Law firm Forbes Hare has this week been appointed as a listing agent by the Cayman Islands Stock Exchange. This will enable Forbes Hare’s corporate team in Cayman to act for clients and entities wishing to list securities on the CSX from this month.
William Hare, managing partner of Forbes Hare, said: “We see the ability to list securities on the CSX as part and parcel of our commitment to developing a high end corporate practice in the Cayman Islands. We are delighted to have added this string to our bow, as we continue to expand our team and the range of services we can offer our clients in Cayman.”
Anthony Travers, chairman of the CSX, said: “We are pleased to welcome Forbes Hare to the Cayman Stock Exchange as a listing agent. One of the many reasons why companies, investors and managers select the Cayman Islands as their business base is that we have a network of sophisticated professional service providers who can support them in their business endeavours. We are therefore very pleased to announce the appointment of Forbes Hare as a listing agent and we are confident that this appointment will enhance yet further the attractiveness of the Cayman Islands as a destination for corporate work.”
The CSX can offer a number of tax and other advantages to listed members and their counterparties. It is also the only offshore exchange that is a member of the Intermarket Surveillance Group having been granted membership in 2001. The ISG provides a framework for sharing information and coordinating regulatory efforts among its multinational members. Members of the ISG agree to share information with other members on surveillance, investigation and enforcement matters and on related practices and techniques.
Forbes Hare opened an office in the Cayman Islands in 2010, and has since expanded its legal team and moved to new offices in Camana Bay.
Forbes Hare was established in the British Virgin Islands in 2005, and during the past seven years has expanded to employ more than 40 staff in the BVI and in the Cayman Islands.