The Limited Liability Companies Law, 2016 of the Cayman Islands
(LLC Law) created a new entity, a Cayman limited
liability company (LLC), similar to its Delaware
counterpart. The LLC Law includes many concepts and provisions
from the Delaware Limited Liability Company Act, adapted to
accommodate various principles of Cayman Islands common law and
existing Cayman Islands legislation, principally the Cayman
Companies Law and Exempted Limited Partnership Law.
This memorandum highlights key differences between the
provisions of the LLC Law and the Delaware Act. However, this
memorandum does not purport to cover all of the differences between
such laws and is not to be taken as specific legal advice
applicable to particular issues or circumstances. In addition,
it may not be relied on as advice as to Delaware law on which Ogier
is not qualified to advise. Although this memorandum may refer
in certain instances to the default position under the LLC Law, the
LLC Law
