29 November 2023

Cayman: The global capital of offshore disputes

Dominic Carman examines why litigants seeking to vindicate or enforce their rights with minimal risk increasingly flock to the Cayman courts.

International investors choose the Cayman Islands (Cayman) for a wide variety of reasons.

In doing so, they use Caymanincorporated entities, confident that any subsequent disputes will be resolved by the Cayman courts with the Privy Council as the final court of appeal. That confidence is founded on the certain knowledge that the jurisdiction is very well served by an abundance of high-quality international law firms with local offices, a specialist judiciary (The Financial Services Division of Cayman’s Grand Court) that wins numerous plaudits for its quality and bench strength, and the ready availability of top-drawer commercial silks from London to argue the highest value, most complex cases in front of them.

Typically, these cases relate either to investment fund disputes or Asian-based businesses – both public and private – which structure through Cayman for operational and tax reasons: for example, nearly 60% of Hong Kong Stock Exchangelisted companies are Caymanincorporated with most having their principal operations in the PRC.

Related News

February 2024 News

Diversity: The way we were

What is diversity? Despite a multiplicity of available definitions, there is no straightforward answer to this apparently simple question. Indeed, the 5.6 billion results provided by a quick Google search of the word shows that diversity ranks midway between comparable searches for the word God (6.6 billion) and religion (4.6 billion).

February 2024 News

Diversity: The way we live now

No one can doubt that law firms are significantly more diverse than they were a generation ago.

February 2024 News

Diversity: The shape of things to come

Predicting the future is always dangerous. But one prediction can be made with a degree of certainty: the more diverse that law firms become, the less their commitment to diversity will need to be analysed and discussed.

February 2024 News

Diversity and inclusion in the legal profession: A personal perspective

Drawing on her own experience, Tameka Davis, Partner and Chair of Conyers’ Global Diversity and Inclusion Committee, outlines her thoughts on D&I priorities