Legal Insights

Question: What are the key features of a Cayman LLC? Answer: The key features are: A Cayman Islands Limited Liability Company (“LLC”) is a corporate entity with separate legal personality to its members. The LLC is formed under the Limited Liabilities Companies Act (as Revised) (the “LLC Act”)…

The Cayman Islands (Cayman) has been the leading offshore jurisdiction for merger and acquisition (M&A) activity over the last three (3) years. In 2015, Cayman-incorporated companies were the target of 863 transactions worth a combined value of USD116.41bn. The value was more than twice the amount of the…

Cayman Islands holding companies, operating companies, and investment funds structured as companies pay dividends and make other distributions to shareholders and investors all the time, but what are the Cayman Islands’ rules governing the payment of dividends and making of distributions? In the first of our series of…

A Cayman Islands company can be dissolved by the appointment of a liquidator or it can be dissolved without such appointment if the company is struck off the register as a result of an application to the Registrar of Companies for the purpose.

Why segregated portfolio companies are thriving in Cayman? Loeb Smith’s corporate Partner Gary Smith talks to HFM Week about SPCs. HFMWeek (HFM): How versatile are SPCs? What makes them this way?

This article first appeared in Volume 12, Issue 1. of International Corporate Rescue, published by Chase Cambria Publishing. Gary Smith reviews the decision of the United States Bankruptcy Court Southern District of New York in re: Soundview Elite, Ltd., et al., Debtors (Case No. 13-13098 (REG)) as another…

Cayman Islands Advice on Statutory Demands A statutory demand is a formal demand for payment of a debt made by a creditor to a debtor. It may be used as the basis for an application for a petition to wind up a Cayman company. Service and content of…

In This Issue An Overview of Cayman Law Governing Hedge Funds What are the key statutes and regulations that govern hedge funds in the Cayman Islands? Which regulatory bodies regulate hedge funds? What are the main legal vehicles used to set up a hedge fund and what are…