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Focus remains on governance in fund industry

Focus remains on governance in fund industry

| 17/12/2014 | 0 Comments

(CNS Business): Corporate governance remains an important factor for investors in hedge funds, according to a report by offshore law firm Walkers. In their outlook report for 2015 the firm said that the legacy of investor experiences in the wake of the 2008 downturn has led to an inevitable focus on this issue, as well as the […]

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New judges appointed to financial court bench

New judges appointed to financial court bench

| 17/12/2014 | 0 Comments

(CNS Business): Two legal experts, one from Cayman and another from the UK, have been appointed as part time judges to the Financial Services Division of the local Grand Court. Nigel Clifford QC and Nicholas Segal will take up their appointments in the New Year and will be adjudicating on many of the complex court […]

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CIMA boss notes challenges to regulators

CIMA boss notes challenges to regulators

| 17/12/2014 | 0 Comments

(CNS Business): At a recent regional conference in Panama the managing director of the Cayman Islands Monetary Authority pointed to the mounting challenges faced by regulators in the constantly changing environment of international finance . In her presentation at the Seventh Meeting of the Regional Consultative Group for the Americas of the Financial Stability Board (FSB), […]

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New board for student CBA

New board for student CBA

| 17/12/2014 | 0 Comments

(CNS Business): The Student Chapter of the Caymanian Bar Association held their annual elections last month and elected Angelique Howell, Alicia Thompson and Farrah Miller to represent them for the next year. The Board of the Student Chapter consists of three student representatives, one Undergraduate/LLB, one at the PPC/LPC/BVC level and one articled clerk. The […]

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Cayman picks up inaugural media travel gong

Cayman picks up inaugural media travel gong

| 17/12/2014 | 0 Comments

(CNS): The Cayman Islands has been named the ‘Destination of the Year’ by The Caribbean Journal in their inaugural Caribbean Travel Awards. The on-line regional media selected the destination based on criteria that included “the efforts of its tourism sector” and “simply good marketing work”. Deputy Premier and Minister of Tourism, Moses Kirkconnell said it […]

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Law firm reports boost in company registration

Law firm reports boost in company registration

| 17/12/2014 | 0 Comments

(CNS Business): There were 5,391 new company registrations in the Cayman Islands in the first half of 2014, a 17% increase over those incorporated in the jurisdiction in the preceding six months, a report by offshore law firm, Appleby, revealed. The Cayman Islands experienced the greatest percentage increase in new company incorporations across offshore jurisdictions […]

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Experts debate fund industry outlook at seminars

Experts debate fund industry outlook at seminars

| 17/12/2014 | 0 Comments

(CNS Business): International law firm Walkers has completed another season of its series of investment funds seminars, which were held this year in New York, San Francisco and London. The Walkers Fundamentals seminars, ‘Everything Offshore – Funds in 2015′, drew over 600 high-calibre delegates, with most of the world’s leading names in the investment management business, joining […]

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Expert voted onto Chamber pension board

Expert voted onto Chamber pension board

| 17/12/2014 | 0 Comments

(CNS Business): Chamber of Commerce Pension Plan members working in the Professional & Finance sectors have elected volunteer Trustee, William (Bill) Gammerdinger to represent them on the board following an extraordinary general meeting recently. A treasury and finance professional, he has over 30 years’ experience in the industry, having become Vice President and Treasurer of […]

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Swiss Bank exits FATCA programme

Swiss Bank exits FATCA programme

| 15/12/2014 | 3 Comments

(CNS Business): Barclays Bank’s Swiss operations is ending its cooperation with the Internal Revenue Service’s efforts to prevent investors from investing money in foreign countries with more amenable tax structures and policies. During a Zurich speech, Barclays bank executive Francesco Grosoli announced that the firm’s Swiss operations had “recently exited the program”, after evaluating its legal […]

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Bermuda green lights casinos

Bermuda green lights casinos

| 15/12/2014 | 1 Comment

(CNS Business): Amid debate and controversy, Bermuda has passed legislation to allow casino gaming on the island. After a 10-hour debate in the House of Assembly the Casino Gaming Act 2014, tabled by Tourism Minister Shawn Crockwell, was passed in the early hours of Saturday morning. This follows the Cruise Ship (Casino) Act 2013, passed in […]

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