Cayman Islands Business Law


The Cayman Islands’ Business Law syllabus covers a range of specific business areas relating to accounting professionals, primarily the law relating to companies and other commercial vehicles. These laws include the formation and constitution of companies, the financing of companies and types of capital, and the day-to-day management, the administration and regulation of companies and when companies face difficulty or are in crisis.

  • Lesson 1: Introduction.
  • Lesson 2: Cayman Islands Legal System.
  • Lesson 3: Contract Law
  • Lesson 4: Tort Law
  • Lesson 5: Employment Law
  • Lesson 6: Management and administration of companies.
    • Types of companies.
    • Articles of Association
    • Company Meetings.
    • Calling shareholder meetings.
    • Conducting meetings.
  • Lesson 7: Corporate Governance.
    • Company Directors.
    • Ensuring Good Governance.
    • Officers
    • Company secretary.
    • Responsibility and liability of officers
    • Corporate Company Secretaries.
    • Auditors.
  • Lesson 8: Accounting, reporting and Audit
    • Audit.
  • Lesson 9: Regulation of Business.
    • Trade and Business licensing.
    • Reform and International Standards.
  • Lesson 10: Corporate Crime including Fraud. 
    • Relevant Cayman Authorities.
    • Insider dealing and market abuse.
    • Money laundering.
    • Terrorist and Proliferation Financing.
    • Targeted Financial Sanctions.
    • Bribery.
    • Criminal activity in the operation, management of companies.
    • Fraud in the winding up of companies Fraudulent and wrongful trading.
  • Lesson 11: Legal implications relating to companies in difficulty or in crisis.

Learning Outcomes:

  • Describe and explain how companies are managed, administered and regulated
  • Demonstrate an understanding of governance, regulation and ethical issues relating to business
  • Recognise the legal implications relating to companies in difficulty or in crisis
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