Unravelling
complexity.

Any Cayman Islands exempted company (the most common Cayman corporate vehicle limited by shares) may be registered as a segregated portfolio company (an SPC) under the Cayman Islands Companies Act (Companies Act). The concept of an SPC is that the company, which remains a single legal entity, may create separate segregated portfolios (each, a Portfolio) with the assets and liabilities of each Portfolio being statutorily ring-fenced from the assets and liabilities of each other Portfolio and the general assets and liabilities of the company. Income and other property of an SPC that is not attributable to any Portfolio constitute the general assets of the company.

The Cayman Islands limited liability company (LLC) is a corporate vehicle closely aligned with the Delaware limited liability company. This Guide sets out the key features of LLCs and how they can be formed under the Limited Liability Companies Act (LLC Act).

All exempted limited partnerships (ELPs) registered in the Cayman Islands are subject to the continuing obligations set out in the Exempted Limited Partnerships Act (ELP Act). This Guide provides a general summary of some of the on-going obligations of Cayman Islands exempted limited partnerships.

This guide sets out the continuing obligations under Cayman Islands law of a closed-ended fund registered with the Cayman Islands Monetary Authority (CIMA) under the Private Funds Act (Private Funds Act).

This guide sets out the continuing obligations under Cayman Islands law of an open-ended fund registered with the Cayman Islands Monetary Authority (CIMA) under section 4(3) or 4(4)(a) of the Mutual Funds Act (Mutual Funds Act).

This guide provides an overview of the powers, duties and obligations of a director of an exempted company incorporated under the Companies Act of the Cayman Islands (Companies Act) which is registered with the Cayman Islands Monetary Authority (CIMA) as a fund (Fund).