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Walkers Global warns of termination of regulated mutual funds
Delays in commencing the deregistration and winding up process may ultimately hinder a Cayman Islands regulated mutual fund (a Fund) from maximising cost savings in relation to regulatory and service provider fees, Walkers Advisory said.
Cayman Islands funds to invest in Italian securities if added to Italy's whitelist: Cayman Finance
Jude Scott, chief executive officer of Cayman Finance, has supported the inclusion of the Cayman Islands on Italy’s “whitelist”.
Cayman may have luxury of time if AIFMD passporting further delayed
The Cayman Islands are a good distance along the path to a positive assessment from the European Securities Markets Authority (ESMA) on whether to extend the alternative investment fund managers' directive (AIFMD) passport to its investment fund managers and investment funds – and may also have the luxury of time, according to law firm Mourant Ozannes.
ESMA timing on AIFMD now difficult to predict
The nature of the delay by the European Securities Markets Authority (ESMA) on whether to extend the alternative investment fund managers' directive (AIFMD) passport to investment fund managers and investment funds based in 12 non-EU countries including the Cayman Islands means uncertainty around the timing of the final decision, according to Walkers.
Mourant Ozannes partner joins Law Reform Commission
Hector Robinson, a partner at Mourant Ozannes, has been appointed to the Cayman Islands Law Reform Commission.
New LLC law welcomed and praised for its flexibility
The introduction of the Cayman Islands’ Limited Liability Companies Law, 2016, which came into force in mid-July, has been broadly welcomed by the island’s financial services and legal community.
Mourant Ozannes expands its Cayman litigation team with five hires
Law firm Mourant Ozannes has extended its Cayman office by appointing Mark Griffiths as its counsel.
Maples and Calder admits attorney at law in funds practice
Law firm Maples and Calder has admitted articled clerk Katrina Watson to the role of attorney at law. She now joins the firm’s funds practice in Cayman.
Cayman Islands proposes overhaul of secrecy laws
The Cayman Islands Government has published the Confidential Information Disclosure Bill 2016, which calls for the abolition of the current criminal offence for disclosure of confidential information, other than ‘in the ordinary course of business’.
Cayman Finance CEO calls for widespread corruption rules
Jude Scott, chief executive officer (CEO) of Cayman Finance has said that all financial centres around the world should implement anti-corruption practices, such as data disclosures, when necessary - not just a few like the Cayman Islands.
