Liquidity and Cayman funds

Prior to investing in a Cayman Islands-based investment fund, it is customary for a proposed investor to ask the Cayman fund’s directors or investment...

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....

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...

Law Talk – Legislative developments

In the last edition of Law Talk, we briefly reviewed the much anticipated Cayman Islands LLC Bill which is intended to add another key...

Law Talk

A recent decision of the Grand Court of the Cayman Islands in Re China Shanshui Cement Group Limited looked at the ability of Cayman...

Quarterly Review

Banking Offshore banking continues to decline The number of banks in the Cayman Islands dropped by 7 percent in 2015, compared to 2014. The 12-month decline from...

Regulations and the real estate industry

The Cayman Islands Real Estate Brokers Association (CIREBA) was established in the 1980s by a group of like-minded real estate agents to unify Cayman’s...

Buried treasure: Unclaimed Cayman assets

State and federal governments around the world are estimated to hold somewhere in the region of $60 billion to $100 billion of unclaimed assets...

What would Prime Minister Corbyn mean for financial centers?

The unlikely happened (as it so often does). Jeremy Corbyn, the 100-1 outsider and far-left candidate, won an election in September to become leader...

Critically needed: Intellectual property modernization and reform in the Cayman Islands

Steady progress has been made toward Intellectual Property (IP) modernization and reform in 2015. There is still much work to be done in order...

Law Talk – Legal and regulatory update

The final quarter of 2015 has seen a number of interesting decisions being issued by the Cayman courts, as well as a decision by...

Quarterly review

Economy Economy grew slower than predicted in 2015 While economists previously predicted the gross domestic product for the Cayman Islands would grow by 2.1 percent in...

Making Cayman a more attractive investment opportunity

The higher end of Cayman’s real estate industry has traditionally catered to an affluent North American market of investors and individuals looking to acquire...

Appreciating the remaining risks of bankruptcy strip-off of home mortgages

Investments in mortgage-backed debts carry reduced risk in light of the special protections afforded to collateralized claims. Second-lien investing, however, is subject to enhanced risk due to the greater likelihood of collateral value insufficiency.   

 

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.

 

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. 

 

Banks and marijuana

In nearly half of U.S. states, marijuana business is booming. Notwithstanding the federal ban, 23 states and the District of Columbia have legalized medical marijuana use. Colorado, Washington, Alaska, Oregon, and the District of Columbia also allow recreational marijuana use. 

 

When do you report cash payments over $10,000?

If you receive more than $10,000 in cash, be ready to report it within 15 days on a Form 8300. If you receive less than $10,000 by some other negotiable instrument, but the total exceeds $10,000, you most likely have to report it. 

 

Law Talk

The second quarter of 2015 has seen the passage of long awaited enabling legislation for the Cape Town Convention to apply in the Cayman Islands and an interesting decision from the Grand Court considering the use of the “oppression remedy” ...

 

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? 

 

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