Waystone

At DMS, we are receiving an increasing number of inquiries from our clients and friends regarding the latest updates to the Economic Substance Law.To learn more about this topic, join Niall O’Dowd, Independent Director and product specialist, from our Cayman Islands office, as he shares the “need to know” points for fund managers in Asia with his colleagues Finian Power and Connie Wong.

The latest in our series of calls with Mathematica, moderated by John D’Agostino. This week we covered in more detail how Mathematica is engaged in analyzing Medicare data, how it’s approach is evolving, and what early signals they are seeing across the US.

Matthew Brown, Managing Director from our NYC office was joined by Roman Ipfling, our ITC product specialist, who updated our attendees on the recent changes and updates to the CRS & FATCA reporting. He also provided an update regarding the newly implement Cayman CRS Compliance form and the DMS solution for such.

Connie Wong, Executive Director from our Singapore office was joined by Roman Ipfling, our ITC product specialist, who updated our attendees on the recent changes and updates to the CRS & FATCA reporting. He also provided an update regarding the newly implement Cayman CRS Compliance form and the DMS solution for such.

We were delighted to be joined by Michael Padarin and Jeremy Lightfoot, Partners from Carey Olsen’s Corporate and Litigation practices and DMS’ own Alaina Danley, Independent Director and Managing Director as they shared legal considerations and governance best practices when managing distressed situations. The Discussions included available liquidity mechanisms (suspensions, gates, side pockets), scope of powers and commercial considerations, the effect of fraud on NAV calculations and managing investor communications. They also discussed practical scenarios and ended with an overview of trends currently being seen in the global markets.

Please join DMS to learn more about the latest updates to the Private Funds Law which has created a regulatory regime for closed-end funds (such as private equity/venture capital/private debt funds) structurally similar to the existing regime for hedge funds, with some additional operational features.

All Private funds, whether formed before or after the passage of the Private Funds Law, must register with CIMA by 7 August 2020.

Join our panelists to find out what this means for your fund, and how the DMS solution can assist in ensuring your Fund is compliant:-

• Don Ebanks: Don provided an overview of the legislation and the regulatory approach.
• Alaina Danley: Alaina provided further background on the governance structures for private equity vehicles.
• Colm O’Driscoll: Colm covered the safekeeping of assets and cash monitoring that DMS Bank & Trust can assist with.