Applied Filters
Cayman funds must prepare for FATCA
Cayman investment funds are advised to carefully consider their due diligence obligations as the implementation of the US Foreign Account Tax Compliance Act (FATCA) looms, according to Maples.
Three executives plead guilty over funds fraud
Three executives at Connecticut hedge fund New Stream Capital have pleaded guilty in federal court to charges they misled clients in relation to Cayman Islands-based funds to keep the firm’s largest investor.
CIMA names new head of securities division
The Cayman Islands Monetary Authority (CIMA) has appointed Heather Smith, the deputy head of its investments and securities division as the head of the unit following the resignation of Yolanda McCoy.
Beneficial ownership registry concept is flawed
The chief executive of Cayman Finance, the organisation representing the financial services industry in the Cayman Islands, has questioned the logic and potential effectiveness of the planned implementation of a public central registry of beneficial ownership by the UK Government.
Facts dispel corporate tax evasion myth
The idea that companies are using jurisdictions such as the Cayman Islands to pay less tax is misleading and the facts do not support the headlines.
Cayman leads the way for deal making
The Cayman Islands was the most used jurisdiction for offshore deal making in the first quarter of 2014, accounting for roughly a third of the total volume and value of deals that took place across offshore jurisdictions.
CIMA appoints head of insurance supervision
The Cayman Islands Monetary Authority (CIMA) has appointed Morag Nicol as acting head of the insurance supervision division.
JTC appoints head of fund services
JTC Group has appointed Angus Taylor as group head of fund services.
Kinetic Partners appoints corporate recovery member
Financial services advisory firm Kinetic Partners has strengthened its team in the Cayman Islands because, the firm said, of an increase in so-called zombie fund assignments from investors keen to exit these positions.
Maples and Calder appoints globally
International law firm Maples and Calder has appointed 12 new partners across its global offices including five in its office on the Cayman Islands.
