Cayman’s framework and stability key to Japanese multinational’s re-domiciliation – SRS’ Jenny Pooley

The Cayman Islands Monetary Authority’s (CIMA) regulatory framework and the jurisdiction’s stability were key factors in Japanese multinational ITOCHU Corporation’s decision to re-domicile its Bermuda captive to the Cayman Islands, according to Jenny Pooley, managing director at SRS Cayman.

Following the formation, textile and machinery conglomerate, ITOCHU will ultimately novate policies from its Bermuda entity to its new Cayman captive GUNA Re.