Louise Groom

Louise Groom

Harney Westwood & Riegels

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Cayman Islands: The Contracts (Rights of Third Parties) Law 2014

The Contracts (Rights of Third Parties) Law 2014 (the Law) came into force on 21 May 2014. Subject to certain exemptions, the Law allows for the direct enforcement of contractual rights by third parties in contracts to which...more

6/11/2014 - Contract Drafting Contract Formation Third-Party Relationships

Islamic finance: From the Cayman Islands to the Middle East and beyond

Benefits of using a Cayman SPV in Islamic financing - There are numerous reasons for Cayman’s popularity among Islamic investors. As a British Overseas Protectorate, Cayman is politically stable and its laws are based...more

3/12/2014 - Foreign Banks Religion Religious Institutions

Cayman Islands retain Moody's Triple A rating

The Cayman Islands Ministry of Public Finance has reported that the jurisdiction has retained its very high “Aa3” rating from Moody’s, one of the world’s foremost financial rating agencies. Cayman has held this status...more

1/21/2014 - Moody's Offshore Banks Rating Agencies

Segregated Portfolio Companies

Any Cayman Islands exempted company (the most common Cayman corporate vehicle limited by shares), including those to be established as funds, may be registered as a segregated portfolio company (an SPC). Registration as an...more

1/24/2013 - Directors Fiduciary Duty Liquidation Receivership Ring-Fencing Segregated Funds Segregated Portfolio Companies

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