Duties and obligations of a director of a Cayman Islands fund
Investment Funds

Duties and obligations of a director of a Cayman Islands fund

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).
Continuing obligations for Cayman Islands exempted companies
Investment Funds

Continuing obligations for Cayman Islands exempted companies

All exempted companies incorporated in the Cayman Islands are subject to the continuing obligations set out in the Companies Act. This Guide provides a general summary of some of the on-going obligations of Cayman Islands exempted companies.
Exempted limited partnerships in the Cayman Islands
Investment Funds

Exempted limited partnerships in the Cayman Islands

One of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of Cayman Islands companies. The main legislation regulating the formation and operation of companies in the Cayman Islands is the Companies Act. English common law and equitable principles and precedents are also followed in the Cayman Islands, where applicable.
Economic substance in the Cayman Islands
Investment Funds

Economic substance in the Cayman Islands

The International Tax Co-operation (Economic Substance) Act (ES Act) was introduced in the Cayman Islands on 1 January 2019 in response to OECD’s Base Erosion and Profit Shifting framework and related EU initiatives in relation to what are known as “Geographically Mobile Activities”.
Family business succession planning in Asia – Retaining control

Family business succession planning in Asia – Retaining control

No matter what the surrounding contextual circumstances may be, a global pandemic, for instance, one consideration that remains pertinent to all those who find themselves at the helm of a family business is the matter of succession planning. And as the Coronavirus has only gone on to demonstrate, it does not hurt to be prepared for unforeseen scenarios or black swan events. In regard to this salient consideration, Henno Boshoff elucidates on the numerous solutions available to the heads of Asia’s family businesses, breaking down their merits, and ultimately how each of these options facilitate the undisputedly important task of succession planning.
Data Protection in the Cayman Islands
Regulatory & Tax

Data Protection in the Cayman Islands

The Cayman Islands Data Protection Act comes into effect on 30 September 2019. All in scope entities need to ensure they are ready for the commencement of the Cayman Islands new data protection regime. This legal guide provides an overview of how the new regime will operate and what in scope entities need to prepare for the new regime.