This rapidly changing situation is presenting challenges for organisations globally and we would like to assure you that we are here to support your needs.
If you have any specific questions or require more information, please reach out to your usual Maples Group contacts or any of those listed below.
Cayman Islands Updates
COVID-19 Measures and Beneficial Ownership
An update on certain measures of particular relevance to the financial services industry adopted by the Cayman Islands Government in response to COVID-19.
Further Financial Services Deadline Extensions
The Cayman Islands Government has granted further filing extensions in respect of the financial services industry.
Additional Financial Services Concessions
On 13 April 2020, The Cayman Islands Ministry of Financial Services and CIMA introduced additional policy concessions and filing extensions.
Funds and Term ABS Loan Facility
On 23 March 2020, the Federal Reserve announced it is re-establishing the Term Asset-Backed Securities Loan Facility.
On 20 March 2020, the Cayman Islands Ministry of Financial Services issued an industry advisory for the COVID-19 pandemic.
Ireland's Economic Stimulus Response to COVID-19 - the Key Tax Measures
In the same week as the EU stimulus package was agreed, the Irish Government has announced a series of measures to support the Irish economy, assist business and promote employment in response to the COVID-19 pandemic.
Management Equity Incentive Plans - Key Considerations
Attracting, motivating and retaining staff is one of the critical challenges many businesses face. In light of cash flow constraints arising as a result of COVID-19, many employers are looking at alternative ways to ensure key employees are incentivised to perform and grow value in the business, and equity plans can often be a suitable tool to assist with this.
Support Extended Credit Guarantee Scheme and New Pandemic Fund
On 2 May 2020 the Irish Government agreed a suite of important measures to further support affected small, medium and larger businesses. These include a €2 billion COVID-19 Credit Guarantee Scheme to support bank lending to small and medium sized enterprises and a new €2 billion Pandemic Stabilisation and Recovery Fund to support medium and large enterprises.
Preparing to Return to the Workplace - Guidance for Employers in Ireland
The Irish Government's COVID-19 Specific National Protocol for Employers and Workers (the "Protocol") was published on Friday, 8 May. The Protocol sets a high bar for employers who are preparing to re-open their workplaces in the coming weeks and months as outlined in the Roadmap to Re-Opening Ireland.
The Impact of Covid-19 on Work Permit and Visa Applications
As part of the Irish Government's response to COVID-19, a number of important announcements which involve exceptional changes to usual immigration rules have been published.
Support Schemes in Place for Employers and Employees
Karen Killalea, head of our Employment team in Dublin, provides an analysis of all of the temporary support schemes introduced by the Irish Government for employers and employees in response to COVID-19.
Considerations for Commercial Landlords and Tenants
The provisions of a particular commercial lease always need to be considered in order to determine the obligations of landlords and tenants during a crisis such as COVID-19.
E-Signature Requirements for Corporate Entities
COVID-19 is a global health crisis. It has also caused considerable volatility and disruption to the financial markets, which will have a radical impact on the corporate landscape for a prolonged period.
Electronic Signatures and Requirements for Original Documents
This update examines the impact that recent COVID-19 restrictions in Ireland will have on transactions/fund launches, in particular, the inability to execute material contracts with wet ink/original signatures and the use of electronic signatures in contracts generally.
New Irish Emergency Measures
The Health (Preservation and Protection and other Emergency Measures in the Public Interest) Act 2020 (the "Act") was passed by both houses of the Oireachtas (the Irish Parliament) and was signed into law by the President on 20 March 2020.
Tax Residence Considerations In Light Of COVID-19 Travel Restrictions
The outbreak of COVID-19 has resulted in a unique and alarming health crisis. In addition to the health aspects, there will be a significant economic impact worldwide.
Updated Guidance for Employers in Ireland.
Contingency Planning For the Workplace in Ireland
In this update, we look at the preparations that employers in Ireland should be making and answer some of the key questions around pay and benefits if more aggressive containment measures need to be enforced to protect public health.
Simon Hopwood and Stephanie Edge discuss the impact, challenges and issues faced by the Jersey funds industry as a consequence of COVID-19.
On 20 March 2020, exceptional temporary measures were introduced to maintain and facilitate good governance.
Tax Administration Emergency Support Measures
On 17 March 2020, the Luxembourg tax administration released a newsletter which details support measures for Luxembourg taxpayers who may be impacted by the COVID-19 pandemic.
British Virgin Islands Updates
Maples Group Acts in BVI Commercial Court's First Remote Trial
The trial was conducted completely via remote means and was the first of its kind in the BVI.
BVI CbCR Reporting System and FATCA / CRS Deadlines Extended
The BVI ITA announced it is accepting electronic CbCR filings and FATCA / CRS deadline extensions.
LocationsCayman Islands | Dublin | Luxembourg | British Virgin Islands
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The Maples Group has comprehensive, jurisdictionally specific, pandemic plans in place. This is a summary of the preventative measures that we are taking.
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