Lending & Secured Finance Guide 2014: Cayman Islands

1 Overview

1.1 What are the main trends/significant developments in the lending markets in the Cayman Islands?

There have been no changes to the Companies Law (2013 Revision) of the Cayman Islands in the last 12 months that impact the Cayman Islands' reputation as an influential, innovative and creditor friendly jurisdiction. Financial institutions and corporate borrowers alike continue to rely on the current regime that recognises bi-lateral and multi-lateral set-off and netting upon the insolvency of a Cayman Islands company and statutory provisions allowing secured creditors to enforce their security, without the leave of the court or a liquidator. These legislative provisions continue to support the view that the Cayman Islands is the leading, preferred offshore jurisdiction of choice for any lending and security structure.