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Rights of third parties in the Cayman Islands

The Contracts (Rights of Third Parties) Act (the Act) gives third parties the ability to enforce contractual rights expressly granted to them in Cayman Islands law governed contracts to which they are not a party, subject to certain exceptions.

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As part of the BVI’s commitment to the FATF Recommendations on the availability of basic company information via a company registry, from 1 January 2023, the names of...
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The recent amendments to the British Virgin Islands Trustee Act has rightly resurrected an old rule commonly known as the rule in Hastings-Bass which is restricted by...
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This article provides an offshore assessment of options for aggrieved beneficiaries in Asian family trusts, using the Cayman Islands and the British Virgin Islands as an...
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The BVI has significantly developed and promoted its role in international arbitration in the last decade. The BVI Arbitration Act (the Act), which is modelled on the...
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In the recent case of BEC Limited v A2 and A1, the Eastern Caribbean Court of Appeal confirmed for the first time that an order dismissing an application to set aside a...
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In the penultimate episode this season, Phil and Marc discuss the latest claims from JP Morgan CEO Jamie Dimon, the potential future of global regulation, the Mango hack...
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You will be aware from our updates issued on 18 August and, more recently on 20 September, that on 1 January 2023, various significant amendments to the BVI’s Business...
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There is no statutory codification in the Cayman Islands of the general duties, obligations and liabilities owed by directors to Cayman Islands exempted companies and...
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The Contracts (Rights of Third Parties) Act (the Act) gives third parties the ability to enforce contractual rights expressly granted to them in Cayman Islands law...
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