Yun Sheng

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…

Subscription credit facilities – also known as “sub-lines” or “capital call facilities” – have gained prominence in recent years as flexible financing options for private equity sponsors and fund managers operating within the Cayman Islands and British Virgin Islands (BVI). This article highlights key features, legal considerations and…

We look briefly at how an application can be made to the court in the British Virgin Islands (BVI) to restore a BVI company to the Register of Companies (Register), and aims to provide some practical insight into the restoration process.

Fiat currency transactions – What rules and restrictions govern the exchange of fiat currency and cryptoassets?