Related briefings

Cayman Islands private funds law – change to definition of ‘private fund’

The Private Funds (Amendment) Law, 2020 came into effect on 7 July 2020 and serves to clarify the types of investment vehicles which will be required to register with the Cayman Islands Monetary Authority (CIMA) by a deadline of 7 August 2020 pursuant to the Private Funds Law.The Private Funds (Amendment) Law, 2020 came into effect on 7 July 2020 and serves to clarify the types of investment vehicles which will be required to register with the Cayman Islands Monetary Authority (CIMA) by a deadline of 7 August 2020 pursuant to the Private Funds Law.

Cayman privatizations back in vogue

By David Lamb David Lamb explains how short-form mergers are an attractive route for buy-sides to eliminate the tail-end price risk associated with buying out dissentient minority shareholders, which would potentially make the pricing for the privatization unrealistic. This article was originally published on China Business Law Journal. Click below to access the full article.

Limited partners’ extensive right to true and full information

In the recent judgment of In the Matter of Gulf Investment Corporation et al v. The Port Fund LP et al and the earlier judgment of Dorsey Ventures Limited v. XIO GP Limited, the Cayman Islands Grand Court has provided some welcome clarification regarding the extent of a limited partner’s statutory right to information in an exempted limited partnership.

Cryptocurrencies: 2020 and beyond

As the global leader in alternative investment funds and one of the most innovative financial centres in the world, it is unsurprising that the Cayman Islands has quickly become a popular destination for cryptocurrency vehicles and initial coin offerings (ICOs).

Latest Briefings

Can UK employers claim the furlough grant while employees are on notice? Clarity is required.

Notice Pay during Furlough Leave The latest Treasury Direction for the furlough scheme, updated on 26 June 2020, could modify the effect of the Coronavirus Job Retention Scheme. New wording at paragraph 2.2 may be interpreted to suggest that notice pay cannot be claimed through the scheme. With retrospective application, employers require clarification from HMRC […]

Recommended

Conyers’ London Office Welcomes New Corporate Attorney

Conyers Dill & Pearman has recently expanded its London office with the appointment of Associate Eric Flaye in the corporate practice. Eric joins the Conyers London office from the British Virgin Islands office where he has practiced BVI law since 2015. Eric was recognised as a ‘Next Generation Lawyer’ (Corporate and Commercial, BVI) by Legal […]

outdoor

Kirkland leads on latest CVA for outdoor clothing retailer

Kirkland & Ellis has won a first time restructuring mandate for PAI portfolio company Outdoor & Cycle Concepts, which owns stores such as Cotswold Outdoor, Runners Need and Cycle Surgery. Creditors of Outdoor & Cycle Concepts today approved the terms of a company voluntary arrangement (CVA) at it became the latest high street retailer to […]

Calsonic Kansei acquires Magneti Marelli for EUR 5.8 Billion

A leading Japanese automotive company, Calsonic Kansei acquired Magneti Marelli, a high-tech components manufacturer for the automotive industry, from Fiat Chrysler Automobiles (FCA) for 5.8 billion euros. Karanovic & Partners advised Japan’s Calsonic in this transaction, which represents key milestone in creating a leading global independent automotive sup. The Karanovic & Partners legal team – lead by Partner* Ivan Nonković completed […]

Dublin

Brexit forces Clydes’ hand into Dublin office opening

Clyde & Co has become the latest UK-headquartered law firm to launch in Dublin with the potential impact of Brexit cited as a key influence in its decision. The firm has said that its new Dublin site will allow its Irish law capabilities to continue “seamlessly” after the UK leaves the European Union, which is […]

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