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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, trust ...
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 Cayman Islands is a leading financial services centre.. Cayman Islands company law is primarily codified in the Companies Law (2018 Revision) and the Limited Liability Companies Law, 2016, [1] and to a lesser extent in the Securities and Investment Business Law (2015 Revision).
The Cayman Islands' physical isolation under early British colonial rule allowed the development of an indigenous set of administrative and legal traditions which were codified into a constitution in 1959. A constitution, which devolved some authority from the United Kingdom to the Cayman Islands Government, was passed by referendum on 20 May ...
Cayman Islands company law (3 P) H. Human rights in the Cayman Islands (2 C) J. Caymanian judges (2 C, 4 P) L. Law firms of the Cayman Islands (3 P) T.
The Marriage Law of the Cayman Islands defines marriage as between one man and one woman. [9] The Constitution of the Cayman Islands notes the right of opposite-sex couples to marry, though it does not explicitly mention same-sex unions. [10] Since then, incremental reforms have been made to recognise some rights for same-sex couples.
Under Cayman Islands law there is no formal debtor-in-possession form of rehabilitation for companies in financial distress. However, under the Companies Law, a company may enter into a scheme of arrangement and reorganise its debts if the scheme is supported by a majority of creditors holdings 75% in value of the company's debt. [26]
The Cayman Islands (/ ˈ k eɪ m ən /) is a self-governing British Overseas Territory, and the largest by population.The 264-square-kilometre (102-square-mile) territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located south of Cuba and north-east of Honduras, between Jamaica and Mexico's Yucatán Peninsula.