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Cayman Islands Companies Act

Cayman Companies Act

Updated March 2021 | Consolidated Acts

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This updated Cayman Companies Act Compendium includes amendments made by the Companies (Amendment) (No. 3) Act, 2020, sections 1, 2, 3, 5, 6, 7 and 8 in force on 1 February 2021, and section 4 in force on 1 March, 2021 by the Companies (Amendment) (No. 3) Act, 2020 (Commencement) Order, 2021. Also included in this update are amendments made by Companies Act (2021 Revision) consolidated and revised 31 December 2020, and the Citation of Acts of Parliament Act, 2020, in force 3 December 2020, which provides that after the commencement of the Cayman Islands Constitution (Amendment) Order, 2020 (“the Order”), “Laws” will be entitled as “Acts”.

Previous legislative updates include amendments made by the Companies (Amendment) (No. 2) Act, 2020, in force on 29th June 2020 by the Companies (Amendment) (No. 2) Act, 2020 (Commencement) Order, 2020, with the exception of sections 3, 5, 6, 7, 16 and 17.

The Companies (Amendment) (No. 2) Act, 2020 (Commencement) (No. 2) Order, 2020 brings into force the remaining provisions; (a) section 3, insofar as it relates to the repeal of section 26(3) and substitution of sections 26(3) and 26(3B) in the Companies Act (2020 Revision), in force on 1st September, 2020; (b) section 3, insofar as it relates to the repeal of section 26(3) and substitution of section 26(3A) in the Companies Act (2020 Revision), in force on 1st October, 2020; (c) sections 5, 6, 7 and 16 in force on 1st September, 2020; and (d) section 17 in force on 1st October, 2020.

Other recent updates include amendments made by the Companies Act (2020 Revision), and the Companies (Amendment) Act, 2020, sections 2, 3, 4, 7, 8, 9 and 10 came into force on 19th February, 2020 by the Companies (Amendment) Act, 2020 (Commencement) Order, 2020, and sections 5 and 6 of came into force on 15th May, 2020 by the Companies (Amendment) Act, 2020 (Commencement) (No. 2) Order, 2020.

This compendium is intended for informational purposes only. While every effort has been made to ensure the accuracy of the legislation and related material, and it is believed that the only errors are those contained in the official legislation itself (which errors have been faithfully reproduced), no responsibility is assumed for the content. Reference should be made to the official versions of the legislation for an authoritative statement of the law and any subsequent amendments. Nothing in this compendium is to be considered as creating an attorney-client relationship or indeed any contractual relationship or as rendering legal or professional advice for any specific matter. Readers are responsible for obtaining such advice from their own legal counsel. No client or reader should act or refrain from acting on the basis of any content within this document without first obtaining matter-specific legal and/or professional advice. Conyers accepts no responsibility for any loss or damage, howsoever incurred, which may result from accessing or reliance on this content.

Conyers Dill & Pearman
Cayman Islands

March 2021

 

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