Introduction of the New ELP Law and the Contracts (Rights of Third Parties) Law 2014: good news for Cayman Islands domiciled private equity funds | Practical Law
The Cayman Islands are the leading offshore jurisdiction for the establishment of both hedge funds and private equity funds. Private equity funds are structured in Cayman as exempted limited partnerships (ELPs) and the introduction of the Exempted Limited Partnership Law 2014 will enhance the attractiveness of Cayman as the leading offshore jurisdiction for private equity funds.