At first glance little has changed in Cayman’s law firms. Look a bit closer and it is clear there has been a collective sigh of relief. The European Union’s alternative investment fund managers (AIFM) directive is clearer, albeit still a bit murky as the details are hammered out. US regulation, as expected, is benign towards the islands.
Things could have been much worse for Cayman. Many had feared a draconian regime from the EU in particular could seriously damage the future of the domicile. Ove
The week on Risk.net, July 14–20, 2017Receive this by email