Jersey-based offshore law firm, Mourant du Feu & Jeune announced earlier this month that it intends to launch an operation in the Cayman Islands in Autumn 2004 in order to expand its multi-jurisdictional presence, which so far includes Jersey, Guernsey, Luxembourg, and the United Kingdom.
According to Mourant, the Cayman legal practice will focus exclusively on international financial business, including structured finance and capital markets, asset and project finance, derivatives and private equity and hedge funds.
Additionally, however, the firm is applying for the necessary licences to be able to offer the range of outsourced administration services which Mourant International Finance Administration already provides from its European jurisdictions.
Speaking following the announcement of the planned move, Mourant chief executive, Nicola Davies explained that:
"This exciting development is an important step towards strengthening the Mourant brand in the markets whose traditional choice of offshore jurisdiction has been Cayman."
She went on to add:
"We intend to expand our Cayman capabilities through further organic expansion to complement our services in Europe."
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