Worldwide: Directors and Officers

The Cayman Islands operates as a common law jurisdiction based on the English model, offering diverse corporate vehicles including exempted companies, limited liability companies, and exempted limited partnerships. With no income, corporate, or capital gains taxes, the jurisdiction provides flexible structures for international business operations while maintaining robust regulatory frameworks for corporate governance, employment law, and anti-money laundering compliance.

On April 17, 2026, the Division of Corporation Finance issued a no-action letter to Tower Semiconductor Ltd., an Israeli foreign private issuer (Tower), extending until May 29, 2026 the date through which Tower’s directors and officers may fail to file required Section 16(a) reports without leading the Division of Corporation Finance to recommend enforcement action to the SEC. The Division had previously granted no-action relief for failures to file until April 20, 2026.

The AI Act and GDPR share fundamental regulatory philosophies—risk-based frameworks, accountability principles, and transparency requirements—yet they diverge in critical ways that demand careful navigation.

In February, the Securities and Exchange Commission’s ("SEC's") Division of Corporation Finance issued several new or revised Compliance and Disclosure Interpretations...

Thinking of paying dividends from your British Virgin Islands ("BVI") company? Subject to compliance with the applicable statutory solvency test and any restrictions contained in a company's memorandum and articles...

The staff of the Division of Corporation Finance (Staff) of the U.S. Securities and Exchange Commission (SEC) has published two FAQs that provide temporary, short-term, no-action relief for directors and officers of foreign private issuers (FPIs)...

Corporate boards are busier than ever, and governance arrangements continue to adapt to meet expanding expectations.

Five or more people can form a New Hampshire nonprofit by filing Articles of Agreement with the Office of the New Hampshire Secretary of State.

In welcome news, the SEC has determined that Canadian insider reporting requirements are substantially similar to the requirements under U.S. federal securities...