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 --
New York Court rules that a derivative action for a Cayman Islands company can proceed without leave of the Grand Court
Reversing earlier decisions, the New York Court (‘NYC’) has found that a plaintiff bringing a derivative action in New York courts on behalf of a Cayman Islands (‘Cayman’) company does not need to obtain leave of the Cayman Grand Court beforehand. What was the issue? The matter at issue w...
Safeguarding confidential information
A recent case before the Cayman Islands (‘Cayman’) Grand Court is a reminder that the principle of open justice means that applications heard before a judge in chambers, and not in open court, are still public. If you know that confidential information will need to be disclosed in an application ...
Cayman Foundation Companies Law 2017 is now in force
The Cayman Islands (‘Cayman’) Foundation Companies Law (‘the FCLaw’) came into force on 18 October 2017. The FCLaw introduces a new non-profit investment vehicle called the Foundation Company (‘FCo’). ...