The same factors that enhanced the development of the banking, insurance, and mutual fund industries in the Cayman Islands proved of similar benefit to the development of the capital markets and structured finance transactions. Specifically, the political and economic stability, the absence of taxation, withholding tax and exchange control and the presence of highly sophisticated service providers provided a hospitable financial environment for the development of the debt issuing special purpose vehicle. Furthermore, the Cayman Islands Government, introduced no disincentive by way of unnecessary regulation: capital markets securitizations and the structured finance transaction falls outside from the provisions of the Mutual Funds Law. Specific legislation provided additional certainty on the question of netting and set off.

Our specialists in this area are:

 

Cayman Advantages

  • The Cayman Islands provide a hospitable regulatory environment in which to conduct structured finance transactions with an English common law base.
  • Special purpose vehicles can be structured in the Cayman Islands to be "bankruptcy remote".
  • Specific legislation provides certainty for netting and set off.
  • Cayman islands special purpose vehicles regularly receive Triple A ratings from the ratings agencies.
  • An abundance of first-class financial institutions with fully staffed branches in the Cayman Islands facilitates the establishment of structured finance transactions.
  • The trend of multinational institutions to engage in offshore structured finance transactions continues to accelerate.
  • The Cayman Islands continue to be the venue of choice from which to base complex structured finance transactions.

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  • Lawyers World Global Awards Solomon Harris
  • World Finance Awards 2012 Solomon Harris
  • IFLR 1000 2011 Recommended Firm
  • 2011 Acquisition Legal Awards
  • ACQ Law Awards 2011 Solomon Harris
  • Corporate Intl Awards Law Firm of the Year Cayman Islands
  • Deal Makers Global Awards
  • Finance Monthly Global Awards 2012 Solomon Harris
  • Solomon Harris wins IFLR Asia Awards
  • Lawyer Monthly
  • The Lawyer Top 30 Offshore
  • Captive Review's Offshore Firm of the Year award
  • IFLR 1000 2014 Recommended Firm

Solomon Harris is a member of AIMA

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 ...


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