A leading captive journal, Captive Review, has published a detailed memorandum prepared by Nigel Feetham on protected cell companies.
The article can be found here: http://captivereview.com/news/first-legal-memorandum-on-cell-captives-published/
Nigel, a senior partner at Hassans, has worked with cell captives for almost 20 years and has become a global authority on the subject.
He is the co-author of “Protected Cell Companies: a Guide to their Implementation and Use” (Nigel Feetham and Grant Jones, Spiramus Press, 2010, 2nd edition) which was recently cited by the judge in PAC RE 5-AT v. AMTRUST NORTH AMERICA, INC., No. CV-14-131-BLG-CSO (D. Mont. May 13, 2015).
The Memorandum, which is made available on a non-reliance basis and without any liability, can be found here http://captivereview.com/wp-content/uploads/2016/05/Final-Opinion-PCC-Captive-Review.pdf