Cayman Law Firm
After 20 years of providing high quality Cayman legal advice, the partners of Solomon Harris wanted to be able to offer their clients more choice. The firm has therefore recently merged with offshore law firm, Bedell Cristin. Solomon Harris continues to specialise in international offshore work and has recognised expertise in a number of niche areas, including investment funds, captive insurance, capital markets, immigration, real estate and corporate restructuring/insolvency. Both Solomon Harris and Bedell Cristin have earned reputations as being among the top firms for providing effective offshore legal solutions. Being part of the Bedell Cristin partnership gives Solomon Harris' clients access to the highest quality BVI, Cayman Islands, Guernsey and Jersey legal advice. Solomon Harris will rebrand as Bedell Cristin at a later date.
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 --
Fairfield Sentry: Privy Council confirms that New York Courts can apply BVI Insolvency law to void preference payments
The Judicial Committee of the Privy Council (the ‘Privy Council’) delivered its decision in the latest round of Madoff litigation on 20 May 2019. It is the highest court of appeal for the British Virgin Islands (‘BVI’) and it found that BVI insolvency legislation could be applied by a court o...
Cayman issues Industry Advisory on Economic Substance Regulations and Guidance v2.0
In an Industry Advisory dated 3 May 2019, the Cayman Islands (‘Cayman’) Department for International Tax Cooperation (‘DITC’) advises that the The International Tax Co-operation (Economic Substance) (Amendment of Schedule) (No. 2) Regulations, 2019 (‘Regulations’) and the Economic Substan...
New Cayman Bill to expand the definition of ‘money laundering regulations’
If passed into law in its current form, The Monetary Authority (Amendment) Bill, 2019 (‘Bill’) published in the Cayman Islands (‘Cayman’) Gazette, will amend the Monetary Authority Law (2018 Revision) (‘MAL’) to clarify the definition of ‘money laundering regulations’. The defini...