The Perpetuities (Amendment) Act, 2024 (the “Act”) has taken effect in the Cayman Islands, providing for the disapplication of the rule against perpetuities for Cayman Islands ordinary trusts. This legislative development...more
The Cayman Islands is in the process of implementing fundamental changes to its beneficial ownership regime. Most significantly, these include the removal of exemptions applicable under the previous regime, as well as more...more
Many high-net-worth individuals and families use a private trust company (PTC) when looking to structure their family wealth. Given that settlors of trusts are sometimes reluctant to relinquish control over the assets...more
11/9/2023
/ Board of Directors ,
Cayman Islands ,
CIMA ,
Companies Act ,
Corporate Management ,
Corporate Structures ,
Philanthropy ,
Private Foundations ,
Private Trust Companies ,
Regulatory Requirements ,
Shareholders ,
Trustees ,
Trusts ,
Wealth Management
Family offices can come in a wide variety of shapes and sizes, but their overarching function is to serve the needs of a wealthy individual or family group. With increasing diversity in the types of “family offices”, there is...more
Cayman Foundation Companies are booming in popularity. Statistics from the Register of Companies have shown a significant uptick in registrations in recent months.
2021 saw 281 per cent year-on-year growth in the...more
STAR Trusts are a form of trust that is exclusive to the Cayman Islands (Cayman), and which have a wide variety of practical applications. The unique features of a STAR Trust provide clients with structuring options that are...more
11/18/2021
/ Beneficiaries ,
Cayman Islands ,
Commercial Use ,
Duration of Status ,
Duty of Confidentiality ,
Enforcement ,
Family Businesses ,
Initial Public Offering (IPO) ,
Jurisdiction ,
Philanthropy ,
Special Purpose Acquisition Companies (SPACs) ,
Trustees ,
Trusts
Robert Lindley and Wesley O’Brien provide a step-by-step guide to dealing with missing or uncooperative beneficiaries -
It will be important for the trustee to be capable of demonstrating that it has made sufficient...more
Offshore: What is appropriate?
Robert Lindley and Wesley O’Brien discuss cases where offshore family courts act as auxiliaries to those onshore -
Generally, for a foreign judgment to be capable of enforcement in an...more
10/14/2021
/ Beneficiaries ,
Cayman Islands ,
Divorce ,
Family Law Courts ,
Foreign Judgments ,
Foreign Jurisdictions ,
International Litigation ,
Joinder ,
Jurisdiction ,
Trust Deeds ,
Trustees ,
Trusts ,
UK
Welcome to the fifth edition of our Private Client Bulletin, bringing you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.
In this issue, we have several notable...more
8/10/2021
/ Appeals ,
Asia ,
Beneficiaries ,
Bermuda ,
British Virgin Islands ,
Cayman Islands ,
Corporate Governance ,
Divorce ,
Evidence ,
Investment ,
Piercing the Corporate Veil ,
Private Company Shares ,
Probate ,
Real Estate Investments ,
Residency Status ,
Settlors ,
Taxation ,
Trusts ,
Witness Statements