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Cayman has introduced a new regime for the licensing and registration of directors of investment fund companies that are “regulated” under the Mutual Funds Law (2013 Revision) and directors of companies registered as “excluded persons” under paragraphs 1 and 4 of Schedule 4 of the Securities Investment and Business Law (2011 Revision).
The Cayman Islands is a leading offshore financial centre (also known as a tax haven), and financial services form a significant part of the economy of the Cayman Islands. Accordingly company law forms a much more prominent part of the law of the Cayman Islands than might otherwise be expected.
The Cayman Islands Department of Commerce & Investment, formerly known as the Cayman Islands Investment Bureau (until 2010), is a government agency that was established to promote investment in the Cayman Islands. The department offers several free services to foreign investors seeking to establish a business in the Cayman Islands.
"As one of the architects of modern Cayman, especially the financial industry, Sir Vassel guided the steady growth of these Islands as the first financial secretary. His remarkable vision set the foundation for the prosperity and economic stability of these islands. Without his input, Cayman might well have remained the islands that time forgot ...
The current Constitution of the Cayman Islands, the fourth written constitution for the Cayman Islands since 1959, was established by "The Cayman Islands Constitution Order 2009" of 10 June 2009, and came into force on 4 November 2009, by a proclamation published by the governor of the Cayman Islands.
The Cayman Islands Court of Appeal is the highest court on the Islands, but a final appeal may be heard by the Judicial Committee of the Privy Council sitting in London. The Grand Court, ranking below the Cayman Islands Court of Appeal, was first created in 1877 as a court of special limited jurisdiction by statute.
Holders of Cayman Islands passport, Montserratian passport and Turks and Caicos passport are exempt. Haiti: Visa not required [79] 3 months Honduras: Visa not required [80] 90 days Hungary: Visa not required [81] 90 days 90 days within any 180 day period in the Schengen Area Iceland: Visa not required [81] 90 days
Data requirements can also be identified in the contract via special contract clauses (e.g., DFARS), which define special data provisions such as rights in data, warranty, etc. SOW guidance of MIL-HDBK-245D describes the desired relationship: "Work requirements should be specified in the SOW, and all data requirements for delivery, format, and ...