Abstract

http://ssrn.com/abstract=2329827
 


 



Creating Cayman as an Offshore Financial Center: Structure & Strategy Since 1960


Tony A. Freyer


University of Alabama - School of Law

Andrew P. Morriss


University of Alabama School of Law; PERC - Property and Environment Research Center; George Mason University - Mercatus Center

September 22, 2013

Arizona State Law Journal, Forthcoming
U of Alabama Legal Studies Research Paper No. 2329827

Abstract:     
The Cayman Islands are one of the world’s leading offshore financial centers (OFCs). Their development from a barter economy in 1960 to a leading OFC for the location of hedge funds, captive insurance companies, yacht registrations, special purpose vehicles, and international banking today was the result of a collaborative policy making process that involved local leaders, expatriate professionals, and British officials. Over several decades, Cayman created a political system that enabled it to successfully compete in world financial markets for transactions, participate in major international efforts to control financial crimes, and avoid the political, economic, racial, and social problems that plague many of its Caribbean neighbors. Using archival sources, participant interviews, and a wide range of other materials, this Article describes how the collaborative policy making process developed over time and discusses the implications of Cayman’s success for financial reform efforts today.

Number of Pages in PDF File: 77

Keywords: Cayman Islands, Offshore Financial Centers, Offshore, Legal History, Financial Law

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Date posted: September 24, 2013  

Suggested Citation

Freyer, Tony A. and Morriss, Andrew P., Creating Cayman as an Offshore Financial Center: Structure & Strategy Since 1960 (September 22, 2013). Arizona State Law Journal, Forthcoming; U of Alabama Legal Studies Research Paper No. 2329827. Available at SSRN: http://ssrn.com/abstract=2329827

Contact Information

Tony A. Freyer
University of Alabama - School of Law ( email )
P.O. Box 870382
Tuscaloosa, AL 35487
United States

Andrew P. Morriss (Contact Author)
University of Alabama School of Law ( email )
P.O. Box 870382
Tuscaloosa, AL 35487
United States
PERC - Property and Environment Research Center ( email )
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States
George Mason University - Mercatus Center ( email )
3401 N. Fairfax Dr.
Ste. 450
Arlington, VA 22201-4433
United States
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