Cayman Islands
There were no notable changes to the primary trusts
legislation1 of the Cayman Islands in 2012. In addition,
no notable trust cases were reported in 2012, although the courts
were busy hearing several major trials and at least one significant
judgment is expected to be delivered in early 2013. The cases under
review have all been dealt with in the Financial Services Division
of the Grand Court, which is the division of the Grand Court
established in 2009 to deal with complex and high-value commercial
and trust litigation matters.
The Cayman Islands has entered a significant number of tax
information agreements (TIEAs), with more than 30 in force to date.
In 2012 the Cayman Islands continued to show commitment to this
process by entering TIEAs with Italy, Qatar and the Czech Republic.
The Cayman Islands remains committed to expanding its network of
TIEAs in 2013 and beyond.
