Help save the environment, time and money!
The expanding regulatory landscape in which special purpose
vehicles (SPVs) that issue CLOs operate in, brings with it the need
for ever more paperwork. When coupled with the sizeable amount of
paperwork associated with litigation and settlements that SPVs can
become involved with, this has resulted in a surprisingly large
uptick in the volume of physical mail being received by fiduciary
service providers in the Cayman Islands over the last few years.
Literally truckloads.
While the Maples Group has policies and procedures in place to
ensure that physical mail is forwarded at the earliest opportunity
upon receipt, both physically and electronically by email, to our
manager contacts and trustees, it nonetheless remains the case that
physical, or "snail", mail can take days, weeks or, in
some extreme circumstances, even months to reach our offices in the
first place given the vagaries of the international postal service
and
