Why the Future of Private Capital Lies in the East
Investment Funds

Why the Future of Private Capital Lies in the East

In this special report, co-published by Preqin, Asia Head of Funds and Regulatory Maggie Kwok explores why the future of private capital lies in the East and why navigating regulatory issues will be a key consideration for investors managing the record US$1.6 trillion in private capital assets earmarked for the region.
The Cayman Islands beneficial ownership regime
Investment Funds

The Cayman Islands beneficial ownership regime

Under Cayman Islands beneficial ownership legislation, certain Cayman Islands companies are required to maintain details of their beneficial owners and relevant legal entities on a beneficial ownership register. This guide explains which companies are in scope of the Legislation and which are exempt, who is classed as a beneficial owner and a relevant legal entity, and the obligations for in scope companies and those who hold interests in them.
Enforcement action under the BVI Economic Substance regime - ITA determinations of non-compliance
Compliance services

Enforcement action under the BVI Economic Substance regime - ITA determinations of non-compliance

A core requirement of the BVI economic substance regime is that companies and limited partnerships (entities) should, where they conduct “relevant activities”, have necessary economic substance in place according to the requirements of the legislation. Where an entity fails to put the necessary substance in place the BVI International Tax Authority (ITA) may make a determination that an entity is non-compliant with the economic substance requirements during a given financial period. Where a determination is made it is anticipated that the ITA will issue a notice (a Non-Compliance Notice or NCN) served on the entity’s registered agent at its registered office.
Harneys congratulates second graduate of articled clerk programme 2021

Harneys congratulates second graduate of articled clerk programme 2021

Harneys is pleased to announce that Moesha Ramsay-Howell has successfully completed her Articles of Clerkship and has been admitted as an attorney of the Grand Court of the Cayman Islands. She is the second to achieve this in 2021, following Natasja Levy’s admission last month. Moesha has joined the firm’s Cayman Litigation & Insolvency practice as an Associate.
Legal Minds on Markets: Episode two - Don’t look SPAC in anger: structuring business combinations involving offshore incorporated SPACs
Corporate

Legal Minds on Markets: Episode two - Don’t look SPAC in anger: structuring business combinations involving offshore incorporated SPACs

In our second episode George Weston, Partner in our Corporate team in the BVI and an expert on ECM and M&A transactions, and Murray Roberts, Director at Harneys Fiduciary based on the US West Coast, discuss de-SPAC transactions and the options available for structuring business combinations where a SPAC is incorporated offshore.