233 results found

It's trite to say that 2020 was a year marked by change. Having being bombarded with a variety of unsolicited adjustments to our daily lives, we could be forgiven for having developed a collective fear of change over the last 12 months.

Following the Settlor's death, the Trustee began preparing for the distribution of the Trust assets.

There has been debate between legal academics and trust practitioners about whether a power holder is prohibited from exercising powers of addition or exclusion of beneficiaries, or other analogous powers...

In this second instalment of our new Cayman Conversations series, Chris Duncan of Carey Olsen talks to James Long of Summit Trust about the role of the next generation of family members...

Although not yet in force (see below), the Cayman Islands has introduced a series of laws and regulations1 which will require all Cayman Islands companies and limited liability companies...

A discussion on the primary trusts legislation of the Cayman Islands.

There is an old saying, attributed to the French Philosopher Voltaire, that 'doubt is not a pleasant condition but certainty is an absurd one'.

In Kuwait Ports Authority & Another v. Port Link GP Ltd. & Ors (FSD 236 of 2020, unreported, 25 November 2021, Parker J) the Grand Court considered – for the first time in the Cayman Islands – the applicable test governing derivative claims by a limited partner.

Part VII of the Cayman Islands Trusts Act (2021 Revision) (Trusts Act) permits the creation of a special type of trust, commonly known as a 'STAR trust', which is unique to the Cayman Islands.

The Cayman Islands is one of the world's premier jurisdictions for offshore trusts, offering a secure and flexible legal framework for wealth structuring.

Over the past two years, there has been an interesting trend of courts, in certain circumstances, relying upon...

Over the past two years, there has been an interesting trend of courts, in certain circumstances, borrowing from principles of insolvency law when determining analogous questions...

Private trust companies are commonly used by high net worth families in their wealth structuring for a number of reasons.

Since the introduction of the Foundation Companies Law in 2017, Cayman foundation companies have been utilised in a variety of different structures.

Practitioners familiar with Cayman Islands trusts will know that STAR[1] trusts are statutory in origin and unique to the Cayman Islands.

On 31 July 2024, the Cayman Islands Beneficial Ownership Transparency Act, 2023 ("BO Act") and the accompanying Beneficial Ownership Transparency Regulations...

Private trust companies (''PTCS'') are increasingly being used by high net-worth private clients as part of their wealth structuring.

The Perpetuities (Amendment) Bill, 2024 (Bill) has been passed by the Cayman Islands Parliament and will come into force following royal assent on a date to be appointed by Order of Cabinet...