Law firm Harneys has hired senior associate Remo Dalimonthee. His arrival brings the number of Harneys lawyers practising Cayman law around the globe to 36, the firm said.
Law firm Appleby has appointed Dylan Wiltermuth as an associate, specialising in mergers and acquisitions, and capital markets.
Law firm Walkers has appointed Dawn Howe as a partner in its Global Investment Funds Group. Howe, a highly regarded offshore investment funds specialist, was previously a partner at Maples and Calder in its Cayman Islands and London offices.
Bell Rock, a provider of non-executive independent directors to the alternative investment fund industry, has appointed Evan Judd to its independent director services team, as it expands its fund governance practice for investment funds.
The Cayman Islands Government has formally asked the UK to extend its membership in the OECD/Council of the Europe Convention on Mutual Administrative Assistance in Tax Matters (the convention) to the Cayman Islands.
Business leaders in the Cayman Islands have welcomed comments by UK Prime Minister defending Crown dependencies and overseas territories from having a reputation as tax havens.
A recent case heard by The Grand Court of the Cayman Islands in which the directors of a hedge fund were found responsible for willful neglect and default and ordered to pay over $110 million each in fines, represents a timely reminder that directors of hedge funds should not only do their duty but must also be seen to do their duty.
New company incorporations in the Cayman Islands remained at similar levels in 2012 to the year before in a market that continued to be impacted by tough economic conditions. But the jurisdiction is edging back towards levels last seen in 2008.
With the approval of the Secretary of State for Foreign and Commonwealth Affairs, the Rt. Hon William Hague MP, His Excellency the Governor of the Cayman Islands has appointed four individuals to be Queen's Counsel.
The financial services industry remains the lifeline of the Cayman economy while efforts to diversify the economy are needed and welcomed, every effort must be made to keep the heart of the economy strong.