Data protection for investment funds domiciled in the British Virgin Islands
Investment Funds

Data protection for investment funds domiciled in the British Virgin Islands

The Virgin Islands Data Protection Act, 2021 (the Act) is now in force. The Act imposes a number of obligations upon investment funds in relation to the processing of personal data that they will inevitably collect as part of the investor onboarding procedure.
Common Sense in Common Law Recognition
Restructuring

Common Sense in Common Law Recognition

This article, originally published in INSOL World Quarter 3 2021, picks up on some of the themes discussed in one of the INSOL Virtual 2021 offshore panel discussions, titled “Common sense in common law recognition – how Offshore Courts and the Hong Kong Courts can be good neighbours”.
Harneys promotes Cayman Islands based Carolynn Vivian to group general counsel
Corporate

Harneys promotes Cayman Islands based Carolynn Vivian to group general counsel

Harneys is pleased to announce the appointment of Carolynn Vivian to group general counsel. She is based in the Cayman Islands and advises on all aspects of Cayman regulatory, corporate and commercial law.
Guide to STAR Trusts
Private Wealth

Guide to STAR Trusts

With the development of legislation in a number of offshore jurisdictions to allow for non-charitable purpose trusts, the Cayman Islands introduced the Special Trusts (Alternative Regime) Law 1997 (the STAR law) – now contained in the Trusts Act – to allow for the establishment of STAR Trusts.
New filing and deadline for Cayman Islands private funds
Regulatory & Tax

New filing and deadline for Cayman Islands private funds

A reminder that all private funds registered with the Cayman Islands Monetary Authority (CIMA) must submit a fund annual return (FAR) form. CIMA has just released another form to capture certain information about each private fund’s related fund entities, called the RFE form, which must be completed by private funds.