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ARTICLE · 11 FEBRUARY 2013

Recent Cayman Islands Legal Updates

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A summary of a number of amendments to the Cayman Islands Companies Law and Exempted Limited Partnership Law.

Cayman IslandsWealth Management

The Cayman Islands Government recently passed a number of amendments to the Cayman Islands Companies Law (Companies Law) and Exempted Limited Partnership Law (ELP Law).

The register of partners of an exempted limited partnership can now be freely maintained anywhere in the world.

A long anticipated change to the ELP Law has now been passed which allows the general partner of an exempted limited partnership to maintain the register of partners anywhere in the world. 

Previously, section 11 of the ELP Law obliged the general partner to maintain, or cause to be maintained, a register of all partners at the registered office of the partnership in the Cayman Islands.  The register has to show the name, address, amount and date of any contribution or contributions and the amount and date of any repayment representing a return of any part of the contribution of any partner.

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