Undertaking Voluntary Liquidations of Cayman Islands Entities prior to 31 December 2018.
From Loeb Smith Voluntary liquidations generally As the conclusion of 2018 approaches, clients should give some thought to whether or not they have Cayman entities which they wish to liquidate prior to the end of 2018 for, among other things,…
Fifteen Dominican Schools receive USAID reading enhancement grants
OECS/USAID Joint Media Release Friday, July 6, 2018 — Fifteen schools in Dominica will benefit from a US$36,000 grant to implement projects that improve the reading levels of learners of Grades K-3 under the United States Agency for International Development’s…
OECS/USAID Early Learners Programme undertakes pilot study on virtual coaching method
OECS Media release Friday, May 11, 2018 — OECS Member States participating in the United States Agency for International Development (USAID) supported Early Learners Programme (ELP) have embarked on a pilot study to determine if virtual coaching is a viable…
CAYMAN ISLANDS – Fundraising
By Nicholas Butcher and Iain McMurdo, Maples and Calder From The Private Equity Review, 5th Ed.: Cayman Islands I GENERAL OVERVIEW The Cayman Islands (Cayman) are home to a well-established and ever-growing domicile for private equity funds. This can be…
Rock Icon Carl Palmer and The Mill Cayman support the National Gallery of the Cayman Islands
Carl Palmer, one of rock’s iconic figures and a founding member of both Emerson Lake & Palmer (ELP) and ASIA, is scheduled to perform in the Cayman Islands for one night only at The Mill Cayman, a new world-class recording facility…
Cayman Court enforces agreement not to liquidate a Limited Partnership
From Solomon Harris Rhone Holdings LP, In the matter of A July 2015 Cayman islands (‘CI’) judgment dismissed a winding up petition (‘Petition’), holding that it was an abuse of process for Petitioners to present a petition to wind up…
Fiduciary duties of a general partner of a Cayman exempted limited partnership
From Loeb Smith10 September 2015 The Cayman Islands (Cayman) continue to be the leading offshore jurisdiction for the establishment of hedge funds, private equity funds, and investment funds focused on other asset classes. A large number of Cayman funds are…
Cayman Islands: Corporate subscription financings – a sheep in wolves’ clothing
By Ramesh Maharaj and Alexandra Woodcock from Walkers Convention dictates that a Cayman Islands exempted limited partnership (ELP) be utilised for offshore private equity fund subscription financings. The process is relatively straightforward. A limited partner commits to pay capital up…
New Exempted Limited Partnership Law comes into force
From Solomon Harris The Cayman Islands Exempted Limited Partnership Law, 2014 came into force last week following its gazettal on Wednesday, 2 July 2014. The new law (the ‘Law’) is the result of years of consultation with the financial services…
Cayman equity funds/Grenadians urged to accept sacrifices
Private equity funds in the Cayman Islands From Mourant Ozannes Introduction This briefing explains the attractions for international managers, sponsors and investors of the Cayman Islands as the jurisdiction in which to domicile a private equity fund. The terms “private…