{"id":35256,"date":"2020-11-23T10:48:00","date_gmt":"2020-11-23T02:48:00","guid":{"rendered":"https:\/\/zegal.com\/?p=35256"},"modified":"2023-01-12T14:16:35","modified_gmt":"2023-01-12T06:16:35","slug":"e-sign-laws-cayman-islands","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-nz\/blog\/post\/e-sign-laws-cayman-islands\/","title":{"rendered":"E-sign Laws: Cayman Islands"},"content":{"rendered":"\n<h4><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-35406 aligncenter\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/05\/13-300x61.png\" alt=\"\" width=\"1052\" height=\"214\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/05\/13-300x61.png 300w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/05\/13-1024x209.png 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/05\/13-768x157.png 768w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/05\/13-640x131.png 640w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/05\/13.png 1048w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/h4>\n<h4>\u00a0<\/h4>\n<h4><b>Part 14: Signing in to the digital age<\/b><\/h4>\n<p><strong>What are the laws pertaining to e-sign in Cayman Islands?\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">A white-listed \u201ctax haven\u201d, Cayman Islands boasts no income taxes and a very stable political and robust economy. Cayman Islands is extremely attractive for businesses with its fast and flexible incorporation process.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whenever conducting business outside of your own jurisdiction, you need to get yourself up to speed with the legislature to make sure you protect your interests for the future. If you&#8217;re going to be signing documents, it&#8217;s easiest to use E-sign. But first, let&#8217;s have a look at the particular laws for Cayman Islands.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> And, watch out for more in this series on Southeast Asia, Hong Kong, China, New Zealand, Australia, UK, Cayman Islands, and BVI.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">The Rules<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The Electronic Transactions Law was enacted in 2000. There were also revisions to the act in 2003. In essence, the revised act states that \u2013subject to certain requirements\u2013 contracts will not be excluded from having full legal effect by virtue of their execution with an electronic signature.<\/span><\/p>\n<h5>The specifics of the ETL for E-sign laws in Cayman Islands are as follows:<\/h5>\n<p><span style=\"font-weight: 400;\">19. (1) Where the signature of a person is required by a statutory provision, rule of law, contract, or deed, that requirement shall be met in relation to an electronic record if an electronic signature is used that is as reliable as was appropriate for the purpose for which the electronic record was generated or communicated, in all the circumstances, including any relevant agreements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(2) Subsection (1) applies whether the requirement for a signature is in the form of an obligation or the statutory provision, rule of law, contract or deed provides consequences for the absence of a signature.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(3) An electronic signature shall be reliable for the purpose of satisfying the requirement referred to in paragraph (1) if &#8211;<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\">\n<p><span style=\"font-weight: 400;\">the<\/span><b> means of creating the electronic signature<\/b><span style=\"font-weight: 400;\"> is, within the context in which it is used, <\/span><b>linked to the signatory<\/b><span style=\"font-weight: 400;\"> and to no other person;<\/span><\/p>\n<\/li>\n<li style=\"font-weight: 400;\">\n<p><span style=\"font-weight: 400;\">the means of creating the electronic signature was, at the time of signing, under the <\/span><b>control of the signatory<\/b><span style=\"font-weight: 400;\"> and of no other person;<\/span><\/p>\n<\/li>\n<li style=\"font-weight: 400;\">\n<p><span style=\"font-weight: 400;\">any <\/span><b>alteration<\/b><span style=\"font-weight: 400;\"> to the electronic signature, made after the time of signing,<\/span><b> is detectable<\/b><span style=\"font-weight: 400;\">; and<\/span><\/p>\n<\/li>\n<li style=\"font-weight: 400;\">\n<p><span style=\"font-weight: 400;\">where a purpose of the legal requirement for a signature is to <\/span><b>provide assurance as to the integrity of the information<\/b><span style=\"font-weight: 400;\"> to which it relates, any alteration made to that information after the time of signing is detectable.<\/span><\/p>\n<\/li>\n<\/ol>\n<h4><span style=\"font-weight: 400;\">Applicability of\u00a0 E-Sign in Cayman Islands<\/span><\/h4>\n<h5>A person relying on an electronic signature shall bear the legal consequences of his failure to:<\/h5>\n<ol>\n<li><span style=\"font-weight: 400;\">&#8211;<\/span><b>take reasonable steps<\/b><span style=\"font-weight: 400;\"> to verify the reliability of an electronic signature; or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">where an electronic signature is s<\/span><b>upported by a certificate<\/b><span style=\"font-weight: 400;\">, take reasonable steps to &#8211;<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">(i) verify the validity, suspension or revocation of the certificate; or<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(ii) observe any limitation with respect to the certificate.<\/span><\/p>\n<ol start=\"22\">\n<li><span style=\"font-weight: 400;\"> In determining whether, or the extent to which, a certificate or an electronic signature is legally effective, no regard shall be had to the place where the certificate or the electronic signature was issued, nor to the jurisdiction in which the issuer had its place of business.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The Cayman Islands has attractive policies and a stable political outlook. The forward-thinking view of the country and its adoption of technological advances makes it an even more appealing place to do business.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><b><i>This article does not constitute legal advice.<\/i><\/b><\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">The opinions expressed in the column above represent the author\u2019s own.<\/span><\/i><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/register.zegal.com\/\"><b>Start managing your legal needs with Zegal today<\/b><\/a><\/p>\n<p>Read more from the E-Signature Series: <a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-hong-kong\/\">Hong Kong, <\/a><a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-singapore\/\">Singapore,<\/a> <a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-japan\/\">Japan, <\/a><a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-china\/\">China, <\/a><a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-macau\/\">Macau<\/a>, <a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-indonesia\/\">Indonesia, <\/a><a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-vietnam\/\">Vietnam<\/a>, <a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-taiwan\/\">Taiwan<\/a>, <a href=\"https:\/\/zegal.com\/blog\/post\/e-sign-laws-united-kingdom\/\">United Kingdom<\/a><\/p>\n<p><a href=\"https:\/\/support.zegal.com\/hc\/en-gb\/articles\/115009802768-Is-E-Signing-Legally-Binding-\"><span style=\"font-weight: 400;\">READ MORE: Is e-signing legally binding?\u00a0<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">E<a href=\"https:\/\/zegal.com\/ebooks\/e-signatures\/\">BOOK: E-signatures<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":51,"featured_media":39573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","inline_featured_image":false,"footnotes":""},"categories":[14278],"tags":[10609,7627,12293,11269,11553],"usecases":[],"businesstypes":[],"country":[],"class_list":["post-35256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-management","tag-cayman-islands","tag-e-sign","tag-e-signature-2","tag-e-signing","tag-electronic-transactions-act"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>E-sign 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