Sunday, January 20, 2019

Beneficial ownership FAQ

Beneficial owners are distinct from legal owners. For example, service providers that act as nominee directors, who may appear on legal documents as the representatives of the company.

Costs, competition vie with innovation in legal sector

The headline writes itself for corporate law as it heads out of 2015 and into 2016: Costs and competition abound, with the former sparking concerns and the latter innovation.

Wall Street in 2016: Clear new trading signals are still missing

Interest rate policy only becomes critical if the rates are raised more quickly than previously planned.

Millennials: An investor’s perspective

Recognizing that Millennials are far from homogenous, it is still possible to draw some broad-based conclusions about the behaviors and attitudes that make this generation decidedly different.

Mixed results for private pensions

Private pensions had mixed returns over the past year, with conservative plans performing worse than more aggressive investments.

UK tax authority criticized for lack of offshore crackdown

The U.K. Public Accounts Committee has criticized the lack of enforcement and prosecutions of offshore tax evasion by HM Revenue and Customs in a performance report.

Why value investment approaches would benefit from a dose of momentum

Combining reasonable relative valuation and existing stock price momentum is more effective.

After the sting: ‘I got a raw deal,’ says Clover’s St-Cyr

St-Cyr says his conviction of conspiracy against the United States through money laundering was only a pretext by the IRS to flush out Americans who evade taxes by using offshore service providers.

ETFs: Passive investments need active care

The volatile price swings in the U.S. on Aug. 24 were a disaster for the reputation of ETFs.

Court decides on fair value determination in merger case

The Cayman Islands Grand Court has for the first time decided on how to value the shares of investors who disagree with the merger of the company they have invested in.

Fat profits seem to follow obesity-related investments

Since all obesity-related industries operate in a growth environment, equity investments in that field are attractive.

Japan: New way of thinking acts as an additional share price driver

Shareholder value thinking is becoming acceptable for Japanese managers.

Diamond exchange idea floated

Global diamond jewelry demand grew 2.9 percent to $81.4 billion in 2014, according to diamond miner De Beers. If longtime Cayman jewelry maker Dennis Smith’s plans come to fruition, Cayman could well take a share of that market.

Chief justice: Open justice applies to trust cases but is not absolute

Privacy concerns in contentious trust proceedings rarely override open justice principles.

Marijuana hedge funds: An emerging conundrum for regulators?

Will the launching of new marijuana hedge funds seeking to profit from legal cannabis sales in the Canada and the U.S. constitute money laundering by the Financial Action Task Force and federally defined illegal drug acts?

The final chapter in the Olympus scandal

Cayman Islands registered entities played a part in one of the largest loss-hiding schemes in Japan’s corporate history.

The Magna Carta 800 years on:

What can we glean from this 800-year-old document that is relevant to the Cayman Islands in 2015?

Caledonian co-defendant linked to other penny stock fraud

One of the co-defendants named in the SEC lawsuit against Caledonian Bank and Caledonian Securities was also charged with securities fraud and conspiracy last year.

Cayman Finance: Time to refocus

Jude Scott, the new CEO of Cayman Finance, says the industry has grown and has been very successful, “but we all now have to reinvest.”

Penny stock pump-and-dump schemes:

The price of penny stocks can be more readily manipulated because the stock is thinly traded and allows for volatile price swings.
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