Rights of third parties in the Cayman Islands
Investment Funds

Rights of third parties in the Cayman Islands

The Contracts (Rights of Third Parties) Act (the Act) gives third parties the ability to enforce contractual rights expressly granted to them in Cayman Islands law governed contracts to which they are not a party, subject to certain exceptions.
Voluntary liquidation of a Cayman Islands exempted company
Investment Funds

Voluntary liquidation of a Cayman Islands exempted company

This guide outlines the procedure for a voluntary liquidation of a solvent Cayman Islands exempted company and the duties of its liquidator. It also sets out the process for striking an exempted company off the Register of Companies in the Cayman Islands.
The roles and responsibilities of the AML Officers of Financial Service Providers
Investment Funds

The roles and responsibilities of the AML Officers of Financial Service Providers

Money laundering is the process by which the proceeds of crime are channelled through the economy/financial system in a way which is intended to conceal the true origin and ownership of the proceeds of criminal activity. This Guide looks at the roles and responsibilities of the nominated officers of FSPs whose job it is to look out for and report suspicious activity and who oversee the compliance function and ensure that adequate systems and controls are in place to comply with the Regulations.
Private Funds in the Cayman Islands
Investment Funds

Private Funds in the Cayman Islands

The Cayman Islands is the leading jurisdiction for the offshore investment funds industry due to its combination of flexible and appropriate regulation, an approachable and effective regulator, professional service provider expertise, high reputation among investors and a tax neutral regime.
Key Benefits of Cayman Islands Structures
Investment Funds

Key Benefits of Cayman Islands Structures

Companies incorporated in the Cayman Islands are amongst the most popular offshore holding structures in the world. Whilst offshore vehicles are used for a wide variety of different purposes globally, there are a number of common factors which feed into the success of the Cayman product. Cayman vehicles are most commonly used in company or partnership-based fund arrangements formed by using companies or partnerships, but holding company structures and Cayman trusts are also popular.
The Cayman Islands Director Registration and Licensing Act
Investment Funds

The Cayman Islands Director Registration and Licensing Act

The Cayman Islands Director Registration and Licensing Act (the Act) requires directors of Cayman “covered entities” to register or become licenced by the Cayman Islands Monetary Authority (CIMA).