HSM LAW
Navigating Shareholder Disputes: Winding Up on ‘Just and Equitable’ Grounds in the Cayman Islands
Shareholder disputes can arise from a variety of causes ranging from mismanagement and lack of transparency to personal fallouts among business partners. These issues are particularly acute in privately held companies, where relationships often blur the line between personal and Read more +
The Grand Court Reaffirms the Foundational Importance of Pleadings in Civil Litigation
Highlighting a recent case in the Cayman Islands, [2025] CIGC (FSD) 44 – Re Rasmala Trade Finance Fund (2) (“Re: Rasmala Trade Finance Fund (2)”), HSM Partner and Head of Litigation Kerrie Cox covers an important and often overlooked distinction Read more +
Vote HSM! Best of Cayman Islands 2025 Awards
We are proud to share that HSM has been nominated for the following Best of Cayman Islands categories: Immigration Law, Family Law, Divorce Law, Law Firm, Estate Law, and Immigration Services. Thanks to your support we won Gold in 2023 Read more +
HSM Response to Term Limits for Non-Caymanian Civil Servants
On 22 May 2025, the Government of the Cayman Islands published their intention to introduce term limits for non-Caymanian civil servants in the Cayman Islands. Civil servants have always been excluded from term limits. As such, these changes will require Read more +
Cayman Pension Update as a Result of COVID-19
In what will be seen by some as a welcome measure by the Cayman Islands’ Government, the Premier announced two proposed legislative changes to the National Pensions Law (2012 Revision) during the daily COVID-19 press conference on April 20 2020.
Firstly there would be a 6 month pension ‘holiday’ which would operate retroactively from April 1 2020. This means that pension contributions paid by both the employer and employee would be suspended during the period until November 1 2020.
Secondly, ‘eligible’ persons will be permitted to withdraw up to 100% of the commuted value of their pensions which will be capped at CI$10,000. Those persons with a commuted pension value of over CI$10,000 may withdraw an additional 25% of their remaining pension pot.
For example, an individual who has a commuted pension value of CI$100,000, may withdraw CI$10,000 + (25% x CI$90,000) = CI$32,500.
Withdrawals will be taken as a single lump sum and the proposed scheme applies to anyone contributing to a private pension. It does not, however, apply to those persons currently drawing on their pensions.
Cabinet will be considering the proposed changes and the corresponding legislation will be placed before the Legislative Assembly on Wednesday (April 22 2020)/Thursday (April 23 2020) before passing into law. The mechanics of the application process has not yet been set out.