Unravelling
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Unravelling Complexity

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New Cayman Islands private funds regime to be introduced in 2020
Private Wealth

New Cayman Islands private funds regime to be introduced in 2020

The Cayman Islands Government will shortly be introducing new legislation to regulate and require registration of closed-ended funds (which will become known as ‘private funds’) with the Cayman Islands Monetary Authority (CIMA), for the first time.  The Private Funds Bill, 2020 (the Bill) will be debated by the Legislative Assembly in its 30 January sitting.  As a result, the exact terms are subject to change but the major components of the legislation are broadly agreed upon.
Important deadlines for BVI trade licence renewals and property tax interest payments
BVI property and real estate

Important deadlines for BVI trade licence renewals and property tax interest payments

All individuals or companies conducting business in the British Virgin Islands are required to obtain a trade licence from the Department of Trade, authorising the particular business operations.  Any trade licence issued is valid until 31 December of any given year.
Why consider a British Virgin Islands or Cayman trust for wealth protection?
Private Wealth

Why consider a British Virgin Islands or Cayman trust for wealth protection?

We are all familiar with the platitudes about trusts: great things if used right, offering potential solutions to asset protection, probate, tax and family issues. The concept of moving the legal ownership of an asset to an unrelated party while still retaining the benefit of it is useful in many contexts.
BVI companies remain attractive particularly in Latin America and Asia
Private Wealth

BVI companies remain attractive particularly in Latin America and Asia

One wealth planning vehicle remains constant through the many developments and challenges taking place in the last few years - the British Virgin Islands company. There remain around 600,000 active BVI companies worldwide, and although some client groups diversify away, others from Latin America and Asia, for example, continue to incorporate new BVI companies in great numbers.
A practical approach to regulation
Regulatory and Tax

A practical approach to regulation

The swathe of transparency disclosures required by new and upcoming regulation has been putting pressure on private equity firms. This article, originally published by Private Equity Wire, looks at how PE managers can work with pragmatic and knowledgeable law firms to understand exactly how the rules apply to their particular situation and consider whether there is a basis for limiting disclosure about their business and their investors.