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ARTICLE · 03 JUNE 2019

Significant Changes To Cayman Islands Trusts Law

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The well-established regime for trusts in the Cayman Islands has been improved by significant changes to the Trusts Law pursuant to The Trusts Law, 2019, gazetted on 15 May 2019.

Cayman IslandsCorporate/Commercial Law
Carlos De Serpa Pimentel
Carlos De Serpa Pimentel
Esmond Brown
Esmond Brown
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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 by way of a commencement order.

The Amendment furthers Cayman's reputation as a world class trusts jurisdiction by enhancing the inherent jurisdiction of a Cayman Islands court in relation to the administration of trusts. The changes, brought about as a result of a report by the Cayman Islands Law Reform Commission on Cayman's trusts law, have the support of Cayman's Judiciary and Cayman's STEP branch.

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