Confidentiality in the BVI and Cayman Islands


The issue of confidentiality in offshore financial centres is high on the agenda in the financial press. Whether it is banking secrecy or the disclosure requirements governing the establishment of offshore companies and trusts; legislation seeking to obtain information is at odds with the long established common law duty of confidentiality.

There are entirely legitimate reasons for confidentiality when establishing BVI and Cayman Trusts structures. In this article, first published in Private Investor magazine in 2011, Lawrie Kearns of Harneys’ Trusts Department reviews disclosure requirements on the establishment of BVI and Cayman Companies and Trust structures together with the rights of Trust beneficiaries to obtain information.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates, Finance & Banking Updates, International Trade Updates, Privacy Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Harney Westwood & Riegels | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »