November 15, 2019

Undertaking Voluntary Liquidations of Cayman Islands Entities prior to 31 December 2018.

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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, the pur- pose of avoiding annual government registration fees due in January 2019. A voluntary […]

Fifteen Dominican Schools receive USAID reading enhancement grants

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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 (USAID) Early Learners Programme (ELP), implemented in partnership with the Organisation of Eastern Caribbean States […]

OECS/USAID Early Learners Programme undertakes pilot study on virtual coaching method

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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 support to in-person professional development for teachers in implementing schools. While classroom-based teacher coaching is […]

CAYMAN ISLANDS – Fundraising

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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 seen in the statistics issued by the Cayman Islands Registrar of Partnerships. While a Cayman […]

Rock Icon Carl Palmer and The Mill Cayman support the National Gallery of the Cayman Islands

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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 located in East End. The evening of fine art and music is a fundraising initiative […]

Cayman Court enforces agreement not to liquidate a Limited Partnership

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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 a CI Exempted Limited Partnership (‘ELP’) when they were contractually precluded from doing so by […]

Fiduciary duties of a general partner of a Cayman exempted limited partnership

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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 structured as exempted limited partnerships (ELPs) where the affairs of the ELP are managed and […]

Cayman Islands: Corporate subscription financings – a sheep in wolves’ clothing

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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 to an agreed amount into an ELP as and when capital calls are made. The […]

New Exempted Limited Partnership Law comes into force

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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 industry and is designed to make the already popular Exempted Limited Partnership (‘ELP’) investment vehicle […]

Cayman equity funds/Grenadians urged to accept sacrifices

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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 equity” and “closed-ended” are often used interchangeably, principally to differentiate funds of this type from […]