From Mourant Ozannes

The duties of directors of companies incorporated in the Cayman Islands are governed primarily by the Companies Law (2013 Revision) (the Law) and precedents established by the common law. The Statement of Guidance for Regulated Mutual Funds published by the Cayman Islands Monetary Authority (CIMA) is also instructive for directors of Cayman Islands mutual funds. This Quick Guide provides an overview of some of the main duties of directors of Cayman Islands companies. Please note that a breach of the duties outlined below may be waived by obtaining the fully informed consent of the shareholders.
JUNE 2015

 

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This guide is only intended to give a summary and general overview of the subject matter. It is not intended to be comprehensive and does not constitute, and should not be taken to be, legal advice. If you would like legal advice or further information on any issue raised by this guide, please contact one of your usual Mourant Ozannes contacts.

Contacts:

Simon Dickson
Partner, Cayman Islands

Christopher Harlowe
Partner, Cayman Islands

Charles Moore Senior Associate, Cayman Islands