British Virgin Islands
This advisory summarises the key features of the Law and the Guidelines and their likely impact on closed-ended funds and their managers.
In line with BVI's commitment to stay at the forefront of 'international legislation and EU compliance', the BVI enacted the Mutual Funds (Amendment) ...
The British Virgin Islands government recently passed new legislation affecting the funds industry. In particular, the new BVI Securities and Investment Business (Amendment) Act, 2019 ...
On February 7 of this year, the Private Funds Law, 2020 (the Law), which mandates the registration and regulation of certain closed-ended funds (Funds), ...
The European Council announced on 18 February 2020 that the Cayman Islands has been added to the EU's list of non-cooperative jurisdictions in tax matters (Annex I).
We previously published an article detailing draft legislation named the Private Funds Bill which was published on 8 January 2020 (the 'Bill').
The Cayman Islands has made changes to its Mutual Funds Law which came into law on 7 February 2020.
The Cayman Islands continue to meet and exceed international standards in a proactive and sophisticated manner.
From a Cayman Islands perspective, capital call or subscription line credit facilities generally follow a well-trodden path. This path allows the Cayman Islands aspects of such deals to be agreed and completed efficiently.
Ogier's Fund Finance team has extensive experience in providing legal advice on all types of fund finance transactions across all major financial markets. We regularly provide advice on a range
This is further to our previous Alert issued in January, 2020. Each of these new laws is now effective and they are, in all material terms, as described in our earlier Alert.
The Cayman Islands is changing the way it regulates funds.
On 7 February 2020, the Cayman Islands Government published the Private Funds Law, 2020 and the Private Funds (Savings and Transitional Provisions) Regulations 2020 (together, the "Law").
The proposed amendments to the Mutual Funds Law (2020 Revision) have now been passed into law.
Ropes & Gray LLP
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ELVINGER HOSS PRUSSEN, société anonyme
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