Related briefings

Borrowers experience speed bump in road to compliance – expanded scope of Cayman private funds law

By now most fund finance professionals would likely choose an afternoon in the dentist’s chair over a discussion about the Cayman Islands Private Funds Law, 2020. Borrowers unfortunately experienced a speed bump in the road to compliance this week with the introduction by the Cayman Islands Government of an amendment to the PF Law which significantly increases the number of entities which will need to register with the Cayman Islands Monetary Authority (CIMA) by 7 August 2020.

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.

Latest Briefings

Court of Appeal rules in favour of landlords

The Deregulation Act 2015 (the DA) and its Regulations significantly extended the obligations of landlords in the residential rental sector. The Act was of equal significance to fixed charge receivers who automatically assume the landlord’s legal duties to the tenant upon appointment.

Cayman Islands Funds Update: Q2 2020

This briefing provides a summary of a number of recent changes to laws and regulations which have been enacted in the Cayman Islands over the last quarter which impact, or will impact, Cayman Islands funds.

Examination of the relationship between e-sports and violence

It is of great importance to examine acts of violence resulting from the competitive environment in e-sport games where the games are played individually as well as a team, also where the physical and mental attributions are prominent, and the legal character of such acts. The sanctions for acts of violence caused by e-sports players or third parties involving in the games without playing are, in general, determined by the respective publishers of the game based on the tournament rules.

Upper Tribunal revisits “What is an HMO?”

It is vital that landlords, tenants and local authorities all understand when a property should properly be classed as a House in Multiple Occupation (HMO). The Upper Tribunal has recently revisited this issue as it affects blocks of self-contained flats in the case of Hastings Borough Council v Turner.

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Ashurst’s managing partner reappointed a year early

Ashurst managing partner Paul Jenkins has been reappointed to the role, a year before his first term in charge was due to come to an end. Jenkins became the firm’s first Australian-based managing partner in 2016, replacing former managing partner James Collis who stepped down from the role to return to the finance practice. As […]

Eversheds debuts litigation tech offering to “propel cases forward”

Eversheds Sutherland has created a litigation technology unit in an effort to produce solutions that will help deal efficiently with high-value and long-running disputes. The unit, called Propel, will be helmed by financial services disputes partner head Nick Rundle and inquiries and investigations partner Sarah Jones. It boasts a combined headcount of almost 13 people; […]

Osborne Clarke sets out vision for London HQ redesign

Osborne Clarke is finalising refurbishment works for its new London office, in a move that will see the firm’s City staff go open-plan with the ability to choose where they sit throughout the day. Interior designer company Penson was tasked by the firm with the redesign effort. As part of the process, it analysed the firm’s […]

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