Overview (Program Summary)
The presentation will cover:
- Use of offshore vehicles for IPO
- Typical structure for Pre-IPO and IPO
- Economic Substance consideraton
- A summary of the last decade of significant regulatory reform for offshore funds
- Reasons for the continued dominance of Cayman
- A discussion of some resurgent roles for the BVI
- A discussion of the evolution of offshore fund structures in Asia
- A discussion of the regime for digital asset funds, and some specific issues for this asset class
Marc Parrott is a Partner in the Corporate Department of Appleby’s Hong Kong office, leading the Investment Funds practice. He specialises in advising all types of Cayman Islands, Bermuda and British Virgin Islands investment funds and their managers, with particular emphasis on private equity, venture capital and hedge funds. His clients include international and Asian financial institutions, listed and private asset management companies, and leading onshore law firms. He regularly advises in respect of fund formation, restructuring, and ongoing operational matters. He also advises institutional and high-net worth investors in relation to making investments into Cayman Islands, Bermuda and British Virgin Islands fund structures.
Marc has over 20 years of offshore and onshore experience, including having lived and practised in the Cayman Islands for approximately 8 years prior to relocating to Hong Kong in 2014. Prior to moving offshore, Marc obtained top-tier international transactional experience having practised in Australia with Freehills (now Herbert Smith Freehills), and in London with Linklaters.
Marc was admitted as a solicitor of each of the Supreme Court of Victoria, Australia and the Supreme Court of New South Wales, Australia in 1999 (non-practising). He was admitted as a solicitor of the Supreme Court of England and Wales in 2003 (non-practising). He was first admitted as an Attorney-at-Law in the Cayman Islands in 2003 and most recently was admitted in the British Virgin Islands in 2016.
Marc has spoken, and participated in panel discussions at numerous fund industry conferences, including events organised by AIMA, HFM and the HKVCA. He has been involved in the China Working Group established by Cayman Finance, the body that represents the interests of the Cayman Islands financial industry overseas. Marc is also a member of The Law Society of England & Wales.
Vincent Chan is Partner in the Corporate department of Appleby´s Hong Kong office. He has nearly 15 years of offshore law experience specialising in IPO/equity and debt capital markets, public & private mergers & acquisitions, privatizations and private equity. Clients include Bermuda, British Virgin Islands (BVI) and Cayman Islands companies listed on stock exchanges in Hong Kong, Singapore, Taiwan, New York, NASDAQ and London, as well as private companies, banks, financial institutions and asset management firms.
Vincent has also been a full member of The Society of Trust and Estate Practitioners (TEP) since 2013 and is currently on the STEP HK branch executive committee. He assists clients in setting up family, employee benefit and commercial/orphan trusts, providing relevant advice to listed and start-up companies, high net worth individuals, family offices and trustees.
Vincent has been selected as one of the region’s 10 most notable offshore lawyers in the Asian Legal Business’ Offshore Client Choice List in 2020-22 and was ranked in the 2019 Asian Legal Business’ “top 40 under 40” list which highlights “outstanding legal professionals in the region”. He has been widely recognized by legal directories, with IFLR 1000 2019-22 noting him as a “Notable Practitioner” and with Legal 500 (Asia Pacific) noting him as “very impressive” and a “key equity capital markets practitioner” who also “handles a significant number of M&A mandates”, with “ability to provide timely and practical Cayman law advice”.
Date: Thursday, 13th October 2022
Time: 1:00 pm to 2:00 pm
Location: Webinar links will be sent upon registration
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