The Cayman director class has not helped its cause as some (but by no means all) of its members resist exercising self-restraint, do not limit the number of directorships they take on, and become rather defensive and secretive when asked about the number of directorships they hold.
The Cayman Islands Government recently announced that it had concluded negotiations with the United States on a Model 1 intergovernmental agreement with regard to the Foreign Account Tax Compliance Act (FATCA) and a new tax information exchange agreement (TIEA) also with the U.S.
On 11 November 2010, after nearly two years of lobbying and debate, the European Parliament adopted the final text of the Alternative Investment Fund Managers Directive.
Here we are in the middle of summer which is not the usual time for good news in the Caribbean real estate markets. And further, I am not known for trying to make positive predictions without good solid evidence to support it.