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The Contracts (Rights of Third Parties) Law 2014 has come into force. Subject to certain exemptions, the law allows for the direct enforcement of contractual rights by third parties in contracts to which they are not a party. Previously, contracts governed by Cayman law could be enforced only by parties to the contract, following the common law doctrine of privity of contract.
For more information, please contact:
Tom Gillett, Manager
International Law Office
New Hibernia House
London, SE1 9AG
Tel: +44 20 7234 0606
Fax: +44 20 7234 0808