Twitter Logo Youtube Circle Icon LinkedIn Icon

Cayman Islands

The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.

Chapters Name Firm Section Work Area Firm ID Lawyer ID Office URL Lawyer URL

Cayman Islands > Legal market overview > Law firm and leading lawyer rankings

Editorial

Who Represents Who

Find out which law firms are representing which Legal market overview clients in Cayman Islands using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

CLICK HERE TO VISIT THE WHO REPRESENTS WHO SITE

The Cayman Islands (Cayman) is globally recognised as a leading international financial centre and preferred investment funds domicile. As of December 2016, there were over 10,500 funds registered with the Cayman Islands Monetary Authority (CIMA) under the Mutual Funds Law, with approximately 85% of the world’s hedge funds being Cayman-domiciled. Significant numbers of private equity and other closed-ended alternative investment funds are also Cayman-registered but they are not required to be CIMA-registered.

Key legislative developments that Cayman’s practitioners recently advised on include The Cayman Islands beneficial ownership regime (Regime), which came into force in July 2017. The Regime established a secure, non-public centralised platform through which the beneficial ownership information of in-scope companies (ISCs) must be maintained; both ISCs and ISC-Registrable Persons must be Regime-compliant.

Major legal market developments included Cayman-headquartered Walkers Cayman launching a Guernsey office in late 2016, through a merger with local firm AO Hall, while at the end of 2016 Carey Olsen opened a Hong Kong office, relocating litigator Michael Makridakis to head it up, and corporate, commercial and finance transactions specialist Anthony McKenzie moved to the firm’s Singapore office to bolster the firm’s business development strategy in Asia.

Previously appearing within the Legal 500’s Cayman corporate and commercial chapter, for the 2018 edition Cayman banking, finance and capital markets work has a standalone section, which has been introduced to reflect the significant growth of this practice area.

It would be remiss of us to ignore the ‘Paradise Papers’ leak of November 2017, which involved the leaking of millions of financial documents that were quickly obtained by the press. Over half of those documents came from Appleby and Estera, Appleby’s former fiduciary arm. Naturally, this led to much international press attention for Appleby, which was founded in Bermuda and also has offices in the Cayman Islands and the British Virgin Islands.

It remains to be seen the extent to which this adverse publicity will impact the firm’s reputational credibility (and thereby the volume and consistency of its work for a premium client base). But at this stage – we write this mere weeks after the leak – it is too early to allow even this level of press attention to affect our rankings.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Cayman Islands

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to