Captive investing: Exploring the new normal

In the aftermath of the financial crisis that impacted global markets over the past two years, a number of captive insurance companies experienced losses in their investment portfolios and are now contemplating strategies around...

Capital Ideas: The IMF and the Rise of Financial Liberalisation

Jeffrey M. Chwieroth(Princeton University Press 2010) ISBN 978-0-691-14232-6, 311 pp. One of the most important economic changes in the post-World War II period was...
Magnifying Glass, Key, House

Impact on real estate industry of a public registry

Clearly, the hot topic right now in the Cayman Islands business community is the U.K. government forcing its overseas territories, Cayman included, to provide...

Contingent liabilities: Points for the Cayman Islands voluntary liquidator to consider

A liquidator is generally concerned with admissibility to proof of contingent liabilities in an entity’s liquidation and its creditors’ entitlement to attend and vote...

Iceland’s 2008 bank collapse: What really happened

The Icelandic banking sector was regulated in the same way as its counterparts in other European countries.

 

Trustees and divorce

Recent developments in the case law of onshore jurisdictions like England and Hong Kong have only highlighted for trustees the very difficult position they...

Delaware decisively ousts New York as friendliest US cross-border insolvency venue

Why would a debtor with no assets in the United States seek cooperation from a U.S. bankruptcy court in cross-border insolvency proceedings?  

 

Grand Court decides on fair value determination in merger case

As we move into the final quarter of 2015 we expect to see further developments with respect to local implementation of the CRS and the Cayman AIFMD Regime. 

 

Industry Insider… Tom Jones and LJ Fallon

Read our article in the Cayman Financial Review Magazine, eversion  About :Tom   About:LJ   This is a new CFR feature – we’ll be looking for industry...

Quantitative easing in graphs

Main Article:Quantitative easing and the US dollar: Friends or foes?Fig 1:  FEDERAL RESERVE BALANCE SHEETFig 2:  TRADE-WEIGHTED VALUE OF USD (DXY)Fig 3:  INFLATION VS....

It’s a mad mad Madoff world:

On 10 December 2008 Bernard Madoff’s sons told authorities their father had just confessed to them that the asset management arm of his firm was a massive Ponzi scheme, and quoted him as saying it was “one big lie”. Five days later Irving Picard was appointed the trustee over Bernard L. Madoff Investment Securities, LLC.

Living wills in the Cayman Islands

The Ministry of Health in the Cayman Islands is seeking feedback on draft legislation, entitled the Health Care Decisions Bill, that will give legal...
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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...
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OECD releases roadmap for corporate tax overhaul

The 129 members of the OECD/G-20 Inclusive Framework on Base Erosion and Profit Shifting have agreed on a timeline for reaching a new global...

The Monetary Conservative:

Inflation is the work of the devil, because it respects appearances without destroying anything but the realities.  Jacques Rueff

 

Cape Town Convention Law 2009 and its likely impact on aircraft financing in the...

In July 2009 the Cayman Islands enacted the Cape Town Convention Law 2009.  The intention of the Convention has been to standardise transactions involving moveable property with respect to aircraft objects such as airframes, aircraft engines and helicopters.

Caribbean grapples with problem of bank de-risking

One potential mechanism to improve their AML systems is through the Inter-American Development Bank’s technical cooperation RG-T2224. It provides a grant to support member countries in their efforts to prevent money laundering and terrorist financing, in compliance with the new FATF standards.

 

How sound is the Cayman dollar?

The Cayman Island Monetary Authority operates a currency board to ensure adequate backing for the Cayman Islands currency and that enough paper currency and coin is available to meet the demands of the market. In 1971, the political leaders in Cayman and the UK decided that the Cayman Islands economy had grown sufficiently to support its own currency, through the use of a currency board and that such a currency would be in the political and economic interests of the Cayman Islands.

Bankruptcy and Islam: An explicit tradition of compassion and forgiveness

Though bankruptcy laws in the region today are largely dysfunctional, the Middle East has a uniquely solid and venerable foundation on which more effective insolvency laws might be built. Islam devotes particular attention to notions of peace and forgiveness – including a surprisingly specific rule of bankruptcy relief.

A reprobate’s best friend – British libel law

I expect the worst financial scandal in the history of the Cayman Islands to unfold in the coming months. The amount in dispute is likely to exceed half a billion dollars and the ensuing litigation has the potential to clutter up the jurisdiction’s Grand Court for many years. 

 

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