Steady progress: Cayman law firms face challenge of evolving hedge fund indudstry

The events of the past two years have led to profound changes. Law firms are confident the tried and tested Cayman hedge fund vehicles will remain popular.

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Gates and suspensions may have subsided but Cayman’s legal community is busier than ever. Onshore lawyers are sending more work to Cayman lawyers. Opinions on Cayman law are being sought and ‘expert witnesses’ are appearing in US courts and elsewhere explaining Cayman law.

There is increased litigation which may have in the past caused a bit of a backlog in the Cayman courts. No longer.

Large commercial disputes are now brought in the financial services division (FSD) of the Grand Court. The FSD

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