Most Read Contributor in Cayman Islands, December 2016
This article first appeared in Volume 20 Issue 6 of Trusts
& Trustees, published by Oxford Journals in June 2014. A
full copy of the article can be viewedhere.
In this article, Tony Pursall and Richard Grasby review the
Cayman Islands' plan to introduce the foundation as a new type
of non-profit company. It will share many of its features
with regular companies and fit seamlessly into the Islands'
legal regime. Foundations may be established for commercial,
charitable, philanthropic or private purposes, or any combination
of them. It is anticipated that foundations will have a wide
range of uses such as special purpose vehicles in finance
transactions, as private trust companies, as succession planning
vehicles and for any purpose for which a trust is currently
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Whenever a corporate entity or an individual decides to establish a company in the United Arab Emirates ("UAE"), choosing the appropriate location is of vital importance for the future economic success.
Confidentiality of corporate documents and information is one of
the key attractions of incorporating a company in the BVI. A
company search of the BVI Registrar of Corporate Affairs will only
disclose certain information and documents.
Credit Suisse released an excellent research paper at Davos this year entitled "How Corporate Governance Matters". Coming at the end of a flurry of corporate governance scandals that were operatic in colour and scale, . . .
It is common for Jersey trusts to include provisions appointing a protector and vesting in the protector varying degrees of responsibility for overseeing or intervening in the administration of a trust.
This measure is intended to support the development of Family Businesses in building internal capacities and supporting them in the transfer of their business activity.
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