'Plain English' Guide To Cayman Trust Law Published

by Amanda Banks, for LawAndTax-News.com, London

03 January 2007

Maples and Calder, the offshore law firm, has announced the publication of ‘Drafting Cayman Islands Trusts’, co-authored by Tony Pursall, a Cayman Islands attorney-at-law based in the firm’s London office and James Kessler QC, a leading English Chancery barrister and UK tax adviser.

This is the first book of its kind on Cayman Islands law and takes a clear, modern approach to legal drafting.

Whilst the Cayman Islands is one of the main jurisdictions for establishing offshore trusts, the drafting of effective Cayman trust instruments can be complex. The authors have prepared practical precedents in plain English with a detailed explanation of their terms and related drafting issues. As a systematic approach to drafting Cayman Islands trusts, the authors say that this book will be a valuable resource for practitioners and administrators alike.

Speaking prior to the international launch of the book at the Legal Week Private Client Legal Forum at Villa D’Este, Lake Como, Italy, Tony Pursall said: “I felt there was a need for clear, well-explained Cayman trust precedents in plain English."

He added: "The aim was to make it easier for clients and their advisers to understand the documents and to focus on the real issues; our hope is that it results in better trust documents. It was also an opportunity to work with James Kessler QC, who is the clear leader in this field and has already done a great deal to raise standards for the drafting of English law trusts.”

Maples and Calder has one of the largest global offshore trust practices with seven specialist trust lawyers. The book will be launched in the UK at a reception on January 18th 2007 at London’s Foundling Museum.

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