Walkers partner Caroline Williams and associate Theo Lefkos have recently provided Cayman Islands law advice for the 2016 IFLR Mergers and Acquisitions Report.
After much market anticipation, the Cayman Islands recently introduced the Limited Liability Companies Bill 2015 (the LLC Bill). Once passed into law, this will permit the incorporation of Cayman Islands limited liability companies (LLCs) for the first time. A Cayman Islands LLC will be similar to a Delaware LLC and the legislation is heavily modelled on the Delaware statute. The introduction of LLCs in the Cayman Islands will provide additional flexibility in structuring M&A deals. Many of the provisions of the Companies Law that govern the acquisition of Cayman companies have been included in the LLC Bill.
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