03-Jul-2014

New, Improved Exempted Limited Partnership Law

New, Improved Law for Exempted Limited Partnerships

A new law that makes comprehensive improvements to the establishment and operation of exempted limited partnerships in the Cayman Islands is now in effect.
The Exempted Limited Partnerships Law, (2014) came into force following its gazettal on Wednesday, 2 July, said Minister of Financial Services, Wayne Panton.

‘The new law builds upon the success of the Exempted Limited Partnership Law that had been in place since 1991’, he noted. ‘It improves the current legislative framework by addressing numerous points raised by the international financial services industry, resulting in a better, modern framework for Cayman Islands partnerships’.

Minister Panton also said the law is an example of Government and Cayman’s financial services industry working well together.

‘The expertise in both the public and private sectors, and our strong collaboration on legislative advancements, continues to provide an excellent base for business in the Cayman Islands’, he said.
The Exempted Limited Partnerships Law (2014) can be found here.

Cayman Captive Forum

Know How

Key Issues

Latest News
Wed-Jul-25-2018
Busy season for Cayman's captives

Cayman’s insurance industry is in the midst of another busy season, with Q2 results in and plans already underway for the world’s largest captive insurance conference in November – the annual Cayman Captive Forum. The Insurance Managers Association of Cayma...

Read More ++

Sign up for our newsletter

Email