Summary of the SFC Circular to Licensed Corporations – Use of Generative AI Language Models (12 Nov 2024)

WBY Lawyers are pleased to have assisted our client in obtaining SFC’s approval for the conversion of a public OFC to a private OFC, which was among the first (if not the first) of its kind, demonstrating our team’s capability in assisting clients through pioneering legal work related to funds. The conversion mechanism underscores the flexibility provided by the OFC, and the SFC was helpful throughout the process. Crucially, we gained insights into the important

HONG KONG OPEN-ENDED FUND COMPANIES (“OFCs”) – COMMON QUESTIONS

The HK government announced on 28 February 2024 in its 2024-2025 Budget that it will extend the subsidy grant scheme for Open-ended Fund Companies (the “OFC”) for a further 3 years. With the benefit of our experience in setting up OFCs in the past few years, we are pleased to share with you an Article giving an explanation to some of the more common questions we have encountered and some points to consider when either setting up an OFC or re-domiciling an existing Cayman fund as an OFC.

WBY Lawyers are pleased to have assisted our client in the re-domiciliation of a Cayman Islands hedge fund structured as a Master Feeder Fund, as Master Feeder structured Hong Kong open ended fund companies (“OFC”), being the first re-domiciliation of a Cayman Islands Master Feeder Fund as a Master Feeder OFC.

Re-Domiciliation of Cayman Islands Exempted Limited Partnerships as a Hong Kong Limited Partnership Fund
– Practical Considerations

This Article examines some of the practical considerations when re-domiciling a Cayman Islands limited partnership as a Hong Kong limited partnership fund (the “LPF”).

WBY Lawyers are pleased to have assisted our client in the re-domiciliation of a Cayman Islands limited partnership as a Hong Kong limited partnership fund (“LPF”), being one of the first few of its kind. 

WBY Lawyers are pleased to have assisted our client in setting up an umbrella OFC which is comprised of both open-ended sub-funds and closed-end sub-funds. 

WBY Lawyers are pleased to have assisted our client in setting up a HK Open-ended Fund Company (“OFC”) which is an umbrella OFC comprised of closed end sub-funds. Despite the name (or misnomer), OFCs can be used as closed-end funds.

WBY Lawyers are pleased to have assisted our client in setting up a stand-alone OFC.

WBY Lawyers enters into formal association with Iu, Lai and Li, Solicitors and Notaries: http://www.iulaili.com/