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Nick Rogers
Partner | Legal
Cayman Islands
![Headshot of Nick Rogers](/media/gbsfsg4v/nick-rogers-informal.jpg?cc=0.4112832306581602,0.18283621477145823,0.1598839153948919,0.17518113607490002&width=300&height=300&quality=90)
Nick Rogers
Partner
Cayman Islands
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News
06 May 2016
Cayman Islands
4 min read
ON THIS PAGE
On 6 May 2016, the Limited Liability Companies Bill, 2015 (the Law) was approved by the Legislative Assembly of the Cayman Islands. It is expected that accompanying regulations (including fee schedules) will be published soon and that the Law, will come into force by the summer.
Once the Law is enacted (by way of a separate commencement order), a new class of Cayman Islands entity, the limited liability company (LLC), will be available for use by clients seeking to establish fund and corporate structures in the Cayman Islands. The introduction of the LLC is a response to demand from the investment funds and financial services industry and will reinforce the position of the Cayman Islands as the leading jurisdiction for offshore investment funds and offshore corporate and SPV structures.
The LLC is based on the Delaware limited liability company, but also draws on some well recognised features of Cayman’s successful exempted company and exempted limited partnership. Below we summarise some key characteristics of the LLC.
We anticipate that LLCs will be suitable for a range of uses in investment funds and other international structures, and in corporate transactions generally. Some potential uses are set out below.
Ogier has worked closely with the Cayman Islands Government and been centrally involved with the development of the Law and we are well placed to assist clients seeking to use LLCs for fund and corporate structures and transactions.
If you have any questions relating to the foregoing and would like to discuss further, please reach out to your usual Ogier contact or one of the Partners listed here.
Nick Rogers
Partner | Legal
Cayman Islands
Nick Rogers
Partner
Cayman Islands
Contact Nick
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James Bergstrom
Partner | Legal
Cayman Islands
James Bergstrom
Partner
Cayman Islands
Contact James
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Angus Davison
Partner | Legal
Cayman Islands
Angus Davison
Partner
Cayman Islands
Contact Angus
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Bradley Kruger
Partner | Legal
Cayman Islands
Bradley Kruger
Partner
Cayman Islands
Contact Bradley
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Justin Savage
Partner | Legal
Cayman Islands
Justin Savage
Partner
Cayman Islands
Contact Justin
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Giorgio Subiotto
Partner | Legal
Cayman Islands
Giorgio Subiotto
Partner
Cayman Islands
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Nicholas Plowman 包乐文
Partner 合伙人 | Legal
Hong Kong
Nicholas Plowman 包乐文
Partner 合伙人
Hong Kong
Contact Nicholas
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Kate Hodson 凯特·赫臣
Partner and Head of ESG (Legal) 合伙人 | Legal
Hong Kong
Kate Hodson 凯特·赫臣
Partner and Head of ESG (Legal) 合伙人
Hong Kong
Contact Kate
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Joanne Huckle
Partner | Legal
Cayman Islands
Joanne Huckle
Partner
Cayman Islands
Contact Joanne
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