COVID-19 is having a widespread impact on markets and the global economy as businesses struggle with the disruption caused.
The Mutual Funds (Annual Returns) (Amendment) Regulations, 2020 came into effect on 17 March 2020 to further strengthen anti-money laundering and counter financing of terrorism measures in the Cayman Islands.
With the enhancement of Cayman Islands' regulatory framework in the form of the introduction of the International Tax Co-operation (Economic Substance) Law,...
The Cayman Islands is a popular domicile for globally managed private equity, hedge and hybrid funds due to its tax neutral status, flexible structuring options ...
Existing entities which fall within the definition of a Private Fund under the Law have until 7 August 2020 (the 'Transition Period') to register with the Cayman Islands Monetary Authority ('CIMA')
On 7 February, the Cayman Islands Government published the Private Funds Law, 2020 and the Private Funds Regulations 2020.*
Bedell Cristin Cayman Partnership
The Mutual Funds Law applies to funds that issue equity interests that are redeemable at the option of the investor ("open-ended" funds).
Bedell Cristin Cayman Partnership
The Private Funds Law was recently passed into law by the Cayman Islands legislative assembly. The new law will apply to closed-ended investment funds...
Managing Director - Cayman Islands, Richard Gordon and Managing Partner, Kendra Foster walk through the fundamental changes to the regulation of investment funds in the Cayman Islands.
The Cayman Islands has been added to the EU's list of non-cooperative jurisdictions for tax purposes following the EU Member States finance ministers' meeting (EcoFin) on 18 February 2020.
At the ECOFIN meeting this morning the EU finance ministers agreed to add Cayman to the EU list of non-cooperative jurisdictions for tax purposes.
Kirkland & Ellis International LLP
In an EU Press Release issued on 18 February 2020, the ECOFIN committee of the European Union ("EU") resolved to move the Cayman Islands to the EU blacklist of non-cooperative jurisdictions for tax purposes (the "EU Blacklist").
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.
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...
A crucial aspect of any investigation into financial crime is the identification and immobilisation of the assets of the fraudster, wherever they are in the world.