法律快讯

The Private Funds Law, 2020 (the “Law”) which came into force on 7th February 2020 requires all private funds (e.g. Private Equity funds, Real Estate funds, Venture Capital funds, and certain Private Credit funds) which fall within its scope which were either (i) launched prior to 7th February…

Download our Cayman Law Update Document. In this issue: The Contracts (Rights of Third Parties) Bill, 2014 proposes changes to Cayman contract law Proposed introduction of a new Exempted Limited Partnership Law

A liquidator of a British Virgin Islands (“BVI”) company which is in insolvent liquidation can make various applications against current directors or former directors of the company. This includes any shadow or de facto directors. The relevant legislation is the Insolvency Act 2003 (as amended). This Briefing sets…

with the Cayman Islands Monetary Authority before the 7th August 2020 Deadline? Further to our earlier legal update on Section 4(4) Funds registration with CIMA, Cayman Islands’ mutual funds which are currently exempted from registration with the Cayman Islands Monetary Authority (“CIMA”) under Section 4(4) of the Mutual…

The primary legislation regulating mutual funds in the Cayman Islands is the Mutual Funds Law (As Revised) (the “Funds Law”) and accompanying regulations, including the Retail Mutual Funds (Japan) Regulations (As Revised) which generally apply to investment funds licensed under the Funds Law (licensed funds) where the securities…

A liquidator of a British Virgin Islands (“BVI”) company which is in insolvent liquidation can make various applications against current directors or former directors of the company. This includes any shadow or de facto directors. The relevant legislation is the Insolvency Act 2003 (as amended). This Briefing sets…

The Securities Investment Business (Registration and Deregistration) Regulations, 2019 (the “Regulations”) published on 24 October 2019 bring much needed clarifications with respect to the new regime of Registered Persons under the Securities Investment Business Law (2019 Revision) as amended (“SIBL”). While most Cayman Islands investment managers and investment…

The Privy Council judgment in Bermuda Bar Council v Walkers (Bermuda) Ltd delivered on 10 June 2019 recently clarified the longstanding “60:40 rule” in respect of local companies in Bermuda, which could also have a wider economic impact on local companies in the Cayman Islands and their ability to access…