In this guide Harneys considers the scope of the Cayman Islands’ Confidential Relationships (Preservation) Law and the sanctions that apply to contraventions of it.
The Cayman Islands government considers the preservation of confidentiality in legitimate business dealings to be of such importance that a duty of confidence has been imposed by statute on certain categories of person in the Cayman Islands and it has been made a criminal offence to make use of, divulge, obtain or attempt to divulge or obtain confidential information. These offences, together with a number of gateways through which confidential information may lawfully be disclosed, are set out in the Cayman Islands’ Confidential Relationships (Preservation) Law (CRPL).
CRPL: an overview -
CRPL was enacted in 1976 with the intention of protecting the confidentiality of commercial activities and protecting bona fide business dealings taking place in or in connection with the Cayman Islands. Effectively CRPL seeks to place on a statutory footing the common law duty of confidentiality which is owed by a bank to its customer and to extend it to other professional relationships. A breach of that duty, unless the disclosure occurs in accordance with the provisions of CRPL, is a criminal offence.
Please see full guide below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.