Friday, July 29, 2016

LATEST ARTICLES

Legal ruling could impact strata developments

Several developers, including Chamber of Commerce President Paul Pearson, say a change in the law to regulate how and when they hand over control of strata developments to owners is unnecessary and would hamper their ability to build and sell.

Financial services making big bets in blockchain

A ship pulls into port with a big delivery. A GPS system confirms the ship is in port and triggers immediate payments to the shipping company and the supplier. The payment, instead of taking two to five business days to cross borders, shows up almost immediately in the supplier’s bank account, with all the agreements and transactions confirmed in seconds across a blockchain system, using cryptography and a distributed ledger instead of a correspondent bank.

New law brings Cayman copyright into the digital age

New copyright legislation came into effect June 30, replacing legislation from 1956, with the copyright protections coming from the United Kingdom’s 1988 Copyright Act, which has been updated several times to keep up with digital innovations over the past 28 years.

Cybersecurity: Global, CIMA regulators spurred to action

It’s very much a work in progress as the financial industry finds its way along the information highway – too often, the “misinformation highway” – to keep pace with the “bad guys.”

Physical security: Think global, act local

Stuart Bostock’s Security Centre Ltd. has protected a dozen high-profile personalities, and continues to prosper in the face of global threats – bombings, personal attacks and multiple casualties.

American ‘hypocrisy’: Why the US is now the focus of transparency efforts

In the debate about offshore centers, one nation has quickly become the center of attention.

US presidential candidates vow to change offshore practices

The Nov. 8 presidential election in the United States could cause the temperature to soar in the Caribbean and wherever international banks and businesses flourish, drawing American dollars.

Overseas territories fight reputation in ownership debate

There has been a flurry of activity over the past six months in the halls of the Financial Services Ministry in Cayman and its counterparts in the United Kingdom and the other overseas territories on how and when to share company ownership information with law enforcement and tax authorities overseas.

Shipping industry not buoyed by low fuel costs

In February, the Baltic Dry Index, which assesses the prices of moving major raw materials by sea, dropped to an all-time low of 290 points.

New independent director firm Calderwood launches

On the face of it, this may not be the best possible time to start a new business offering corporate governance and independent directorship services for the hedge fund industry.

CAYMAN ISLANDS NEWS

News feed from Cayman Compass