Jersey’s Mourant du Feu & Jeune has extended its reach to the Cayman Islands, making it the third Channel Islands firm to launch a Caribbean practice this year.
Mourant du Feu is hoping to win corporate instructions through the move while at the same time the firm is waiting for the outcome of a license application from Cayman authorities to establish a trust administration service on the island.
The firm currently has this capacity in Luxembourg, London, Jersey and Guernsey.
Mourant’s expansion follows the launch of a Caymans office in February 2004 by rival Channel Islands firm, Ogier & Le Masurier. While a month later Jersey firm the Sinel Group, set up an office in Anguilla.