1. Legal System
1.1 Legal System and Judicial Order The Applicable Legal
System of the Cayman Islands and Basic Organisation of the Judicial
Order
The Cayman Islands is a common law jurisdiction, which is based
on the English model. It comprises statute law and binding case
precedents. English and British Commonwealth case authorities are
generally persuasive, but not binding, on the Courts of the Cayman
Islands.
Cayman Islands law is derived from several sources:
- Primary legislation, ie, local statutes passed by the
Legislative Assembly of the Cayman Islands or its predecessors, and
approved by the Governor of the Cayman Islands. For example, the
Companies Act (As Revised) of the Cayman Islands (the
“Companies Act”) and the Private Funds Act (As Revised)
of the Cayman Islands;
