Finance
Jersey lawyer joins Cayman Stock Exchange
(CNS Business): A former offshore lawyer from Walkers’ Jersey office has joined the Cayman Islands Stock Exchange Exchange as deputy head of listings and compliance, effective 5 January 2015.  In this role, Eva Holt assumes responsibility for supervising and processing listing applications and ensuring compliance among existing participants with the Exchange’s listing rules and procedures.
Failure over lawyer’s bill “a mysteryâ€
(CNS): After ten years of lobbying for and trying to secure a modern Legal Practitioners Law to cover the profession, Caymanian Bar Association (CBA) President Abraham Thoppil said it was an “inexplicable mystery†why the repeated calls had failed to get the much need law. The proposed legislation has been a topic of endless debate […]
80% say no to ownership register
(CNS Business): Government released a report Tuesday on the public consultation it carried out earlier this year regarding how the jurisdiction should tackle the issue of access to who really owns offshore entities registered in the Cayman Islands. The report revealed that over 80% of the people and organizations that responded do not believe Cayman […]
CIMA phasing in e-gov in 2015
(CNS Business): The Cayman Islands Monetary Authority (CIMA) has announced that entities regulated by the authority will soon have access to a new online, automated method for submissions of mandatory financial returns, change requests and new licence applications. While this will be phased in slowly, it is expected that once an application or filing is […]
2014 Cayman Captive Forum hosts record numbers
(CNS Business): The 22nd annual Cayman Captive Forum welcomed a record 1,499 registrants, securing its place once again as the world’s largest captive insurance conference. Captive Insurance industry leaders gathered in the Cayman Islands over three days of intensive discussions about current issues, particularly those pertaining to healthcare captives, where Cayman is the world leader. Highlights […]
Scott takes up advocacy job for finance sector
(CNS Business): Former Ernst and Young partner Jude Scott is the new Chief Executive Officer of Cayman Finance, the umbrella advocacy group for the local offshore sector. CF Chairman Ian Wight confirmed Scott’s appointment Thursday and said the organisation was fortunate to have such a well-respected member of the community take up this vital role […]
Cayman releases V2 FATCA Guidance Notes
(CNS Business): Just days away from the 22 December deadline for many financial institutions to register with the US tax authorities to obtain their Global Intermediary Identification Number (GIIN) by 1 January 2015, the Cayman Islands Tax Information Authority has issued Version 2 of the FATCA Guidance Notes, which clarified some of the issues raised […]
Reporters to get access to EU ownership register
(CNS Business): Investigative journalists and other concerned citizens with a “legitimate interest”, as well as law enforcement officials and legal authorities, will have access to the ultimate owners of companies listed in central registers in EU countries under a new agreement signed this week. The European Parliament and Council agreed on a draft EU anti-money […]
UK clamps down on tax avoidance
(CNS Business): The British government has published draft legislation for a new Diverted Profits Tax (DPT), dubbed the “Google taxâ€, by which it intends to sidestep Britain’s existing tax treaties with low-tax jurisdictions by levying a charge that would fall outside the corporate tax system. The government hopes to raise £1.4 billion over the next five years […]
Focus remains on governance in fund industry
(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 […]
New judges appointed to financial court bench
(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 […]
CIMA boss notes challenges to regulators
(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), […]
New board for student CBA
(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 […]
Law firm reports boost in company registration
(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 […]
Experts debate fund industry outlook at seminars
(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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