International Comparative Legal Guide To International Arbitration 2015 Edition

Note

All arbitrations where the seat of the arbitration is in the Cayman Islands, irrespective of where the parties are based, are governed by the Arbitration Law, 2012 (the 2012 Law). The 2012 Law is based largely on the UNCITRAL Model Law and the English Arbitration Act of 1996 (the Arbitration Act). Prior to 2 July 2012, arbitration proceedings in the Cayman Islands were governed by the Arbitration Law (2001 Revision) (the 2001 Law). The 2001 Law continues to govern arbitrations that were in progress before the implementation of the 2012 Law.

The enforcement of agreements to arbitrate in countries that are parties to the 1958 New York Convention on the Enforcement of Arbitral Awards (the New York Convention) and the enforcement of foreign arbitral awards are governed by the Foreign Arbitral Awards Enforcement Law (1997 Revision) (the Foreign Awards Law), which incorporates elements of the New York Convention into Cayman legislation.