Private Equity Multi-jurisdictional Guide: Introduction of the New ELP Law and the Contracts (Rights of Third Parties) Law 2014

The Cayman Islands is a leading offshore jurisdiction for investment funds known for its investor friendly regulations, tax neutrality, robust legal framework, regulatory environment, professional services infrastructure and global reach. It offers significant benefits, including no corporate income tax, capital gains tax or inheritance tax, making it attractive...

Exempted limited partnerships (“ELPs”) are a form of Cayman Islands partnership which are commonly used in investment fund structures, particularly closed-ended private investment funds. This can be contrasted with open-ended mutual funds which are typically structured using a Cayman Islands exempted company.

This article will provide a general overview of the steps involved in the formation and running of a closed-ended investment fund in the Cayman Islands pursuant to the Private Funds Act (As Revised) (the “Act”). Whilst there are no statutory requirements as to the type of legal entity...

Among the many investment fund structures provided by the Financial Services Commission (“FSC”) of the British Virgin Islands (“BVI”) under the Securities and Investment Business Act (As Revised) of the BVI, Approved Funds and Incubator Funds have for a number of years been very attractive options for Start-up...