Trusts are like the four-door sedan of Cayman’s financial services industry: they’re not sexy or built for speed, but they’re safe, comfortable, reliable and particularly good for families.
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way –
Financial privacy has come under fire in recent years. Although it is obvious that privacy cannot be a smokescreen for criminal behaviour, there is no reason why governments should know every financial detail of individuals and corporations under their jurisdiction without reasonable suspicion of such behaviour.
The Cayman Immigration Law has changed perhaps more than any other legislation in the Cayman Islands’ history. It certainly has always been a controversial and well-debated topic.
At a time when global capital markets enter a fifth year of stagnation, one segment of the credit markets is seeing signs of recovery, and whilst the collateralised loan obligation market is not yet up to par with the pre-credit crisis peaks, the year to date has seen the highest level of activity since 2007.
In all of our conversation with Western investors, the conclusion drawn seems to be that China will likely have little choice but to print money aggressively, devalue the RMB, fiscally stimulate her economy, and basically follow the path trail-blazed by ...