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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 ...
Anthony Travers, OBE was the chairman of the Board of Cayman Finance from 2009 to 2011. [1] Travers is also the Chairman of the Cayman Islands Stock Exchange and former Senior Partner and Managing Partner of international law firm Maples and Calder.
The Exempted Limited Partnership Law, 2014 (Law 5 of 2014) is a statute of the Cayman Islands. It was passed on 2 July 2014. It was passed on 2 July 2014. Section 50 of the Law repeals the Exempted Limited Partnership Law, 2013 .
The Cayman Islands Monetary Authority (CIMA) is the primary financial services regulator of the Cayman Islands and supervises its currency board. [2]The CIMA manages the Cayman Islands currency, regulates and supervises financial services, provides assistance to overseas regulatory authorities and advises the Cayman Islands government on financial-services regulatory matters.
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.
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 Law is designed to enable the Cayman Islands Monetary Authority (“CIMA”) to, amongst other things, approve or deny applicants for registration or licensing as directors and retain detailed information on directors for the purposes of both assisting overseas regulatory authorities and carrying out its own regulatory functions.
In Cayman it is possible to register a trust as an Exempt Trust [6] however it is voluntary registration regime only, so most trusts remain unregistered. As most Cayman trusts are therefore private arrangements, it is hard to give exact figures for the popularity of AP Trusts governed by Cayman law.