The Cayman Islands has its own government, which is responsible for internal self-government, while Britain is mainly responsible for external affairs, national defense and related laws and regulations. Therefore, the Cayman Islands and Britain have the same legal system.
Cayman Islands is an overseas territory of Britain, and its courts are appointed by the territorial government, while the Privy Council in London is the final court of appeal. The operation of exempted companies in Cayman Islands is regulated by the company laws and regulations of Cayman Islands.
Please note that the above information is for reference only. If you have any legal questions, it is recommended to consult a professional legal person to obtain accurate information.