Cayman Islands Unit Trusts and the Importance of the Trustee

Cayman Islands unit trusts have become an increasingly popular vehicle for Japanese investors who are seeking to gain exposure to global assets. A unit trust can be structured as a "stand-alone" trust or as an "umbrella" trust with each requiring a trustee to declare the trust and who will then delegate a series of functions and powers to third party service providers. Maples Fiduciary's Senior Vice President, Abali Hoilett and Vice President, Sabrina Foster, explore these structuring considerations as well as best practices for choosing a trustee.