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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...

A tale of three banks: The good, the bad and the ugly?

On a not so hot Sunday evening of August 3, Portuguese TV networks broadcasted an unusual and dramatic statement from the governor of the Portuguese central bank Banco de Portugal, proclaiming the collapse of Banco Espírito Santo, S.A., and its break up into a ‘good bank’ (Novo Banco) and a ‘bad bank’ (BES)

 

Regulatory competition, captive insurance in the US market

Lots of attention gets paid to offshore captives, but there is a vibrant market for captives inside the United States as well.  

 

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...
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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...

Custody can play a key role

Having thus far weathered a difficult economic period, firms in the Cayman Islands are finding that, with the right sort of preparation, a flexible approach, and a willingness to adapt, significant opportunities remain for businesses to grow.
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Quasi-appraisal in the Cayman Islands

The Cayman Islands have recently seen a sharp increase in the use of their statutory merger regime to complete management buyouts (take-privates) of U.S.-listed...

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...

The future of Cayman is bright

In line with the positive reinforcement of offshore to be found in this edition of the Cayman Financial Review I thought it would be...

Cayman hedge fund liquidators welcome

Forum shopping, or to put it more diplomatically, careful forum selection, is absolutely essential to the effective pursuit of remedies in US Bankruptcy Courts. Another recent decision regarding a Cayman hedge fund seeking – and this time receiving – cooperation from a US Bankruptcy Court illustrates ...

David Stockman’s The Great Deformation: The Corruption of Capitalism in America

For six years I’ve told audiences (and even more than a few social acquaintances who would listen) that the 2008-09 Global Financial Crisis was not “The Big One.” In time, people will look back on that episode as relatively minor and fairly short-lived compared to the one we are building toward. Don’t believe me? 

 

From Georgetown to George Town – by Bill Walker

William Stuart Walker was one of the pivotal figures in the creation of Cayman as an offshore financial center and its subsequent development. Among...

Aircraft Registry in the Cayman Islands

Even though the standards to register an aircraft are rigid and specifications must be exact in order to qualify, this has led the Cayman Islands registry to be highly recognised and respected throughout the aviation industry internationally.

Promoting Cayman

With a focus on promoting the Cayman Islands as a leading jurisdiction for private clients, wealth management, and the administration of trust and estates,...

Emergency measures in troubled Iceland

In June 2008 the combined balance sheets of Glitnir, Kaupthing and Landsbanki, Iceland’s three largest banks, were more than ten times the country’s GDP. In October 2008, the high flying Icelandic economy abruptly crashed, and with it the three banks.   

 

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...
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Offshore substance legislation draws nearer

The European Union last year accused several offshore jurisdictions – the Cayman Islands, Jersey, Guernsey, the Isle of Man, Bermuda and the BVI –...

Litigation funding in the Cayman Islands:

On April 4, 2014, Justice Andrew Jones QC delivered the written reasons for his decision to authorize the Joint Official Liquidators (JOLs) of two Cayman Islands funds to enter into a contingency fee agreement with a firm of New York attorneys.  

 

Why the current investment climate favors Cayman captives

The sun shines on the Cayman Islands – that’s a given. But it also shines on Cayman’s captive insurance industry, despite record global yields....

Cayman Islands: Well positioned

The world as we have created it is a process of our thinking, it cannot be changed without changing our thinking.

 

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