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02/04/2025 | hsmoffice

Kerrie Cox Rejoins HSM Partnership, Bringing New Expertise

The HSM Group is pleased to announce that Kerrie Cox has rejoined HSM Chambers as a Partner to lead the firm’s Litigation and Insolvency practice. Kerrie practiced as a Barrister in the UK for over 12 years, before being admitted Read more +

17/03/2025 | hsmoffice

HSM Recognised as a Chamber Champion for 2024 Sponsorship

HSM is proud to be recognised again as a Chamber Champion Advocate at the Cayman Islands Chamber of Commerce Annual General Meeting on 12 March 2025 at Hotel Indigo Grand Cayman. For the fifth year in a row, HSM’s recognition Read more +

28/02/2025 | hsmoffice

UK Privy Council Considers a Declaration of Incompatibility Regarding the Cayman Islands’ Immigration Act

On 3 February 2025, the Privy Council in London considered a Declaration of Incompatibility made by the Cayman Islands Court of Appeal in respect to Section 37 (3) of the Immigration (Transition) Act (2021 Revision). This section of the Act Read more +

17/02/2025 | hsmoffice

Chambers and Partners Features HSM Group in Global Legal Guide 2025

The HSM Group is pleased to be featured by Chambers & Partners in their 2025 Global Legal Guide. Our Intellectual property practice, HSM IP, has once again been ranked as a top tier law firm in their Global (Caribbean-Wide) Intellectual Read more +

Cayman Pension Update as a Result of COVID-19

In what will be seen by some as a welcome measure by the Cayman Islands’ Government, the Premier announced two proposed legislative changes to the National Pensions Law (2012 Revision) during the daily COVID-19 press conference on April 20 2020.

Firstly there would be a 6 month pension ‘holiday’ which would operate retroactively from April 1 2020. This means that pension contributions paid by both the employer and employee would be suspended during the period until November 1 2020.

Secondly, ‘eligible’ persons will be permitted to withdraw up to 100% of the commuted value of their pensions which will be capped at CI$10,000. Those persons with a commuted pension value of over CI$10,000 may withdraw an additional 25% of their remaining pension pot.

For example, an individual who has a commuted pension value of CI$100,000, may withdraw CI$10,000 + (25% x CI$90,000) = CI$32,500.

Withdrawals will be taken as a single lump sum and the proposed scheme applies to anyone contributing to a private pension. It does not, however, apply to those persons currently drawing on their pensions.

Cabinet will be considering the proposed changes and the corresponding legislation will be placed before the Legislative Assembly on Wednesday (April 22 2020)/Thursday (April 23 2020) before passing into law. The mechanics of the application process has not yet been set out.