Cayman law firms optimistic about future of jurisdiction

Legal firms in the Cayman Islands are in confident mood as clarity around European Union and US regulation looks likely to give the jurisdiction more opportunities than cause for concern.

cayman-pier

At first glance little has changed in Cayman’s law firms. Look a bit closer and it is clear there has been a collective sigh of relief. The European Union’s alternative investment fund managers (AIFM) directive is clearer, albeit still a bit murky as the details are hammered out. US regulation, as expected, is benign towards the islands.

Things could have been much worse for Cayman. Many had feared a draconian regime from the EU in particular could seriously damage the future of the domicile

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