Cayman’s first of its kind hybrid Foundation Company is likely to appeal as a holding vehicle, SPV and succession planning option, says Ogier trusts partner Anthony Partridge.

Anthony says that the new structure – introduced by the enactment of The Cayman Islands Foundation Companies Law, 2017 – retains features of companies, and of civil law foundations or common law trusts.

And Anthony, who has practiced private client and trusts law in Cayman for more than a decade, says that the new structure is a flexible solution that is unlike anything else that exists in the offshore or onshore worlds.