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ARTICLE · 19 DECEMBER 2024

Insolvency 2024

Baker & Partners LLP
Baker & Partners LLP
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Baker & Partners LLP

Baker & Partners LLP

The Cayman Islands office was opened in late 2020 with Robert Jones as the sole attorney. The...

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2024 has been a record year for the Cayman Islands, with the Cayman Islands Monetary Authority announcing that as of 15 August 2024, the Cayman Islands had a record-breaking total of 30,038 registered investment funds...

Cayman IslandsInsolvency/Bankruptcy/Re-Structuring
Adam Crane
Adam Crane
Jennifer Colegate
Jennifer Colegate
Nicosia Lawson
Nicosia Lawson
Shula Sbarro
Shula Sbarro
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Introduction

2024 has been a record year for the Cayman Islands, with the Cayman Islands Monetary Authority announcing that as of 15 August 2024, the Cayman Islands had a record-breaking total of 30,038 registered investment funds (including 17,080 private funds and 12,958 mutual funds).

This continues the Cayman Islands' dominance as a leading investment fund domicile (second to the United States). The Cayman Islands is also recognised as a leading jurisdiction for insurance companies with 700 insurance companies and the second-largest jurisdiction for captive insurance.

According to Cayman Finance, in the digital asset space, the Cayman Islands is home to about 50% of the world's crypto hedge funds and home to some of the largest (by treasury size) decentralised autonomous organisations (DAOs).

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