman’) International Tax Co-operation (Economic Substance) Law, 2018 (‘Law’) and International Tax Co-operation (Economic Substance) (Prescribed Dates) Regulations, 2018 (‘Regulations’) came into force on 1 January 2019. Official Gui...

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Cayman economic substance legislation expected to be in force by 1 January 2019
Regulatory & Compliance 18 Dec 2018 Cayman Islands

The Cayman Islands Legislative Assembly is scheduled to debate The International Tax Co-operation (Economic Substance) Bill, 2018 in December 2018.

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Cayman regulation update: New CIMA handbook
Regulatory & Compliance 11 Dec 2018 Cayman Islands

The Cayman Islands Monetary Authority (‘CIMA’) has published its 2018 Edition of its Regulatory Handbook and its Appendices, as well as the latest editions of and amendments to guidance notes and Rules.

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31 December 2018 AML officer deadline: CIMA publishes FAQs for reefs AML forms
Regulatory & Compliance 07 Dec 2018 Cayman Islands

In time to help fund Anti-Money Laundering Officers meet the 31 December 2018 deadline for regulated funds to notify the Cayman Islands Monetary Authority of their appointment of AML Officers, CIMA has published answers to Frequently Asked Questions on matt...

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Cayman government advisory on OECD substantial activity requirements
Regulatory & Compliance 27 Nov 2018 Cayman Islands

The Cayman Islands (‘Cayman’) Government (‘CIG’) has issued an Industry Advisory that the Organisation for Economic Co-operation and Development (‘OECD’) has confirmed that it had extended the ‘substantial activities’ requirement to ‘no or only nominal tax’...

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Solomon Harris and Bedell Cristin to attend Cayman Captive Forum 27-29 November 2018
Insurance & Reinsurance 20 Nov 2018 Cayman Islands Guernsey

Rob Humphries, Nick Reid, Richard Addlestone and Richard Sharp from recently merged law firms Solomon Harris and Bedell Cristin will be attending the Cayman Captive Forum at the Ritz Carlton, Grand Cayman from 27-29 November 2018.

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FATF adds new definitions of virtual assets and virtual asset providers to its international standard recommendations
Regulatory & Compliance 29 Oct 2018 Cayman Islands

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The European Securities Management Authority updates its Q&As on AIFMD, MiFID and MiFIR
Funds & Investment Structures 25 Oct 2018 Jersey London Guernsey Cayman Islands

At the beginning of October 2018 the European Securities Management Authority (‘ESMA’) published several new Question and Answer (‘Q&A’) documents which will be of interest to those in the funds industry.

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