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Legal System of Cayman Islands
The Cayman Islands is a dependent territory of the United Kingdom. Although the local legislature and courts are independent from the United Kingdom, the British Government deals with all international relations on behalf of the Territory. The Cayman Islands does not have a separate vote at the United Nations.
Law in the Cayman Islands tends to be a combination of the very old and the very new. As a leading offshore financial centre, the Cayman Islands has extremely modern statutes dealing with company law, insolvency, banking law, trust law, insurance and other related matters. However, in other areas of law, such as family law, the laws of the Cayman Islands are based upon old English statutes which can cause some difficulty in modern times. Other areas of law, such as international law, are essentially regulated externally through the Foreign and Commonwealth Office in London by Order in Council. A large body of the laws of the Cayman Islands consists of the common law, which continually updates itself through judicial precedent in the Territory and in other common law countries.