Article by Ian Ashman and Julian Black
Introduction - Overview of the Jurisdiction
The Cayman Islands are one of the world's leading financial centres and are a major provider of services for the purposes of structured finance transactions. The financial services industry in the Cayman Islands has developed over nearly four decades and has in place a framework of commercial legislation which is both modern and flexible to be able to meet the requirements of innovative financing structures. As a jurisdiction, the Cayman Islands offer efficiency, stability and professionalism. They have a constitutional relationship with the United Kingdom (being a British Overseas Territory), as a result of which the Cayman Islands enjoy an AAA sovereign risk rating and have autonomy in respect of domestic matters such as taxation and financial regulation.
