Law
Offshore law firm goes after press in Paradise Papers hack
(CNS Business): The law firm which was the victim of a hack in which millions of documents about their clients’ offshore financial affairs were exposed is taking legal action against the BBC and the Guardian. Both media organisations have stated that they will defend the breach of confidence proceedings instigated by Appleby, which has also […]
Powerful local law firm marks 50 years in Cayman
(CNS Business): The largest and one of the most influential offshore law firm in the Cayman Islands marked its 5oth anniversary recently with a swanky reception at the Ritz-Carlton. Maples and Calder started life in 1967 when James “Jim” MacDonald and John Maples began doing business out of a room in Dr Roy Edison McTaggart’s house […]
Beneficial owner access opens to UK
(CNS Business): Legislation came into effect this weekend that will allow UK law enforcement authorities to access details of the beneficial owners of all financial entities registered in the Cayman Islands. Officials said the new technology-based system enhancement to the beneficial ownership regime will allow those with legitimate rights or reasons to have access to do […]
JGHS students learn about legal careers
(CNS Local Life): John Gray High School (JGHS) students recently learned about legal internships at a local law firm along with educational options at the Cayman Islands Further Education Centre. Representatives of HSM IP, including two people who participated in the CIFEC programme, spoke about internship possibilities at a JGHS assembly held Friday, 24 February.
Clerks back proposed lawyers law
(CNS Business): A group of article clerks, law school graduates and students have offered their support in writing to the Legal Practitioners Bill. The letter sent to all 18 members of the Legislative Assembly from the trainee lawyers said they were the ones who stand to be “most affected” by the proposed legislation and felt […]
High hopes that lawyers bill will pass
(CNS Business): At the opening of the Grand Court Wednesday, Attorney General Samuel Bulgin and the leaders of the two legal professional bodies were all in agreement that the latest draft of the Legal Practitioners Bill was a compromise that most of the profession could support. The attorneys all expressed the hope that this year […]
Panton: Objecting lawyers wrong on bill
(CNS Business): The public criticisms made by four local attorneys regarding the Legal Practitioners Bill have been roundly refuted by the financial services minister. Wayne Panton has indicated that the four sole lawyers are wrong on all of the critical points they made about the proposed legislation and he will not be going back to […]
Lawyers accuse CIG of secrecy over LPB
(CNS Business): Efforts by Financial Services Minister Wayne Panton to steer through legislation to govern the Cayman Islands legal profession ahead of the next Financial Action Task Force review and after 15 years of failed attempts by previous governments have been undermined by more complaints from the sector. Four local attorneys have accused the ministry […]
LPB: Nothing said, nothing gained
101 writes: “There is an urgent need for the profession to address law school scholarships, articles of clerkship, hiring opportunities, equitable distribution of billable work, marketing and networking opportunities, attendance and contribution to conferences, being mentored and training others, continuing legal education, work experience overseas, and preparation for and participation in leadership and ownership of […]
Minister to make case for lawyers’ law
(CNS Business): After almost 15 years of wrangling over a law to regulate the legal profession, the current financial services minister, a former offshore lawyer himself, is hoping he can finally steer through new legislation. But despite getting backing from the Cayman Islands Law Society and the Caymanian Bar Association, Wayne Panton has not won […]
Minister presents revamped lawyers law
(CNS Business): After almost fifteen years and half a dozen attempts to pass the legislation, Financial Services Minister Wayne Panton has come up with a legal practitioners bill that has the support of the legal profession in Cayman and provides for the development and protection of local attorneys. Calling it an “immense improvement”, Panton said […]
Secrecy law revamp well received by industry
(CNS Business): The revamp of Cayman’s 40-year-old “secrecy law’, which removes the criminal liability for disclosing confidential information, is an essential step in positioning Cayman as a modern transparent cooperative partner on the international stage. For the parts of the financial sector which rely on privacy, the changes have been well received, provided they can […]
Local firm sees third trainee admitted to bar
(CNS Business): Janeen Al-Jadir was admitted as an attorney at law earlier this month after completing her articles with an international offshore law firm. Marc Kish, a partner at Harney’s, moved the admission for the third graduate of their professional development programme in Cayman. Al-Jadir joined the programme in October 2014 and has now secured […]
Law paves way for new offshore business
(CNS Business): The financial services minister steered a piece of legislation through the Legislative Assembly Wednesday that he said paves the way for a new type of business vehicle in the Cayman Islands, which has been driven by industry demand. The Limited Liability Company Bill, 2015, which was presented by Wayne Panton and passed unanimously […]
Law firm seeks to block ex-employees’ new jobs
(CNS Business): Appleby (Cayman) Limited has filed an application for a judicial review of a decision by the chief immigration officer, who granted rival firm Harneys temporary work permits for two of their former employees. Appleby claims that at the time, it still held work permits for Jonathan Bernstein and Ian Gobin, and that, according to […]
Recent comments