The Updater: Current Developments In Cayman’s Legal And Regulatory Environment

Corporate Mergers and Partnership Dissolutions

Cayman has grown to be one of the largest international financial centres in large part by continuing to evolve its legislation. Two cornerstone's of Cayman's legislative framework are the Companies Law and the Exempted Limited Partnership Law, both of which are to be amended in April 2009. The Companies Law amendments introduce more efficient and cost-effective means of merging or consolidating companies while preserving protections for secured creditors and dissenting minority shareholders. The amendments to the Exempted Limited Partnership Law bring the regime for the winding up and dissolution of partnerships into line with the new provisions relating to the winding up of companies which came into effect on 1 March 2009. Detailed Client Briefings on these changes are being distributed along with this Updater and are also available for viewing or downloading from our website at www.ogier.com.