Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Risky business: directors’ indemnities and exculpation in the Cayman Islands

By Nick Hoffman

02 November 2018

In the Cayman Islands, where there is no specific law on directors’ duties, it’s common for company articles of association or service contracts to limit or exclude directors’ liability or indemnity. Partner Nick Hoffman and senior associate Gráinne King from Harneys examine some of the key terms found in these limitation or exclusion clauses, as well as a number of fresh developments in Cayman Islands case law.

Risky business: directors’ indemnities and exculpation in the Cayman Islands Treading carefully: a rare Cayman blue iguana