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ARTICLE · 08 DECEMBER 2017

Trademark Talk

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While much of the Cayman Islands' financial services legislation was written before the FinTech revolution began, recent years have seen the jurisdiction take legal and regulatory steps that will allow FinTech innovation to thrive.

Cayman IslandsWealth Management

Cayman calling

They will help FinTech thrive, but the Cayman Islands' new IP laws could also expose trademark owners to bad faith actions

While much of the Cayman Islands' financial services legislation was written before the FinTech revolution began, recent years have seen the jurisdiction take legal and regulatory steps that will allow FinTech innovation to thrive.

In particular, Cayman has the potential to become an important offshore hub for the development and commercial exploitation of IP rights with updated copyright, trademark and patent laws all coming into force during 2016 and 2017. Cayman has a large stake here.

As one of the world's leading offshore financial centres, home to approximately 70% of the world's offshore investment funds and with an absence of any direct taxation on companies or individuals, the Islands are well placed to become an attractive destination for technology entrepreneurs and a global hub for financial technologies.

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