Authored by representatives of one of the top offshore legal firms with specific specialisation in the complexities of the Cayman Islands jurisdiction.
An increase in the breadth of coverage with three entirely new chapters:
- Financing & regulation of aircraft;
- Cayman Island LLCs; and
- EU Substance Requirements.
The only authoritative reference source for the South East Asian legal market covering the critical Cayman Islands jurisdiction that accounts for 75% of world’s hedge funds and nearly half the global industry’s estimated US$1.1 trillion of asset under-management.
Highly contemporaneous with 40% of the 1st edition content updated including, but not limited to:
- analysis and review of the new and amended Cayman Islands laws and regulations regarding the companies and financial regime;
- updates to the anti-money laundering regime;
- review and analysis of the new regulatory guidelines regarding the formation of limited liability companies etc.
Cayman Islands Company and Commercial Law is the only publication that focuses exclusively on the Cayman Islands. The book provides a deep analytical view of the offshore jurisdiction’s legal landscape as it relates to companies, partnerships, credit and security, mutual funds, insolvency, dispute resolution, taxation, trusts and more.
The Second Edition will keep you fully up-to-date on one of the world’s most utilized corporate jurisdictions. The use of offshore vehicles for international financial transactions and the incorporation of companies is the preference for most entities here in the Asia Pacific region. The Cayman Islands continues to be the ‘hot’ jurisdiction for offshore companies and commercial work, as well as the choice now to set up an offshore financial center.
This new second edition examines and updates the major changes which occurred over the last four years, including:
1. Impact of the new Cayman Islands Limited Liability Companies law since its enactment in 2016 – resulting in 391 Cayman LLCs formed and another 16 transferred by way of continuation from other jurisdictions from 1 July 2016 – 19 May 2017;
2. New supplemental legislation formed in relation to the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations, 2015;
3. New requirement of obtaining professional Indemnity Insurance for those who deal with Trusts, Insurance, Mutual Fund Administration, Securities Investments and Company Managers, Licensees, and Directors;
4. Amended structure for investment funds, etc.
