Cayman IslandsAntitrust/Competition Law
Introduction
Private Banking is an often used, but loosely defined term, which may be interpreted in several different ways. It encompasses the provision of banking, investment and trust services to the high net worth individual. Cayman is a leading offshore financial centre and is one of the few equipped to provide "one-stop shopping" to those with a long list of requirements to be met offshore. In the United States, within the international business community, Cayman enjoys an excellent reputation and is widely and increasingly used as the offshore domicile of choice. In the United Kingdom and the rest of Europe, however, Cayman's reputation and employment as an offshore financial centre is less certain, largely due to poorly researched and misinformed tabloid journalism, which tends to focus on perceived negative aspects of Cayman's stringent confidentiality provisions.
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