Commencement of the Cayman Islands Limited Liability Companies Law, 2016

We are delighted to report that the Limited Liability Companies Law, 2016 (“LLC Law”) has commenced today, 8 July 2016, whereby a Cayman Islands Limited Liability Company (“LLC”) will be available for the first time from Wednesday, 13 July 2016.

A Cayman LLC will be very similar to a Delaware limited liability company.

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CAYMAN ISLANDS
Tim BuckleyManaging PartnerT +1 345 814 4646 tim.buckley@walkersglobal.com
Melissa LimPartnerT +1 345 814 4512melissa.lim@walkersglobal.com
Rolf LindsayPartnerT +1 345 914 6307rolf.lindsay@walkersglobal.com
Caroline WilliamsPartnerT +1 345 914 6342caroline.williams@walkersglobal.com

DUBAI
Daniel WoodManaging PartnerT +971 4 363 7912daniel.wood@walkersglobal.com

LONDON
Jack BoldarinManaging PartnerT +44 (0)20 7220 4995jack.boldarin@walkersglobal.com

SINGAPORE
Thomas GrangerPartnerT +65 6603 1694thomas.granger@walkersglobal.com