December 6, 2019

Cayman Islands: Significant changes to Cayman Islands Trusts Law

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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 on 15 May 2019. The Amendment is to come into force at a future date […]

Cayman Islands: Wealth structuring and the Cayman Islands Foundation

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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 innovative wealth planning vehicles for which the Cayman Islands has come to be known. The […]

Overview of Cayman Islands law governing mutual funds – Q&A

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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 Islands is the Mutual Funds Law (2015 Revision) (the “Funds Law”) and accompanying regulations. What […]

Cayman Islands: Third Party claims against trustees: Resolving competing claims over trust assets

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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 of critical importance, insulating the trustee from personal liability and the insurer from having to […]

Cayman Islands: The Paralysed Trustee: A Cayman Approach

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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 the proper administration of the trust, and the interests of its beneficiaries, in great peril. […]

Families and Firewalls—New Trusts Case Law in the Cayman Islands

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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 & Pearman , and Bernadette Carey, counsel in the litigation and private client departments of Conyers […]

Improvements to the Cayman Islands Trust Law

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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 amendments, which mainly modernise and correct certain deficiencies and technical issues in the Trust Law […]