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The law of the Cayman Islands is a combination of common law and statute, and is based heavily upon English law. Law in the Cayman Islands tends to be a combination of the very old and the very new. As a leading offshore financial centre , the Cayman Islands has extremely modern statutes dealing with company law , insolvency , banking law ...
The Cayman Islands Court of Appeal is the highest court on the Islands, but a final appeal may be heard by the Judicial Committee of the Privy Council sitting in London. The Grand Court, ranking below the Cayman Islands Court of Appeal, was first created in 1877 as a court of special limited jurisdiction by statute.
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
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She moved to the Cayman Islands in September 1998, where she served as a magistrate in the Summary Court for ten years and as chief magistrate for three years. [ 3 ] [ 6 ] [ 7 ] She was an acting judge for the Grand Court of the Cayman Islands in 2006 and was an appointed member of the Cayman Islands Panel of Acting Grand Court Judges in 2013.
The current Constitution of the Cayman Islands, the fourth written constitution for the Cayman Islands since 1959, was established by "The Cayman Islands Constitution Order 2009" of 10 June 2009, and came into force on 4 November 2009, by a proclamation published by the governor of the Cayman Islands.
The Parliament of the Cayman Islands is the unicameral legislature of the British Overseas Territory of the Cayman Islands. It is composed of 21 members; 19 elected members for a four-year term and two members ex officio. [1] The Governor may at any time, by Proclamation, prorogue or dissolve the Parliament.
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