Cayman Islands: CARD Admitted as Listing Agent
Last Updated: 27 October 2004

Charles Adams, Ritchie & Duckworth ("CARD"), Cayman Island attorneys-at-law, was admitted as a Listing Agent of CSX on 15th June 2004. The decision by CARD to apply for admission was prompted by the announcement that CSX was designated as a "recognised stock exchange" by the Board of the United Kingdom Inland Revenue under Section 841(1)(b) of the Income and Corporation Taxes Act 1988 on 4th March 2004.

Commenting on their admission as a Listing Agent, Richard Fear, a partner of CARD, said "we have seen a tremendous growth in our funds business during the last few years, with a significant number of funds listing their shares on the Irish Stock Exchange. Since the designation of CSX as a recognised stock exchange, interest in obtaining a CSX listing by existing and potential clients reached a level where becoming a Listing Agent made both professional and economic sense. We are very excited about this development and have received tremendous support and encouragement from the staff of CSX. The CSX Listing Rules have been written with emphasis on the disclosure of relevant information without imposing unnecessary onerous conditions – there are for example no restrictions on investment policies and no minimum subscription levels – which, together with efficient and responsive service from CSX staff, makes Cayman an attractive jurisdiction to obtain a listing."

CARD was founded in 1991 in succession to the long established firm of Charles Adams & Co. CARD operates from offices in George Town, Grand Cayman and currently has 10 attorneys and an experienced support staff of 17 members. The firm has a reputation for providing high quality and innovative legal advice to a primarily international clientele, including major financial institutions and international law firms, throughout the world. The firm offers a full range of legal services with emphasis on corporate, commercial and trust work, commercial and trust litigation and the establishment and maintenance of offshore structures.

CARD also provides for the formation of Cayman Islands companies and partnerships and offers registered office and secretarial facilities for such entities through its wholly owned and licensed corporate management company, CARD Corporate Services Limited.

For further information contact Richard Fear ( or Alan de Saram ( Website:

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