November 18, 2019

Cayman Islands Stock Exchange: The impact of the European market abuse

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By Scott Macdonald Maples and Calder From Mondaq The Cayman Islands Stock Exchange (the “CSX”), which has listed more than 4,000 securities with a combined market capitalisation in excess of US$190 billion, has firmly established itself as one of the leading international specialist exchanges. An affiliate member of the International Organisation of Securities Commissions, the […]

Cayman Islands: Maples Group assists MJX Asset Management on first new-issue CLO of 2017

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Maples and Calder and Maples Fiduciary have assisted MJX Asset Management (“MJX“) on its dual compliant $528 million Venture XXVI CLO – the first new-issue CLO of the year globally. The deal, which priced on 19 January 2017, was arranged by Jefferies and closed on 14 February 2017. In addition to providing Cayman Islands legal […]

Lynn Tilton Battles Cayman Islands Directors on Zohar-I Bankruptcy

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By PEG BRICKLEY From Wall Street Journal Zohar-I’s directors have asked a judge to throw out bankruptcy petition Distressed-company investor Lynn Tilton lashed out at the Cayman Islands corporate directors who moved to block her attempt to force one of her debt-investing vehicles into bankruptcy. She says the directors have ignored their duties to Zohar—a […]

FATCA Final Regulations – Update For Cayman And Irish CLO Issuers

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By Alasdair Robertson, Mark Matthews, Scott Macdonald and Nicola Bashforth Maples and Calder On 20 February 2014 the US Treasury and the IRS released a set of revisions to the US Foreign Account Tax Compliance Act (“FATCA”) final regulations (the “FATCA Regulations”). Such revisions include modifications to the Limited Life Debt Investment Entities (“LLDIE”) provisions […]

Appleby’s Insider report reveals continued expansion of CLO market

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Appleby has published its second report on collateralised loan obligations (CLO). The law firm’s CLO Insider report, which provides data, insight and analysis on the CLO market, focused on the second half of 2013. It reveals that the total number of US-based CLO deals in 2013 was up 56 per cent when compared with 2012. […]