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New Private Trust Company Regime in Cayman

September 2008

The Cayman Islands have brought into force new regulations to exempt private trust companies from the trustee licensing requirement. Until now the Cayman Islands were the only leading offshore jurisdiction to require private trust companies to obtain a trust licence. A change has also been made to the STAR trust legislation to allow an exempted Cayman Islands private trust company to act as trustee of a STAR trust.

 

To continue reading full articles in PDF format:
New Private Trust Company Regime in Cayman

 

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Articles

New Private Trust Company Regime in Cayman

23 September 2008

The Cayman Islands have brought into force new regulations to exempt private trust companies from the trustee licensing requirement. Until now the Cayman Islands were the only leading offshore jurisdiction to require private trust companies to obtain a trust licence. A change has also been made to the STAR trust legislation to allow an exempted Cayman Islands private trust company to act as trustee of a STAR trust.

 

To continue reading full articles in PDF format:
New Private Trust Company Regime in Cayman

 

 

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