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ARTICLE · 20 JUNE 2022

Fund Finance: Sanctions

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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Following on from the Fund Finance Friday articles of March 11 and May 13, which looked at the sudden escalation of sanctions measures following Russia's invasion of Ukraine and the...

GlobalInternational Law
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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Authored by : Alexandra Woodcock Partner | Mourant Ozannes (Cayman) LLP, Sara Galletly Partner | Mourant Ozannes (Cayman) LLP, Alex Last Partner | Mourant Ozannes (Cayman) LLP and Finn Howie Counsel | Mourant Ozannes (Cayman) LLP

Following on from the Fund Finance Friday articles of March 11 and May 13, which looked at the sudden escalation of sanctions measures following Russia's invasion of Ukraine and the associated issues being considered by lenders in the fund finance space, this article focuses on the current state of play in the Cayman Islands and some of the questions which Cayman Islands funds are facing in practice.

The Cayman Islands sanctions framework

Whilst sanctions can be imposed domestically in the Cayman Islands, in practice, the financial sanctions in force in the Cayman Islands are essentially those in force in the United Kingdom. It is the UK's policy to ensure that British Overseas Territories like the Cayman Islands are legally and

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