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Article: Leaving Paradise Without Angering The Supreme Regulator - Redomiciling A Cayman Islands Company In Other Jurisdictions In Compliance With Cayman Islands Companies Law.(Law overview)
- Article from:
- Mondaq Business Briefing
- Article date:
- October 6, 2009
- Author:
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Remo Dalimonthee, senior associate with Cayman law firm Solomon Harris explores the Cayman Islands requirements to be considered when a company leaves for another jurisdiction
The Cayman Islands are well-known as a preferred jurisdiction for the creation of mutual funds, a paradise some might say of low taxation, stability and sensible regulation. However, there are times when for various reasons, generally related to commercial, marketing or regulatory considerations, the operators of a fund decide to leave paradise. As we know from biblical sources such a decision can have rather unexpected and undesirable consequences. Whilst redomiciling a Cayman Islands fund ...