(Hedge Fund Law Report) On December 18, 2015, Cayman Islands authorities published a bill for a new law that allows for the formation of Cayman Islands limited liability companies (Cayman LLCs). Similar to a Delaware limited liability company, the Cayman LLC provides managers with additional flexibility and options for forming hedge funds in the Cayman Islands. In a recent interview with The Hedge Fund Law Report, Jude Scott, the Chief Executive Officer of Cayman Finance; Henry Smith, a partner at Maples and Calder and Chair of the International Relations Committee of Cayman Finance; and Hon. Wayne Panton, Minister of Financial Services, Commerce and Environment for the Cayman Islands Government, discussed the Cayman LLC, detailing the new vehicle’s requirements, potential uses and implications for hedge fund managers.
New Cayman Islands LLC Structure Offers Flexibility To Hedge Fund Managers
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