Cayman Law Firm
Solomon Harris is a full service corporate/commercial law firm specialising in international offshore work with recognised expertise in a number of niche areas, including investment funds, captive insurance, capital markets and corporate restructuring/insolvency. The firm has developed a reputation as one of Cayman's top tier firms for providing effective offshore legal solutions, both promptly and efficiently. The firm continues to be recognised as a top ranking Cayman firm by the leading UK international law firm directories, such as Chambers Global and Legal 500 and is perceived in the market as a more "nimble" alternative to its larger competitors with a complement of very experienced lawyers across all work groups.
Nature of Practice
Solomon Harris' reputation has been built on its consistent responsiveness to client needs and its straightforward, commercially focused advice. The firm's clients include major financial institutions, public and private companies, high net worth individuals, major onshore law firms and accounting firms, including a number of well-recognised names such as Société Générale, Unibanco, Banco Itau, Harcourt and PricewaterhouseCoopers. In addition to providing services directly to clients, the firm has also assisted clients by providing management of legal counsel in other Caribbean jurisdictions. Read more +
One commentator makes the following observation about the firm, "Peers compliment the firm's ability to excel in more complex deals, and the team is certainly moving in the right direction".
Although the Firm is structured in departments (Corporate/Commercial; Dispute Resolution, Insolvency and Corporate Recovery; and Local Practice/Banking), the boundaries between the departments are very fluid and frequently work is handled on a cross-departmental basis.
The firm's main practice areas, in alphabetical order, are: Capital Markets; Company and Partnership Formation; Corporate Recovery/Insolvency; Dispute Resolution; Employee Benefits; Finance; Insurance; Investment Funds and Private Equity Funds; Listing Services, Local Commercial, Banking and Licensing; Mergers, Acquisitions and Joint Ventures; Private Client (trusts, wills, probate, estate matters); Real Estate/Property Law. read less --
Redemption payments made when insolvent are unlawful, but so what?
The Judicial Committee of the Privy Council in London (JCPC), the highest court of appeal of the Cayman Islands, found that redemption payments to a former shareholder that are made from the share premium account are payments out of capital. It also found that if such payments are made when the compa...
The Cayman Islands Beneficial Ownership Register and why your captive shouldn’t need one
New legislation came into force on 1 July, 2017 in the Cayman Islands (‘Cayman’) requiring all companies and limited liability companies (‘LLCs’) registered in Cayman (and their subsidiaries) to establish and maintain a beneficial ownership register (‘BOR’), unless they are ‘exempted’...
Ordinary decent dishonesty
In a unanimous decision, the United Kingdom Supreme Court (‘UKSC’) has decided that in future criminal and civil cases the test for dishonesty should be that by the standards of ordinary decent people the person’s conduct was dishonest. Before this decision this objective test was that applied ...