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).
Cayman Finance fully supports actions being taken by the Cayman Islands Government to constructively engage with European Union officials with an aim to reverse an EU decision to include the jurisdiction on a list of non-cooperative jurisdictions for tax purposes.
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.
Cayman Islands Government
The Cayman Islands Government notes the publication of the Tax Justice Network's (TJN) latest secrecy index.
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.
In a recent decision of the English Commercial Court, in Alafco Irish Aircraft Leasing Sixteen Ltd v. Hong Kong Airlines Ltd  EWHC 3668 (Comm), it was ordered that costs of proceedings are to be assessed ...
On January 8, 2020 the Cayman Islands Government published the Private Funds Bill, 2020 (the "Bill").
Cayman Islands Government
Today, the Cayman Islands Government has taken the next step in the modernisation of legislation around its beneficial ownership regime, with the intent of bringing the jurisdiction in line with the latest round of ...
The Cayman Islands continues to strengthen its legal and regulatory framework relating to the provision of international financial services.
On 8 January 2020 the Cayman Islands published draft legislation named the Private Funds Bill (the 'Bill').
As the drive to act on EU and international recommendations continues to gather pace, the Cayman Islands Government began the New Year with their much-anticipated move to introduce...
Ropes & Gray LLP
The Cayman Islands has been placed on the EU list of non-cooperative tax jurisdictions as a result of a failure to introduce new laws relating to private funds...