Guide to Cayman Islands mergers and consolidations
Investment Funds

Guide to Cayman Islands mergers and consolidations

The Cayman Islands’ statutory merger regime is set out in the Companies Act (the Companies Act) and the Limited Liability Companies Act (the LLC Act) which provide a process for ‘merger’ or ‘consolidation’ of companies. A ‘merger’ is where the assets, rights, obligations and liabilities of two or more companies are assumed by one of those entities and ‘consolidation’ is where the assets, rights, obligations and liabilities of two or more companies are assumed by a new Cayman Islands company, in each case without requiring court approval.
Taking security over shares in a Cayman Islands company
Investment Funds

Taking security over shares in a Cayman Islands company

This guide discusses the Cayman Islands law requirements when taking security over shares in a Cayman Islands exempted company (a company).
Transfers in to the Cayman Islands
Investment Funds

Transfers in to the Cayman Islands

One of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of its companies and partnership legislation. This includes the ability of vehicles formed or registered outside of the Cayman Islands to transfer into the Cayman Islands by following a simple transfer procedure.
Registering security interests created by Cayman Islands exempted companies
Banking & Finance

Registering security interests created by Cayman Islands exempted companies

This Guide discusses the Cayman Islands Companies Act (the Companies Act) requirements relating to the registration of security interests (eg mortgage, charge, pledge, encumbrance) over the assets of a Cayman Islands exempted company.
Transfer out of the Cayman Islands
Investment Funds

Transfer out of the Cayman Islands

One of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of its companies and partnership legislation. This includes the ability of Cayman entities to transfer out of the Cayman Islands and move to another jurisdiction, by following the relevant procedure.
The Cayman Islands beneficial ownership regime
Corporate

The Cayman Islands beneficial ownership regime

Under Cayman Islands company beneficial ownership legislation (the Legislation), certain Cayman Islands companies are required to maintain details of their beneficial owners and relevant legal entities on a beneficial ownership register (a Register). Registers are not publicly available, although they can be searched in limited circumstances by the competent authority in the Cayman Islands. 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.