Clients are reminded of the following important filing dates for Financial Institutions (FIs) under the CRS and FATCA Regime and Economic Substance regime filings with the Tax Information Authority in the Cayman Islands. Additionally, clients are...
Side letters usually take the form of additional agreements between certain investors and the fund that are separate and distinct from the original subscription agreement, offering memorandum and constitutional documents of the fund.
Side letters are often used to grant special rights and privileges to important investors (e.g. seed investors, strategic investors) or to those subject to government regulation (e.g. (i) Employee Retirement Income Security Act of 1974 “ERISA”). They are often used by fund managers to attract larger institutional investors.
Download our Guidance Notes Side Letters in the Cayman Islands here.