Archive for January, 2015

Offshore lawyers shape legislation to boost earnings

Thursday, January 22nd, 2015

The Cayman Islands Law Society has continued its constructive engagement with government and has had a particularly busy year in 2014, the president of the Cayman Islands said. Although lawyers are involved pro bono in reviewing and contributing to laws across the board, Alasdair Robertson said the work of the Financial Services Legislative Committee (FSLC) was some of the most important because it helped to generate new products and revenue for the country.

Speaking at the opening of the Grand Court last Wednesday, Roberston said the society had also been involved, at the request of the Law Reform Commission, on proposals over directors duties, which he said had become a relatively hot topic in recent years.

The flagship of the laws reviewed by the FSLC last year, Robertson said, was the substantial revision to the Exempted Limited Partnership Law and the introduction of the Third Parties Rights Law.