March 24, 2023

Cayman Islands: More clarity on redemption rights for distressed funds

By Robert Searle DEACONS From Lexology When Cayman Islands funds undergo liquidity stress on their balance sheet due to holding illiquid assets or irregular large redemption requests, directors of Cayman Islands funds generally consider mechanics to provide for an orderly restructure to meet redemption requests which arise. Common arrangements are to implement a “redemption gate” […]