Key offshore legislation in works to boost sector

(CNS Business): The Financial Services Legislative Committee is currently working on a number of amendments to existing legislation and new bills that will boost the industry, the chair of the committee has revealed. Charles Jennings, who is chair of the specially created committee, said several major legislative projects were underway that would put the Cayman Islands back at the forefront of the offshore financial sector. He said revisions to the Companies and Exempted Limited Partnership laws and several brand new laws to establish vehicles such as portfolio insurance companies, limited liability partnerships, limited liability companies, foundations and others are all in the works. Read more on CNS Business