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...

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...

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...

Movements in global tax climate a plus for offshore

Tax advantages make investing in Cayman Islands property extremely attractive.

Finding balance in a tough economy

The scenario is no different when it comes to governments, with some of the largest economies in the world struggling with enormous deficits and record borrowing that have pushed some into teetering on the brink of collapse.

Opportunity knocks

 It is certainly not a secret that the volume and value of real estate transactions has fallen dramatically over the last two years. Statistics from both Lands & Survey and CIREBA, our real estate association have confirmed that time and time again. 

Happy New Year?

Hopefully amidst all the financial woes and gloomy predictions, we will all find time to give thanks for all the blessings we have received over this past Christmas Season.

Cayman Islands property means spreading the risk

There are so many benefits that can be enjoyed by owning a property in the Cayman islands, not least of which is that it is a beautiful jurisdiction with year-round sunshine and just an hour’s hop from the States, so buying a home in the Cayman Islands should be at the heart of any investors wealth management programme.   

 

Cayman – a solid force in a sea of change

These past few years have seen massive upheavals in the economies of many countries around the world, big and small, yet Cayman remains strong as a resilient jurisdiction that continues to offer a professionally skilled workforce second to none, opportunities for growth, innovation in development and a lifestyle that is still envied the world over. 

 

The true meaning of diversification

The economic headlines over the summer very much concentrated on jitters on the world markets which forced dramatic drops in the various international indexes, yet digging a little deeper behind the headlines gives a picture of steady, if painfully slow, growth in the US which ought to be carefully considered against this backdrop of market freefalling.

The various roles of the successful family office

As technological advances have eased international travel and communication, the homes, education, investments and business interests of high net worth families are no longer...

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...

Timing is everything

When opportunity knocks…time is of the essence and timing is everything, all these phrases epitomise the current timing of the real estate market in the Cayman Islands.

Data protection update

In an article published in the Cayman Financial Review in the third quarter of 2016, I talked about the English case of Dawson-Damer &...

Hard assets for hard times

The frustrating part is that sellers do not want to hear what we have to tell them, in other words, that their property is not worth what they think it is and that they have to list lower if they expect to get their property sold. This was an inevitable reaction to the worldwide economic crisis, which is heavily affecting the US. Real estate values had been inflated in the US for some time and it was only a question of when (not if) their market would turn. That, combined with the decline in the stock market and very tight credit, has made it difficult for many Americans to make discretionary purchases. As much of our buying pool is from within the US, the slowing of our real estate market should surprise no one.

 

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.   

 

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’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.

 

Real estate: The third pillar of Cayman’s economy

It is well understood that the first two industry power houses have been mainstays of the economy over the years; however the real estate and development industry has been intrinsically linked to both tourism and financial services, providing the physical framework within which both can operate, while at the same time contributing significant sums to the Cayman Islands government’s finances and the country’s economy as a whole.

Offshore jurisdictions still under scrutiny

Keeping Cayman’s primary industry on track means real estate can continue its upward trajectory.

 

- Advertisement -