Varying the terms of a trust in the Cayman Islands

I took part in a telephone interview recently for a legal directory, in the course of which the question came up, as it does...

Cayman attractive for a new set of investors

There is an underlying disdain currently being expressed globally, especially within North America and Europe, with regard to the way they are being taxed, with rising taxes choking investment choices and stifling growth. Such pressures have encouraged investors to look for better ways to seek investment returns.  

 

Will the trust revolution make lawyers redundant?

What differentiates modern economies such as those of present-day Europe and North America from their primitive ancestors of 500 years ago? People living today...

How Cayman should benefit from the FATCA signing

Some see the inking of these agreements as a further erosion of Cayman’s strict privacy laws that have helped the location build a successful wealth management industry for those who need to keep their financial affairs private for reasons of safety and so on.   

 

Why Cayman Islands Trustees need to care about UK tax – December 2017

1 U.K. tax obligations of people connected to trusts Part 1 of this article, appearing in last quarter’s Cayman Financial Review, looked at the main...

Cayman real estate a smart addition to an investment portfolio

The Cayman Islands has always been an excellent market for real estate investment for overseas investors, with its close proximity to the United States, and offering stability and security as a British Overseas Territory, a plethora of ... 

 

The Non-Profit Organisations Law, 2017

This year has been a busy year, not only for legislators, but also for trusts and private client practitioners. While a great deal has...

Real Estate Review: Time for a Caymanian overhaul

As the Baby Boomers age, finding ways to earn passive income has become more important. Many of them are ready to retire from their regular jobs and have been looking to supplement pensions, retirement accounts and Social Security to enable them to retain their usual lifestyle.

Movements in global tax climate a plus for offshore

Tax advantages make investing in Cayman Islands property extremely attractive.
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Staying a step ahead: A new wealth structuring forum for Cayman

Demonstrating that the Cayman Islands is a well-regulated, innovative, and sophisticated international financial center is the responsibility of everyone who is engaged in the...

Steady as she goes…

Although our year to date sales figures cannot possibly keep pace with previous years due to the decrease in foreign investment, we would describe...

Cayman’s economy holds strong in the Caribbean

I am excited for Cayman’s future. Sensible financial management by government, developing infrastructure, coupled with an improving U.S. economy all point towards Cayman’s economy leading the region in the months and years to come.

 

Holographic wills

I have written often about the remarkable level of innovation and change that has occurred in the world over the last 30 or so...

Remedies for economic woes: cut costs and crime

So, what’s happening in the real estate market and what factors are there that may have significant impact on it in the coming months or years? 
Well, Coldwell Banker’s mid-year Market Report is now out in hard copy and on our website. There is not room to reprint it here, but in summary the last six months have continued the downward trend of prices and sales volume.  However, just in the last month or two we have seen a marked increase in activity. Why? Well, there are several possibilities.

Trustees and divorce

Recent developments in the case law of onshore jurisdictions like England and Hong Kong have only highlighted for trustees the very difficult position they...
Reading glasses and a pen sitting on top of a disclosure agreement.

Denying disclosure to beneficiaries

We are all familiar with the core principle of trust law that a trustee must account to its beneficiaries for its administration of the...

The real state of the real estate market

Some of this is the fault of the media which in recent times has become much more of a sales tool than an objective source of information. But I think some of it is also the result of focusing on short term trends rather than taking a longer term view.

Trustees and the protection of private client confidentiality

As practitioners in the financial services industry are well aware, in recent years, technological developments and changing business practices have combined to create a...

Trusts and undue influence

The courts of equity have for centuries been called upon to set aside transactions in circumstances where one person has allegedly been induced to...

Relocating to Cayman

  Pressures from international regulatory bodies placed upon entities to show a physical presence in their offshore location has meant that the Cayman Islands are quickly becoming an attractive place for relocation.
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