Mourant Admitted To CSX

by Amanda Banks, Tax-News.com, London

28 June 2006

Mourant, the specialist professional services group, announced last week that it has been admitted as a listing agent by the Cayman Islands Stock Exchange (CSX).

According to Mourant, the appointment is the latest stage in the firm's successful extension of its legal and administration services into the Cayman market.

Roisin Cater, a partner at Mourant’s Cayman office, noted that the CSX has "an excellent reputation worldwide for its professionalism and efficiency".

"This development allows us to offer our growing client list the fullest service in relation to Cayman-listed funds and securities issuing vehicles," Carter stated.

According to Valia Theodoraki, CEO at the CSX, the exchange has experienced "tremendous growth" in the past twelve months, and the admission of Mourant as a listing agent is "a testament to the confidence in our services and in the Cayman Islands".

"We are convinced it will be a mutually beneficial experience," Theodoraki commented.

The Cayman Islands Stock Exchange expects to grow faster during 2005-2006 than in the previous financial year, members of the Cayman Islands Assembly learned in November, 2005.

Tabling the financial statements of the CI Stock Exchange (CSX) for the 18-month period ended 30 June 2004, Financial Secretary, G Kenneth Jefferson, stated that the anticipation of the institution's future growth was a direct result of the recognition the CSX had received from the United Kingdom's Inland Revenue in March 2004, allowing securities listed on the exchange to benefit from tax exemptions.

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