Cayman Islands Company Law, governed by the Companies Act (2023 Revision), outlines the legal framework for establishing, managing, and dissolving companies in the Cayman Islands. The law is particularly favorable for international businesses due to benefits like tax neutrality, confidentiality, and a straightforward incorporation process. Companies can choose various structures, such as exempted companies, which are meant for businesses primarily operating outside the Cayman Islands. This legal framework allows for flexibility in corporate structuring and encourages foreign investment, making the Cayman Islands a premier jurisdiction for international business activities.
What Is Fraudulent Trading?
Section 147 of the Cayman Islands Companies Act addresses fraudulent trading during the winding-up process of a company.
It stipulates that if a company is found to have been involved in fraudulent activities, such as conducting business with the intent to defraud creditors or for any fraudulent purpose, individuals responsible may be personally liable to make contributions to the company’s assets. If you’re facing issues related to fraudulent trading, our team can provide expert guidance to protect your business and personal interests.
Our business law services in the Cayman Islands include…
Regulatory compliance and audits
We assist businesses in ensuring compliance with all Cayman Islands regulations, including those related to financial services, investment funds, and corporate governance. Our team conducts thorough audits to identify potential compliance risks and help businesses stay aligned with legal requirements, mitigating the risk of penalties and legal disputes.
Finance, funds, and investment
Nelsons Legal provides expert advice on various finance and investment matters, including establishing and operating investment funds, private equity, and venture capital structures. We offer guidance on fund formation, investor relations, and compliance with the Cayman Islands regulations, helping businesses navigate investment landscapes and secure capital for growth.
Licensing and corporate governance
We guide businesses through obtaining necessary licenses and approvals for their operations in the Cayman Islands. Our team is well-versed in local licensing regulations for financial services, insurance, and other sectors. We also assist with governance matters, helping businesses establish clear, effective structures to ensure operational efficiency and legal compliance.
Mergers, acquisitions, and liquidations
Whether you’re looking to acquire a business, merge with a partner, or navigate the liquidation process, Nelsons Legal offers tailored Cayman Islands business law services to help you achieve your goals. We provide strategic advice on structuring deals, conducting due diligence, and managing post-transaction issues, ensuring smooth transitions and protecting your interests throughout the process.
Why Choose Us For Your Business Law Needs in the Cayman Islands
Nelsons Legal is a well-established law firm in the Cayman Islands known for its pragmatic approach to the law. We work with clients globally, with a particular focus on the US and the Middle East, and provide practical legal solutions. Our attorneys are trained mediators and arbitrators, skilled in de-escalating disputes and facilitating cost-effective resolutions. Whether you need assistance with regulatory compliance, mergers, acquisitions, or other business law matters in the Cayman Islands, we’re here to help. Contact us today to schedule a consultation and benefit from our dedicated counsel.
