Archive for December 24th, 2015

Panton battles latest blacklist

Panton battles latest blacklist

| 24/12/2015 | 5 Comments
(CNS Business): Financial Services Minister Wayne Panton is still battling to get the Cayman Islands taken off the latest blacklist, maintaining that the inclusion of Cayman on the European blacklist of financial centres was completely inappropriate and misinformed. However, he said that stigma and [...]

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New T&B regime kicks off New Year

New T&B regime kicks off New Year

| 24/12/2015 | 5 Comments
(CNS Business): With the new trade and business licensing law coming into effect on New Year’s Day, local business owners will need to be up to speed on the amended legislation in order to avoid the increased fines. The goal of the law is to increase compliance rather than punish businesses bu [...]

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Investors ordered to pay back over $8M in fund saga

Investors ordered to pay back over $8M in fund saga

| 24/12/2015 | 1 Comment
(CNS Business): In the latest legal ruling in the Weavering Macro Fixed Income Fund saga, the Grand Court of the Cayman Islands has ordered that redemption payments made to an investor of the failed Weavering Macro Fixed Income Fund prior to the commencement of its liquidation are to be repaid, law [...]

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