Retail banks, which cater to the business and personal needs of Cayman residents, play an increasingly important role in the islands’ economic development.
The leap year is not until 2016, but Polly Pickering, who oversees the Caribbean and Latin America regions for Internet services company Foreshore, has to think that far ahead.
Cayman retains many secrecy features – not least a law that can put people in jail not just for revealing confidential information, but merely for asking for it.”
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.
Gender disparity in business, well-chronicled among CEO positions, also extends to corporate boardrooms worldwide. Research has shown that companies benefit not only from being more gender and ethnically inc
Cayman’s much-debated and at times deemed controversial Confidential Relationships Preservation Law will see major changes and could be replaced altogether this year.
Law firms rarely confess to being “happy,” “content” or “entirely satisfied,” but that is the nature of the business; they are employed to worry so that clients don’t have to.
News that U.S. states like Nevada and South Dakota have started to take away trust business from Cayman and other offshore centers late last year has hit the mainstream media, prompting claims that the United States is “a tax haven” and the “new Switzerland.”
The Cayman Islands is facing somewhat of a dilemma. Although its regulatory regime is not tailored to cryptocurrencies, token offerings or distributed ledger technology, Cayman became home to the world’s largest initial coin offering this year.
The twenty-third edition of the Global Financial Centres Index (GFCI 23) ranked the Cayman Islands as the 22nd best financial center in the world out of 110 total jurisdictions. Cayman’s ranking improved nine places over the last year and was the highest among all U.K. Overseas Territories and Crown Dependencies.
The boardrooms in Cayman’s private-sector providers of water and electricity anticipate 2015 with some excitement as they watch fuel prices drop, license negotiations progress and new revenue streams develop.
The latest Global Wage Report by the International Labor Organization warns of stalled wages in many countries and notes that the labor market is a driver of inequality.
With the Brexit referendum decided and David Cameron’s resignation announced, we look at the key impact of the referendum decision on the non-European fund industry.
Late last year the CFA Society of the Cayman Islands held its annual Charter awards dinner at Mezza. This annual event is held to...
Despite all that’s been written about U.S. worldwide income taxation and complex informational reporting requirements, many individuals, particularly those living outside the U.S., remain noncompliant.
Even for jurisdictions that are used to moving goalposts in terms of international regulatory pressure, the passing on May 1 of a cross-party amendment to the Sanctions and Anti-Money Laundering Bill in the House of Commons, effectively ordering British Overseas Territories to establish public registers of beneficial ownership, was unique.
The governance around hedge funds has changed dramatically since the introduction of the mutual funds law in Cayman 25 years ago.
There is growing unease in the banking industry that a possible failure of the global economic recovery will hurt the still fragile banking system.
Cryptocurrencies like bitcoin, blockchain technology and initial coin offerings (ICOs) have been the buzzwords in the tech sphere for the past couple of years.
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.