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.

Related briefings

Cayman Islands administrative fines regime for insurance licensees

By Rob Humphries The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the “Amendment Regulations”) came into force on 26 June 2020. The Amendment Regulations serve to amend Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (2019 Revision) (the “Fines Regulations”) and extend the scope of the fines which may be levied by the Cayman […]

GDPR and the Cayman Data Protection Law for Insurance Managers (and clients)

The General Data Protection Regulation 2016/679, or GDPR, is a set of EU regulations aimed at the protection of personal data and privacy of natural persons (not corporations) based within the EU. The GDPR has extraterritorial effect in that it applies to the processing of personal data of persons who are situated in the EU […]

The Private Funds Law and the Cayman Islands’ Status with the EU

In February 2020 the EU included the Cayman Islands on its Annex 1 list of non-cooperative jurisdictions for tax purposes; the so-called “black list”. Whilst the Cayman Islands Government had endeavoured to address the EU’s concerns in respect of the regulation of collective investment vehicles through the passing of The Private Funds Law (the “PFL”) and The Mutual Funds (Amendment) Law on 31 January 2020, the laws were only enacted on 7 February.

Latest Briefings

A fast-track for beautiful developments?

The Government has published its long-awaited white paper on planning reform, which seeks views on 24 proposals. In this legal insight we look at the key areas that have been targeted for reform.

Rules authorising the cultivation and industrial exploitation of varieties of hemp

There is a huge amount of interest in hemp cultivation, both for medicinal and cosmetic purposes, and for industrial use, in particular, the production of fibre, seeds and other products linked to agro-industry. As a consequence, the Government has legislated to positively discriminate in favour of the production of hemp for industrial purposes, to remove the risk of illegal practices.

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Shane Gleghorn

The 60 second interview: It’s more important than ever to be focused on purpose

Taylor Wessing’s managing partner Shane Gleghorn speaks to The Lawyer about the new range of initiatives the firm has launched during lockdown including virtual yoga, mindfulness sessions and Skype choirs. What will change for Taylor Wessing when offices being to re-open? Throughout this period, we’ve been shaping our policies by both looking at our business needs […]

Baker McKenzie

Bakers U-turns on NQ salary cuts

Baker McKenzie has backtracked on plans not to cut NQ rates, confirming today that salaries will be crunched by £2,500 and bonuses will be dropped. The announcement comes a week after the firm told The Lawyer it had no current plans to reduce salaries for trainees and NQs. Bakers hiked NQ salaries up by 23 per […]

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