Read our latest articles, press releases, updates and announcements.
26 Apr 2017
The Cayman Islands Grand Court has delivered its ruling in Re Shanda Games Limited (FSD 14 of 2016, 25 April 2017, Segal J). This is only the second merger fair value appraisal ruling in the Cayman Islands, and in both cases Maples and Calder has represented the successful dissenters. In Shanda, the Court found that the fair value of the shares owned by the dissenters (which were all funds managed by Hong Kong-based fund manager Maso Capital) was more than double the consideration offered in the take-private scheme by way of merger.
26 Apr 2017
Since 2014 the Central Bank of Ireland has permitted regulated direct lending funds to be established as a special category of qualifying investor alternative investment funds ("Loan Origination QIAIFs").
24 Apr 2017
The Cayman Islands Stock Exchange has introduced a new listing regime for securities issued by "specialist companies" to qualified investors. This new regime specifically caters for pre-IPO and other newly incorporated or pass-through companies with no specific revenue earning business or companies raising funding for a new project or line of business.
21 Apr 2017
The latest edition of our Funds Update - Ireland, a quarterly summary of Irish legal & regulatory, tax and listing developments in recent months.
20 Apr 2017
Pursuant to an industry advisory dated 13 April 2017, the Department for International Tax Cooperation has made certain important announcements with respect to Cayman Islands Financial Institutions complying with their Automatic Exchange of Information obligations. This update includes some of the key points to note.