Cayman Islands:
Cayman Islands Unit Trusts - Limited Recourse Language
11 November 2020
Maples Group
To print this article, all you need is to be registered or login on Mondaq.com.
Nick Harrold and Jonathan Silver discuss limited recourse
language - the number one issue for trustees, as well as a critical
issue for investment managers, administrators, custodians and
trading counterparties in Cayman Islands unit trust
transactions.
To listen, click below. Please note that this webcast is
available worldwide and On Demand.
Listen here.
Originally Published By Maples Group, November 2020
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from Cayman Islands
BVI Companies: A Guide
Mourant
The British Virgin Islands (BVI) is a leading offshore financial centre, providing robust yet flexible corporate structures within a politically safe and low cost jurisdiction.
Cayman Economic Substance Updates
Conyers
The Department for International Tax Cooperation ("DITC") has advised that the DITC Portal (which will be used
for a range of regulatory notification and reporting purposes) opened in early November.
Carrying On Business In The Cayman Islands
Mourant
Generally, any person that carries on a trade or business in or from within the Cayman Islands must hold a licence issued under the Trade and Business Licensing Act (as amended) in respect of each location ...
A Fresh Glance At Reflective Loss And Shareholder Remedies
Collas Crill
This is an update of our article of 19 June 2019 to advise that the reflective loss rule no longer applies to claims by creditors, following the Supreme Court's ruling on 15 July 2020 to reverse the Court of Appeal's decision on the cited Marex case.
The Importance Of Escrow
The Sovereign Group
Escrow is the term used when funds or assets are held by a neutral, jointly-appointed third party on behalf of two contracting parties, subject to a transaction being completed between them (typically a contract of sale), ...
