Thursday, July 18, 2019

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.

Real estate recovery slowly gains momentum

While “more of the same” does not ordinarily send shivers up the spine, this time it may be worth some enthusiasm as the experts peer into the near-term future for local real estate.

Tax issues for UK expats

HMRC are slowly increasing the U.K. tax net to catch expats.

Wrongful dismissal? The Johnson exclusion area

Concerns have been raised about attempts to bring employment disputes before the Grand Court rather than before a Labour Tribunal.

2015: Conservatism needed in captive investments

The return expectations of captive owners have to moderate, and their investment portfolios need to be more diversified.

A conversation with…Matthew Wight

Local businessman Matthew Wight talks about his numerous enterprises and how he got involved in them at an early age.

Match fixing taints soccer

World football governing body FIFA needs to do more to deal with the illegal gambling rackets tainting the integrity of the game, according to the investigator who brought down a match-fixing ring operating in the U.K.

Mega performance with mega caps

Stocks of the biggest companies worldwide recently witnessed a resurging interest by investors.

KPMG: Investment industry needs to radically change

The global asset management industry will have to drastically change over the next 15 years to remain relevant

The tussle between fund directors and investors

A panel at the GAIM Ops Cayman conference in April presented the latest suggestions for improving fund governance.

Innovation and change in the financial industry

Samuel Ely, managing director at GammaDS, argues that regulation will spark innovation, create opportunity, and lower costs and increase revenue for a range of firms within the financial industry.

Transparency advocate: ‘Corruption kills’

A bleak picture of starvation, illness and death worldwide perpetrated by what is called 'petty corruption'.

Cayman Finance leads global promotion of industry

Cayman Finance has undertaken a rigorous program of promotional events across the globe.

Formation and composition of liquidation committees

Cayman Islands insolvency practitioners received some welcome guidance and clarification recently regarding the Grand Court’s power to make directions relating to the formation and composition of liquidation committees following last year’s amendments to the Companies Winding Up Rules 2008.
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