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Conyers Dill & Pearman (“Conyers”) has successfully incorporated The Conyers Dill & Pearman Foundation, being one of the first Cayman Foundation Companies to be established and incorporated under the Foundation Companies Law (“the Law”), which came into force on 18 October 2017.
A leader in Corporate and Private Client services, Conyers is well positioned to provide advice and assistance in respect of the incorporation and administration of Cayman Foundations and their application as flexible structuring tools for private clients or in commercial securitization transactions.
The Law is prescriptive as to the incorporation, administration and management of a Cayman Foundation. In establishing one, the drafter may choose to either convert a current Cayman exempted company to a Cayman Foundation, or to create an entirely new Cayman Foundation from scratch. In all cases, it will be a body corporate with separate legal personality and will have the capacity to sue and be sued and to hold property.
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The Foundation Companies Law