Share on LinkedInShare on LinkedIn

ARTICLE · 10 MARCH 2014

The Exempted Limited Partnership Bill, 2014

Appleby
Appleby
Contributor
Appleby

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile
Explore more from Appleby

After an extensive industry consultation process in which Appleby was a participant, the Exempted Limited Partnership Bill 2014 was gazetted on 21 February.

Cayman IslandsWealth Management
Bryan Hunter
Bryan Hunter
Simon Raftopoulos
Simon Raftopoulos
Author LinkedIn connections

After an extensive industry consultation process in which Appleby was a participant, the Exempted Limited Partnership Bill, 2014 (ELP Bill) was gazetted on 21 February 2014. The ELP Bill represents a complete rewriting of the Exempted Limited Partnership Law (2013 Revision), which we expect will be repealed and replaced during this legislative session. Appleby sees the ELP Bill as a marked improvement over the existing law, and we believe it will make the Cayman Islands an even more attractive jurisdiction for partnerships.

The Contracts (Rights of Third Parties) Bill, 2014

Also appearing in Friday's gazette is the long-awaited Contracts (Rights of Third Parties) Bill, which will provide contracting parties with the option of extending the power to enforce a contract to third parties normally precluded from doing so by the law of privity of contract. This flexible 'opt-in' approach is a welcome development in the law of the Cayman Islands.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

CIMA’S New AML Audit Rules Effective 18 September 2026 And What Investment Funds Need To Know

The Cayman Islands Monetary Authority has introduced sweeping changes to anti-money laundering audit requirements for investment funds, mandating independent audits of entire compliance programmes by September 2026. This marks a fundamental departure from previous practice where internal AML officers could conduct their own testing, raising critical questions about implementation timelines, qualified auditor availability, and compliance costs for funds operating in the jurisdiction.
Cayman IslandsWealth Management
Dillon Eustace
Dillon Eustace
Article

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc
BermudaInsurance
Appleby
Appleby
Article

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.
BermudaInsurance
Appleby
Appleby