BVI/Cayman Islands trusts comparison
Produced in partnership with Mourant Ozannes
BVI/Cayman Islands trusts comparison

The following Private Client guidance note Produced in partnership with Mourant Ozannes provides comprehensive and up to date legal information covering:

  • BVI/Cayman Islands trusts comparison

  British Virgin Islands (BVI) Cayman Islands
English law/equity Applied by the courts save to the extent modified by BVI legislation. Applied by the courts save to the extent modified by Cayman Islands legislation.
Constitutional status British Overseas Territory—self-governing member of the Commonwealth. British Overseas Territory—self-governing member of the Commonwealth.
Principal trusts legislation Trustee Ordinance, Cap 303 (as amended) and the Virgin Islands Special Trusts Act 2003 (VISTA Law). Trusts Law (2011 Revision) and the Banks and Trust Companies Law (2013 Revision).
Courts Independent court system and judiciary with the Privy Council as the final court of appeal. Member jurisdiction of the Eastern Caribbean Court System. Independent court system and judiciary with the Privy Council as the final court of appeal.
Hague Trusts Convention Most of the provisions have been adopted by legislation and many provisions are reinforced by BVI legislation relating