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Clearstream expands fund platform to Cyprus
Investment Funds

Clearstream expands fund platform to Cyprus

On 7 January 2019, Clearstream, one of the most well-known Luxembourg based international central securities depository, announced a further expansion of its Vestima offering by making Cyprus domiciled investment funds, including alternative investment funds and collective investment in transferrable securities, eligible for order routing, settlement and custody.
Cayman’s laws well equipped for maturing digital asset market
Investment Funds

Cayman’s laws well equipped for maturing digital asset market

The cryptocurrency market is predicted to reach USD1 trillion according to Smartereum as the market capitalisation continues to grow. Currently, the estimated size of the crypto market is approximately USD417 billion, a very modest number and one that remains dwarfed by other traditional and alternative asset classes. To put things into context, global private equity alone raised more than USD453 billion in 2017.
Project finance structuring with an offshore element; protecting your project company and shifting risks
Banking and Finance

Project finance structuring with an offshore element; protecting your project company and shifting risks

In this article, originally published by LexLatin, Nicole Pineda and Ana Lazgare address why Cayman Islands SPVs are the issuing vehicle of choice for project bonds funding large infrastructure projects (including greenfield projects) with a long economic life. This comes at a time of such great need for Foreign Direct Investment into Peru. This article is published in Spanish, download the PDF to read more.
The British Virgin Islands in digital movement: Peer-to-peer lending introduced
Investment Funds

The British Virgin Islands in digital movement: Peer-to-peer lending introduced

Since the rushing air of financial technology hit the shores of the British Virgin Islands over the last few years, many BVI based service providers have been busy servicing this new and exciting area of business. The growth of FinTech is perhaps unavoidable as the world continues to digitize and electronic transactions continue to prove more beneficial to consumers, in terms of cost and effectiveness. As a result, the interest venture capitalists have taken in this burgeoning industry is undeniable and offshore jurisdictions like the BVI continue to take electronic steps in order to keep pace with the demands of the new kids on the blockchain.
Cayman Islands AML update: 31 December 2018 AML officer deadline reminder and amended guidance notes
Investment Funds

Cayman Islands AML update: 31 December 2018 AML officer deadline reminder and amended guidance notes

As we noted in our earlier alert, investment funds that already existed on 1 June 2018 and which are registered with the Cayman Islands Monetary Authority (CIMA) as mutual funds, have to notify CIMA with details of the natural persons, at managerial level, appointed as their AML Officers. These appointments had to be made by 30 September 2018 and the notification has to be filed on CIMA’s REEFS portal by 31 December 2018.
Investment funds in Cyprus (non-UCITS)
Investment Funds

Investment funds in Cyprus (non-UCITS)

Cyprus is one of the up and coming funds jurisdictions in the European Union. For years popular for foreign direct investment in Central and Eastern Europe and the Middle East, the Cyprus’ funds regime now caters fully for pan-EU regulation under the Alternative Investment Fund Managers Directive 2011/61/EU while concurrently providing for lighter-touch alternatives. Importantly, Cyprus continues to be one of the most tax-competitive jurisdictions in the EU.