PRESS RELEASE For Immediate Release: 22 July 2021 Press contact: maria.cassidy@forbeshare.com Forbes Hare opens a new office in Hong Kong Forbes Hare has opened an office in Hong Kong, boosting its presence in Asia and augmenting its existing Singapore office. The offshore firm is the largest BVI and Cayman Islands firm which does not…
The Cayman Islands government confirmed earlier this week that the jurisdiction had been removed from Annex 1 of the European Union’s (“EU”) list of non-cooperative jurisdictions for tax purposes (the “EU Blacklist”). This action by the EU recognises the continuing cooperation by the Cayman Islands in meeting international standards of good tax governance and confirms…
Purpose The purpose of this legal update is to: (i) inform you of the enactment of the Private Funds (Amendment) Law, 2020[1] on 7 July 2020 (the PFL Amendment) which introduces some important changes to the Cayman Islands Private Funds Law 2020[2] (the Private Funds Law and together with the PFL Amendment and regulations[3] pertaining…
Legal Update on the introduction of the Cayman Islands Private Funds Law 2020 and what this means for private equity funds and closed ended investment vehicles domiciled in the Cayman Islands Purpose The purpose of this legal update is to inform you of the introduction of the Cayman Islands Private Funds Law 2020 [1] and…
Legal Update on the Cayman Islands Mutual Funds (Amendment) Law, 2020 Purpose and effect The purpose of this legal update is to inform you of the introduction of the Cayman Islands Mutual Funds (Amendment) Law, 2020. (https://www.cima.ky/upimages/commonfiles/MutualFundsAmendmentLaw2020_1581524462.PDF, the MF Amendment Law). The MF Amendment Law has been introduced by the Cayman Islands government in response…
Offshore Case Notes William Hare and Alistair Abbott 19 June 2020 Unscrambling Broad Idea and Black Swan The recent decision of the Eastern Caribbean Court of Appeal (29 May 2020) in Broad Idea International Ltd v Convoy Collateral Ltd (BVIHCMAP2019/0026) has been hailed as an “overturning” of Black Swan Investment ISA v Harvest View Ltd…
Terms of Engagement for Legal Services Provided by Forbes Hare LLP The references in these terms of engagement (“Terms”) to Forbes Hare LLP, “us” and “we” mean Forbes Hare LLP, a limited liability partnership established in England with number OC380080. Although we are part of the Forbes Hare Group, it is Forbes Hare LLP which…
Forbes Hare Expands its Corporate and Investment Funds Practice with New Partner Hire Forbes Hare is delighted to announce that Patrick Colegrave (https://forbeshare.com/team/patrick-colegrave/) has joined the firm. Patrick will be a partner in the Corporate and Investment Funds team, based in Forbes Hare’s London office. Patrick has over twenty years’ experience, having previously worked at…
LEGAL GUIDE: Economic Substance (Companies and Limited Partnerships) Act, 2018 (ESA) ________________________________________________________________________________________________ 1. Background The Economic Substance (Companies and Limited Partnerships) Act, 2018 (ESA) was enacted in the British Virgin Islands on 31 December 2018. Its purpose is to fulfil the BVI’s commitment to ensuring the highest standards of tax governance and to ensure that…