IRG Real Estate Ltd. broker Jeremy Hurst moved to Cayman in 1988, and around that time government was developing a transportation plan that included the revitalization of George Town Central.
Cayman Finance hosted a pair of events in New York on Jan. 22 to showcase the strength of the Cayman Islands financial services industry and its benefits to global partners, particularly those in the United States.
There is growing consensus to support a U.S. proposal for the reform of global corporate tax rules, which would limit the ability of multinational companies to shift profits to low-tax jurisdictions, according to the Organisation for Economic Co-operation and Development.
With the Securities and Exchange Commission moving to crack down on fraudulent crypto-schemes, the allure of crowdfunding capital through initial coin offerings on blockchain platforms appears to be fading.
Substance legislation passed by lawmakers in December 2018 has laid down the parameters for the way Cayman is responding to pressure by the European Union to reform its tax regime, but many questions remain about the economic impact of the new framework.
Cayman’s government and financial services industry professionals have had mixed reactions to the territory’s recently passed economic substance legislation, with some expressing cautious optimism that the new laws will increase investment in the islands, while others are bracing for an exodus of companies.
Financial markets were hit with an onslaught of weak economic news across the housing sector recently.
The Cayman Islands is home to billions of dollars’ worth of mergers and acquisitions in a given year, but few have the potential to impact the local community as much as the impending sale of Cayman National Corporation Ltd. to the Republic Bank Trinidad and Tobago (Barbados) Ltd.
The governance around hedge funds has changed dramatically since the introduction of the mutual funds law in Cayman 25 years ago.
Better measurement of the economy and of people’s well-being could have led governments to respond more strongly to mitigate the damage caused by the 2008 financial crisis and reduce people’s continuing loss of trust in public institutions, according to a new report released by the OECD.
It is hard to believe that the 9 percent return on the S&P 500 Index as at the end of September has now completely vanished. U.S. equity markets are now in negative territory for the year to date.
A group of professionals in the Cayman Islands is campaigning for gender equality in the workplace.
On Oct. 15, 2015, women gathered for the inaugural Cayman Islands’ chapter meeting of 100 Women Who Care, which culminated in more than $42,500 being raised for the Cayman Islands Crisis Centre, a domestic violence organization – an astonishing amount and a fitting cause, given the group’s female attendees.
For more than 40 years, the Business and Professional Women’s Club of Grand Cayman has been working to create a better environment for local women and future members of the workforce.
Cayman Islands women are a significant under-used resource that could fuel further growth in the islands economy, according to the keynote speaker at the annual tourism conference last month.
Real Vision founder Raoul Pal, who owns a house on Little Cayman, has ambitious plans for his firm, aiming for it to “disrupt” the media industry and replace outlets like CNBC as the financial journalism outlet of record.
Trust services providers can potentially face enormous difficulties when complying with data requests under Europe’s data protection legislation, which gives individuals the right to ask for information held about them by third parties.
About three years ago, Global Risk and Data Authority Limited launched a platform aimed at automating the know-your-client and anti-money laundering compliance processes for banks in Cayman, as well as onshore correspondent banks.
Cayman’s energy market will need to see a radical transformation over the next two decades to meet the ambitious goals outlined in the first National Energy Policy passed last year.
Cayman is globally renowned for its tourism and financial services, but is not known for having a pharmaceutical industry.