Not for love or money

The next time you meet your Money Laundering Reporting Officers (MLRO), spend a moment to chat with them and to fully understand the demands...

Blockchain and Cayman’s real estate industry

While readily admitting that I am not the world’s expert on the subject of Blockchain, I would like to acknowledge that I am starting...

Successfully promoting Cayman

In January 2018, the Cayman Islands Branch of the Society of Trusts and Estates Practitioners held its inaugural International Wealth Structuring Forum at the...
CFR

A developing discourse from the courts

Over the past quarter, the judges of the Financial Services Division of the Grand Court of the Cayman Islands and the Cayman Islands Court...
CFR

The market for commercial real estate CLOs expands

They may not be as old as houses but commercial real estate CLOs have been around since the early 2000s and, whilst this category...

The future for litigation funding in the Cayman Islands

The business of third party funding of litigation is thriving in many of the world’s onshore jurisdictions. A recent decision of the Grand Court...

EU blacklist presents new offshore challenges

On Dec. 5, the EU Council agreed on a blacklist of 17 countries that the European finance ministers consider uncooperative in tax matters. They...

EU tax haven blacklist and amendments to 4AML directive on third countries pose challenges...

On Dec. 5, 2017, the European Council issued its conclusions on the EU list of non-cooperative jurisdictions for tax purposes. The conclusions also set...

Regulations, registers and redemptions

Alfred Lord Tennyson, Poet Laureate of Great Britain and Ireland, once wrote “Hope smiles from the threshold of the year to come, whispering ‘it...

Growing appeal of unit trusts in attracting the world’s wealthiest investors

As offshore funds counsel in the Cayman Islands, it may come as no surprise that, for me, 2017 has seen a distinct rise in...

Ocean Rig: Schemes of arrangement in the Cayman Islands

In one of the world’s largest ever restructurings, Ocean Rig UDW Inc (UDW), a leading international contractor of offshore deep-water drilling services, and three...

Mr. Moscovici and his EU lists of many colors

For those with better things to do than follow the machinations of EU tax policy, we should state that: Pierre Moscovici is French. He...

The GDPR and the Data Protection Law – two sides of the same coin

Investors in offshore financial centers increasingly require and demand data privacy. Obligations to collect personal data resulting from new international data sharing regimes combined...
CFR

BVI workers relocate to Cayman after Hurricane Irma

Following the devastating destruction caused by Hurricane Irma and the disruption of essential services in the British Virgin Islands, numerous corporate services providers pulled...

New market for Cayman’s real estate industry

The topic of financial technology will have been discussed at length within this current edition of Cayman Financial Review. No doubt experts in the...
CFR

Primeo v HSBC: Uncharted territory

This case concerns the efforts of the liquidators of a Madoff feeder fund to recover losses suffered as a result of fraud from service...

STEP Cayman: Providing a global perspective

A key component of the effective operation and continued growth of the local financial services industry is the promotion of the Cayman Islands for...

In the interests of justice

While local schools, some businesses and many professionals have been on a lengthy summer hiatus, the same cannot be said for the local judiciary....
CFR

Quarterly Review

Premier McLaughlin leads new 13-member coalition government The May 24 general election in the Cayman Islands brought about days of political scrambling as 19 elected...
CFR

The who what why of Cayman’s beneficial ownership regime

A new era started on July 1, 2017, when Cayman’s beneficial ownership legislation came into effect. Both the design and messaging around the regime...