Our Head of Private Client and Trusts, Robert Mack, takes a look at Foundation Companies in the Cayman Islands and how they differ to trusts in the private client context. In late 2017, Foundation Companies in the Cayman Islands were Read more +
HSM’s newest Senior Associate Adam Crane has been called to the Cayman Islands Bar on November 6, 2018. Adam’s admission was moved by HSM Partner Ian Lambert, who summarised his qualifications for Justice Richard Williams. Adam hails from Nova Scotia, Read more +
Partner and Immigration Expert, Nick Joseph explores The Immigration (Amendment) Law, 2018 (“the Amendment Law”) that came into effect on 13 August 2018, and following this passage, new opportunities present themselves for persons who are married to a Caymanian and Read more +
The Cayman Islands is recognised as one of the most prestigious flag states internationally and is a popular and attractive base for the registration of foreign owned vessels. The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, Read more +
STEP TQR: Cayman Foundation v Star Trust
HSM’s Robert Mack, Head of Private Client & Trusts, explores the main uses of a Cayman Islands Foundation Company (FC). Including succession planning, charitable/philanthropic and commercial applications. Further, the various ‘actors’ in an FC are detailed and their roles explained. The strengths and weaknesses of an FC are compared and contrasted with those of Cayman Islands trusts, including private purpose/STAR trusts.
Source – STEP Trust Quarterly Review, June 2018: www.Step.org/TQR