Category Archives: Client Advisories

The recent judgment on side letters from the Cayman Islands Grand Court in Re Medley Opportunity Fund Ltd (21 June 2012) confirmed that there is a clear distinction between beneficial shareholders and investors of record for enforcing side letters for investments in Cayman Islands domiciles hedge funds.

On 5 April 2012, after a hotly contested winding up hearing, the Chief Justice of the Grand Court of the Cayman Islands ruled in favour of the petitioners and made an order for the winding-up of FIA Leveraged Fund, managed by Fletcher Asset Management, Inc.

The Cayman Islands Legislature passed the Patents and Trade Marks Law, 2011 on 7 December, 2011 repealing the prior Patents and Trade Marks Law (2007 Revision) and making important changes to the practice of patents and trademarks in the Cayman Islands.