27/08/19

Cayman Enhances its Trusts Regime

In June 2019 the Cayman Islands introduced new legislation which makes a number of welcome changes to the jurisdiction's trust regime. The Grand Court in Cayman now has more power to correct a trustee's mistaken exercise of their powers, and more flexibility in when and how it can vary trusts, or settle trust litigation, whilst protecting unborn or minor beneficiaries.