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Cayman Islands: Significant changes to Cayman Islands Trusts Law
by Carlos de Serpa Pimentel and Esmond Brown Appleby From Mondaq The well-established regime for trusts in the Cayman Islands has been improved by significant changes to the Trusts Law (2018 Revision) (Trusts Law) pursuant to The Trusts (Amendment) Law, 2019 (Amendment), gazetted…
Cayman Islands: Wealth structuring and the Cayman Islands Foundation
By Wendy Stenning, Cayman Finance From Mondaq In March 2017, the Cayman Islands Legislature passed the Foundation Companies Law, 2017 (the “Law”). The Law came into force on October 18th 2017, and provides yet another addition to the comprehensive and…
Overview of Cayman Islands law governing mutual funds – Q&A
By Gary Smith Partner, From Loebsmith 21 March 2018 1. What are the key statutes and regulations that govern mutual funds in the Cayman Islands? Which regulatory bodies regulate mutual funds? The primary legislation regulating mutual funds in the Cayman…
Cayman Islands: Third Party claims against trustees: Resolving competing claims over trust assets
By Mark Chudleigh and Caitlin Conyers Sedgwick Chudleigh From Mondaq For professional trustees and their insurers, the ability to obtain an indemnity from trust assets in the face of a claim against a trustee by a third party is obviously…
Cayman Islands: The Paralysed Trustee: A Cayman Approach
By Bernadette Carey Conyers Dill & Pearman While it is a relatively rare occurrence, circumstances can arise in the life of a trust that lead a trustee to the view that its hands are effectively tied and which potentially put…
Families and Firewalls—New Trusts Case Law in the Cayman Islands
Article by Robert Lindley and Bernadette Carey From Conyers Dill & Pearman Private Client analysis: Robert Lindley, counsel & head of private client and trust department for both the Cayman Islands’ and British Virgin Islands’ offices of Conyers Dill &…
Improvements to the Cayman Islands Trust Law
By Robert Lindley Conyers Dill & Pearman From Mondaq On 24 October 2016, the Trusts (Amendment) Law, 2016 and the Property (Miscellaneous Provisions) (Amendment) Law, 2016 came into force in the Cayman Islands. The Trusts (Amendment) Law, 2016 The key…
