During the July 2024 parliamentary session in the Cayman Islands, the Perpetuities (Amendment) Bill 2024 successfully passed its second reading...
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During the July 2024 parliamentary session in the Cayman Islands, the Perpetuities (Amendment) Bill 2024 successfully passed its second reading without amendments and is now set for a third reading. This significant legislative development aims to modernise the Perpetuities Act (1999 Revision) by providing greater flexibility for trusts that do not involve Cayman land, aligning the jurisdiction with other leading financial services centres that have already abolished the rule against perpetuities. Currently, for Cayman Islands trusts other than STAR Trusts, the maximum perpetuity period is 150 years.
During the July 2024 parliamentary session in the Cayman Islands, the Perpetuities (Amendment) Bill 2024 successfully passed its second reading...
The Perpetuities (Amendment) Act, 2024 officially came into effect on 22 August 2024.
The Perpetuities (Amendment) Act, 2024 officially came into effect on 22 August 2024.
On 28 February 2024, the Cayman Islands Ministry of Financial Services and Commerce is seeking feedback on proposed amendments to the Virtual Asset...
On 28 February 2024, the Cayman Islands Ministry of Financial Services and Commerce is seeking feedback on proposed amendments to the Virtual Asset...
Harneys is pleased to announce its top tier rankings in the 2024 Legal 500 Caribbean guide. The firm has been recognised as Tier 1 for Banking,...
Harneys is pleased to announce its top tier rankings in the 2024 Legal 500 Caribbean guide. The firm has been recognised as Tier 1 for Banking,...
The recent decision of Kawaley J of In the Matter of s.5 of the Foreign Arbitral Awards Enforcement Act (the Judgment) serves as both a practical...
The recent decision of Kawaley J of In the Matter of s.5 of the Foreign Arbitral Awards Enforcement Act (the Judgment) serves as both a practical...
On 19 April 2024, the Cayman Islands government published the Anti-Money Laundering (Amendment) Regulations, 2024. Those regulations aim to improve...