Cayman has long been at the cutting-edge of developments in
international trusts law, cementing its place as a market-leading
international financial centre ("IFC")
and jurisdiction of choice for ultra-high net worth families.
The latest amendments to its Trusts Law (the "Law"), introduced by the Trusts (Amendment) Law, 2019 (the "Amendment") which came into force on 14 June 2019, are no exception. Designed to enhance the supervisory jurisdiction of the court in the administration of trusts, the Amendment brought with it clarity, flexibility and pragmatic refinements.
Originally published in Trust Cayman Magazine 2019-2020
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