Cayman law firms optimistic about future of jurisdiction

Cayman Islands supplement 2011


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. Ove