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Article: Alternative Dispute Resolution ("ADR") In The Cayman Islands.
- Article from:
- Mondaq Business Briefing
- Article date:
- November 21, 2002
CopyrightCOPYRIGHT 2002 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE CAYMAN ISLANDS
The Cayman Islands are a leading financial centre with an established professional infrastructure. There are over 450 licensed banks and trust companies regulated to the standards of the Basle Convention holding over US$600 billion in deposits and inter bank bookings. Other strengths of the jurisdiction lie in capital markets, asset financing, mutual funds, venture capital, captive insurance (which has a population approaching 500), ship registration and fiduciary services.
The Cayman Islands remain a British Overseas Territory with no desire for independence. Their financial prominence is founded on a common law legal system, modern ...