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Summary
Geneva Trust
Company v IDF and MF or
Re Stingray
Trust
Judgment) is the
latest in a line of decisions of the Cayman Islands courts
considering the meaning and scope of the Cayman firewall
provisions. The Grand Court has now provided important
clarification about the effect of Section 90 of the Trusts Act
2020
2 - that it does not operate to
bestow exclusive jurisdiction on the Cayman Islands courts (as
previous cases have suggested) and that common law principles of
forum non conveniens still have relevance and application
in the context of disputes concerning Cayman Islands trusts.
The Court also provided further guidance on the application of