Correspondent banking: The ‘de-risking’ phenomenon

In the face of the constant changes and challenges caused by the imposition of global regulations and anti-tax competition initiatives, Caribbean IFCs continue to...

Brexit, May and Cayman

The U.K.’s political landscape has completely changed since I wrote my last article for the Cayman Financial Review in early June. Three weeks after that...

Submerged dangers in the safe harbor for securities settlement payments

For those still wondering if the outcome of a court case can depend entirely on the specific court adjudicating that case, a recent ruling...

Ireland: The latest victim of the EU’s global taxation agenda

Apple, the iconic producer of iPhones and iPads, has been front and center of recent headlines resulting from the European Commission’s investigation of Ireland...

Membership of OECD forums

Over the years, the OECD, a 34 member intergovernmental network that includes the U.S., the U.K., Europe, Australia, Canada, Japan, South Korea,  has designed...

Fighting populism by tempering bureaucratic centralization

Blaming outsiders for economic maladies appeals to base human instincts evolved over millennia to engender beliefs that the economy is zero-sum: one person’s gain...

Britain’s Brexit vote opens way for a regulatory rethink

In June, as the world well knows now, the people of Britain voted to leave the European Union. At least some of the popular...

A tax cure for Sisyphean American monetarism?

Eight years into unprecedented monetary and fiscal expansions, the U.S. economy remains sick to its core. Worse, the U.S. malaise is neither unique in...

Titan International Securities Inc v The Attorney General of Belize: a decision at first...

On Jan. 15, 2016, Justice Courtney Abel of the Supreme Court of Belize handed down a decision which should be read across Caribbean IFCs,...

Grey matters

Hedge Funds   Hedge Fund Activism, Poison Pills, and the Jurisprudence of Threat William W. Bratton U of Penn, Inst for Law & Econ Research Paper No. 16-20,...

Crackdown on multinationals down under

Against a background of persistent budget deficits and an ever-growing Australian national debt, multinationals have become a convenient target of the Australian Treasury and...

Cyprus is open for business

In the 50 years since independence in 1960 from the British, who left behind a strong institutional legacy including a solid public administration, Cyprus...

The benefits of secured transactions reform

One of the most promising international commercial developments in recent years has been the increasing adoption, especially by developing countries, of modern secured transactions...

U.S. tax enforcement in the Caribbean: Strategies for financial institutions and asset managers

As the fallout from the Panama Papers continues, the U.S. government has recently announced various criminal and civil enforcement initiatives to investigate individuals and...

Never mind Brexit – The EU responds to British vote with more centralization and...

Following a few days of entertaining political ballyhoo, the initial excitement following the British vote to leave the EU wore off rather quickly. Europeans...

Dangerous delusions of doom

The front page of England’s venerable weekly The Spectator recently headlined an essay titled “The Doom Delusion.” The author Johan Norberg writes that objective...

After Brexit

The U.K.’s decision to leave the EU marks a historic shift in the nation’s relationship not only with Europe but with the world. In...

The shape of the international financial services industry post-Panama Papers: a view...

The data leak from the Panamanian law firm, Mossack Fonseca (MossFon), styled by the media as the Panama Papers, has been discussed, dissected and...

Cayman’s tax transparency regime as it currently stands: A practical guide

The Cayman Islands are at the forefront of the global move towards tax transparency and cooperation in international tax matters. Since 2001, the Cayman...

Quarterly review

Tax transparency Beneficial ownership: Government says US must sign first The Cayman Islands will not adopt a mechanism for the exchange of beneficial ownership data that...