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Komfie Manalo, Opalesque Asia:

The Cayman Islands has willingly accepted, where fairly applied, the international move towards increased transparency, said international law firm Ogier. Nevertheless, Ogier pointed out that the legitimate privacy of international business users of the jurisdiction remains protected.

The law firm said, "As such, there is a limited amount of publicly-available information for Cayman Islands exempted companies (the type of company most frequently used for investment funds and other international structures)." According to the report, the following information may be obtained through a search of the Cayman Registry of Companies’ CORIS website by CORIS licensees:

• Company name
• Incorporation number
• Date of incorporation
• Type of company (e.g. exempted or ordinary)
• Name and address of the company’s registered office in the Cayman Islands
• Current status with the Registrar of Companies (i.e. whether active or struck off/dissolved)

Details of the shareholders, directors and officers of exempted companies are not publicly available, nor is it possible for the public to obtain copies of the memorandum and articles of association of a company or copies of any of its shareholder or director resolutions. Further, it is not possible for a member of the public to conduct a search to verify whether a company is in good standing with th......................

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