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LLP legislation likely to be popular with professional services firms
Recently published draft legislation designed to introduce the limited liability partnership (LLP) as a new partnership vehicle in the Cayman Islands will likely be popular with professional services firms in the Cayman Islands as well as the private equity industry, according to Harneys.
Financial Services Minister conducts talks on beneficial ownership
Financial Services Minister Wayne Panton has conducted meetings this month with UK and European Union lawmakers in London and Brussels, on subjects including beneficial ownership; the EU screening process; proposed UK legislation; OECD and EU initiatives; Brexit; and to participate on a panel in Brussels on corporate taxation.
Harneys promotes 8 to partner including Cayman litigation lawyer
Law firm Harneys has promoted eight lawyers to partners in the firm as of 1 January 2017 including on in the Cayman Islands.
Decreased market liquidity is a secular shift, survey reveals
Nearly half (48 percent) of survey respondents say that decreased market liquidity is a secular shift that is here to stay, according to a new research report by State Street Corporation in partnership with the Alternative Investment Management Association (AIMA), the global representative of alternative investment managers.
AIMA publishes guidelines on establishing a managed account
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, has published a guide for fund managers wishing to establish a managed account, a popular form of investing in hedge funds that gives greater control over the management of the account to the investor.
Cayman Islands Court of Appeal upholds Weavering preference claim
The Cayman Islands Court of Appeal has dismissed an appeal brought by a former investor in the failed Weavering Macro Fixed Income Fund (Weavering or Fund) against an order requiring it to re-pay over $8 million in redemption proceeds it received shortly prior to the Fund's collapse.
Maples and Calder expands Cayman litigation and insolvency expertise
Law firm Maples and Calder has added Mungo Lowe to its litigation and insolvency team covering the British Virgin Islands (BVI) and Cayman Islands.
Cayman Finance completes two week promotional tour in Europe
Jude Scott, the CEO of Cayman Finance, completed a PR exercise in November designed to remind some key people in Europe of what he called the essential role Cayman Islands fulfils as a global financial hub connecting providers of investment capital and financing.
FATF calls for G-20 members to lead by example on beneficial ownership
The Financial Action Task Force has called on the governments of the 20 largest economies to issue a public commitment to meet the body’s new standards on beneficial ownership.
Hedge fund managers increase investment in technology including AI
Hedge fund managers are innovating and increasing their investment in technology to create new competitive advantages and to address regulatory and operational issues, according to a new study by KPMG International, the Alternative Investment Management Association (AIMA) and Managed Funds Association (MFA).
