Carey Olsen

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Carey Olsen
Contributions by Carey Olsen

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BVI/Cayman Islands trusts comparison
BVI/Cayman Islands trusts comparison
Practice notes

This Checklist, produced in partnership with Mourant Ozannes and Carey Olsen, compares the British Virgin Islands (BVI) and the Cayman Islands in relation to trust law. It considers the following: application of English law, constitutional status, principal trusts legislation, trustees, reserved powers, types of trusts, non-charitable purpose trusts, maximum trust duration, firewall legislation provisions, asset protection laws, registration and filing requirements, etc.

Cayman Islands STAR trusts—common uses
Cayman Islands STAR trusts—common uses
Practice notes

This Practice Note, produced in partnership with Mourant Ozannes and Carey Olsen, summarises the common uses of Cayman Islands STAR trusts, including setting up a trust of a perpetual nature, for commercial transactions, to deal with potentially vexatious or contentious beneficiaries, for philanthropic purposes, to hold shares in private companies or of particular assets and for investment (unit trusts).

Cayman Islands STAR trusts—drafting
Cayman Islands STAR trusts—drafting
Practice notes

This Practice Note, produced in partnership with Mourant Ozannes and Carey Olsen, addresses the issues relating to the drafting of Cayman Islands STAR trusts.

Cayman Islands STAR trusts—management
Cayman Islands STAR trusts—management
Practice notes

This Practice Note, produced in partnership with Mourant Ozannes and Carey Olsen, addresses certain aspects of the management and administration of Cayman Islands STAR trusts. It covers Part VIII of the Trusts Law (2020 Revision), the management and administration of STAR trusts, new STAR trusts, the enforcer, STAR trust trustees, trust records, the uncertainty of objects, cy-près, theft in STAR trusts, the change in the governing law and land in the Cayman Islands.

Cayman Islands trusts—jurisdictional background and legal framework
Cayman Islands trusts—jurisdictional background and legal framework
Practice notes

This Practice Note, produced in partnership with Mourant Ozannes and Carey Olsen, examines the jurisdictional background of the Cayman Islands. The Cayman Islands are a British Overseas Territory and the governor is appointed by the Government of the UK. It has a Chief Justice and a number of full and part time judges. The Cayman Islands Confidential Information Disclosure Law, 2016 governs the disclosure of confidential information either arising in or brought into the Cayman Islands.

Cayman Islands trusts—key features of Cayman Islands trusts law
Cayman Islands trusts—key features of Cayman Islands trusts law
Practice notes

This Practice Note, produced in partnership with Mourant Ozannes and Carey Olsen, discusses the legal framework and features of Cayman Islands’ trusts law, including reserved power, STAR trust, rights to information, variation of trusts, etc.

Cayman Islands trusts—types of trusts and practical application
Cayman Islands trusts—types of trusts and practical application
Practice notes

This Practice Note, produced in partnership with Mourant Ozannes and Carey Olsen, introduces the most common types of trusts established in the Cayman Islands, including discretionary trusts, STAR trusts, life interest trusts, etc. It also discusses the practical applications of trusts in the Cayman Islands such as for preservation of wealth, succession planning, excluding recognition of foreign heirship rights, etc.

What is an offshore trust?
What is an offshore trust?
Practice notes

This Practice Note, produced in partnership with Mourant Ozannes and Carey Olsen, explains the term ‘offshore trust’. It also provides a summary of the key differences between onshore and offshore trusts as well as an overview of the three most commonly used types of offshore trust, ie discretionary trusts, life interest trusts and hybrid trusts.

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