Undertaking Voluntary Liquidations of Cayman Islands Entities prior to 31 December 2018

Voluntary liquidations generally

As the conclusion of 2018 approaches, clients should give some thought to whether or not they have Cayman entities which they wish to liquidate prior to the end of 2018 for, among other things, the purpose of avoiding annual government registration fees due in January 2019. A voluntary liquidator of a Cayman company or exempted limited partnership (ELP) is required to hold the final general meeting for that company or file the final dissolution notice for that ELP on or before 31 January 2019.

Filed under:
Cayman Islands, Capital Markets, Insolvency & Restructuring, Private Client & Offshore Services, Loeb Smith Attorneys
Authors:
Gary Smith , Yun Sheng , Vivian Huang , Elizabeth Kenny
Location:
Cayman Islands
Firm:
Loeb Smith Attorneys
Undertaking Voluntary Liquidations of Cayman Islands’ Entities prior to 31 December 2021.

Voluntary liquidations generally

Filed under:
Cayman Islands, Insolvency & Restructuring, Loeb Smith Attorneys, Cayman Islands Monetary Authority
Authors:
Gary Smith , Elizabeth Kenny , Vivian Huang , Yun Sheng , Santiago Carvajal , Faye Huang , Sandra Korybut
Location:
Cayman Islands
Firm:
Loeb Smith Attorneys
Winding-up of Cayman Islands’ Funds: A Reminder of a Key Principle of Winding-up Law from the Cayman Courts’ Decision in the Liquidation of Adamas Asia Strategic Opportunity Fund Limited

Commencing the voluntary winding-up of a mutual fund is deceptively easy but, as soon as it is contemplated, the Fund Manager's role and responsibilities change in subtle but very important ways.

Filed under:
Cayman Islands, Insolvency & Restructuring, Litigation, Loeb Smith Attorneys
Authors:
Gary Smith , Elizabeth Kenny , Vivian Huang , Yun Sheng , Santiago Carvajal
Location:
Cayman Islands
Firm:
Loeb Smith Attorneys