Cayman Islands Bulletin - February 2011

Richard L. Finlay • Posted 10/02/2011 • Under Bulletins

This bulletin provides an overview of the financial services industry and recent developments in the Cayman Islands, including legal and regulatory amendments, important judgments and significant transactions. In this issue, you will find:

• Jurisdiction Update: The fund industry is not only alive and well in Cayman, but growing at a healthy rate. Proposed changes will improve Cayman's competitive edge
• Winding up a Cayman Islands investment fund: Re Heriot African Trade Finance Fund Limited. The interesting aspect of this case is the judicial divergence in approach which has arisen between Jones J in the Cayman Islands and Bannister J in BVI.
• A Strategic Turnaround by the Privy Council: The right of redemption and the right to suspend redemption is governed by the Articles and depend upon the proper construction of those Articles.
• Offshore Forensic Investigations and Asset Tracing: Cayman offers a number of options to liquidators and/or claimants for discovering information during the course of an investigation.
• Recent cases of interest

Please contact Richard Finlay or your usual Conyers Dill & Pearman contact with any questions you may have about these updates.