In June 2011 the Cayman Islands government announced a proposal to amend the Mutual Funds Law (“2009 Revision”) (the “Mutual Funds Law”) to require Cayman Islands master funds that have regulated feeder funds as part of their structure to be subject to new registration and filing requirements. A draft bill containing these proposals was published on 20 October 2011. Following consultation by the Cayman Islands government and the Cayman Islands Monetary Authority (“CIMA”) with industry experts a revised version of the bill (the “Bill”) was passed by the Legislative Assembly of the Cayman Islands on 5 December 2011.

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European Court of Justice Decision on Public Beneficial Ownership Registers

The Ruling is a much-welcomed decision for The Bahamas as it gives credence, on an international scale, to the...

Higgs & Johnson Praised for ‘Expertise in Every Discipline of Law’

Rated as 'highly regarded' and described as a 'comprehensive, knowledge-based firm with expertise in every discipline of law.’