A quick guide to limitation periods in the Cayman Islands
Limitation periods in the Cayman Islands are imposed by statute, namely the Limitation Law (1996 Revision). The law prescribes time limits within which a claimant must commence proceedings. There are different limitation periods for different types of claims.
The basic time limits for various claims are set out in Part II of the law; however, Part III of the law contains exclusions and extensions to the ordinary time limits, e.g. in cases of fraud, concealment and/or mistake. Thus, when considering whether to commence any type of claim, it is advisable to obtain legal advice as to when any relevant limitation period started to run and whether it has expired. If a claim is not brought in time, the defendant(s) will be able to plead limitation, which, if established, will provide a complete defence to the claim.
The basic limitation periods for some of the most common types of claims are detailed below…
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