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ARTICLE · 24 MAY 2016

How Will The LLC Impact Cayman?

Dillon Eustace
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Dillon Eustace

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The bill, when enacted, will provide for the introduction of a new Cayman legal vehicle, the Cayman Limited Liability Company.

Cayman IslandsWealth Management
Dillon Eustace
Dillon Eustace
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HFMWeek (HFM): What is the Limited Liability Companies Bill (LLC)?

Matt Mulry (MM): The bill, when enacted, will provide for the introduction of a new Cayman legal vehicle, the Cayman Limited Liability Company. The draft legislation is closely based upon the equivalent United States' Delaware LLC legislation with the intention of appealing to the US market. This is a significant development for Cayman and will represent an entirely new corporate form for managers and investors to use in their Cayman fund structuring. The bill has been through a wide consultation process both within the Cayman financial services industry and the wider international industry with input being sought from leading investment funds professionals who have used Cayman hedge and private equity funds since its inception.

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