September 22, 2019

Lufthansa Group will expand tourist-oriented long-haul program from Frankfurt and Munich in summer 2020

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Eurowings strengthens long-haul program at Lufthansa hubs North American campaign with connections to Las Vegas, Phoenix, Orlando, Anchorage, Seattle and Detroit  New: Munich to Bangalore, strengthens Asia hub in Munich Flights can be booked with Lufthansa and Eurowings as of 7 August 2019 Harry Hohmeister: “We are continuing to expand Lufthansa Group’s long-haul program together […]

Mauritius caught in offshore scandal

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From International Investment A new investigation shows how multinational corporations are using Mauritius  to avoid paying taxes in the poor African nations they do business. The report from the International Consortium of Investigative Journalists is based on a USB stick obtained by journalists which contained 200,000 confidential records of a Bermuda based offshore law firm Conyers Dill & […]

Luxembourg, Cayman Islands, Ireland FPIs’ favourite gateways to India

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By Paul Burugula FromET Markets Tightening of global tax regulations has changed the way offshore funds choose a jurisdiction. Luxembourg, the Cayman Islands and Ireland are emerging as the leading gateways for foreign portfolio investors (FPIs) registering in India. Of the 650 FPIs that have registered with the Indian market regulator since January 2018, as […]

Chagos Islands dispute: UK obliged to end control – UN

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From BBC The UK should end its control of the Chagos Islands in the Indian Ocean “as rapidly as possible”, the UN’s highest court has said. Mauritius claims it was forced to give up the islands – now a British overseas territory – in 1965 in exchange for independence, which it gained in 1968. The […]

In the Courts in 2018: an Appleby review of offshore court decisions

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Article first published by Appleby in January 2019. Welcome to the latest issue of Appleby’s annual “In The Courts” publication, a round-up of the most interesting decisions handed down by the courts of our offshore jurisdictions in 2018. As always, we have organised the cases thematically rather than by jurisdiction, to show how similar and […]

Young Champion of the Earth, winner for Latin America and the Caribbean

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Gator Halpern is the 2018 Young Champion of the Earth for Latin America and the Caribbean. The Young Champions of the Earth Prize is powered by Covestro. He and his company Coral Vita have received many awards including: Forbes 30 Under 30, Echoing Green Fellowship, JM Kaplan Innovation Prize, Halcyon Incubator, WeWork Creator Award, Fast […]

Cayman Islands: What now for Abraaj Group?

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By Sarah Townsend From The National The private equity firm has yet to sell parts of its business, as its provisional liquidation continues One week after the Abraaj Group founder Arif Naqvi reached an out-of-court settlement with a creditor in a criminal bounced cheque case – reducing the risk of complicating thecompany’s ongoing restructure – […]

Vistra completes acquisition of corporate services business from Deutsche Bank in Cayman Islands

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Grand Cayman, Cayman Islands, 14 August 2018 – Vistra, a leading global corporate service provider, announced today that it has completed the acquisition of the Corporate Services business in Cayman Islands of Deutsche Bank’s Global Transaction Banking division. Following Vistra’s announcement of the deal in September 2017, the business in Cayman Islands will now be […]

Royal Caribbean searching for worker who vanished on board ship that departed Galveston

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From ABC13 Cruise worker goes missing after ship departs Galveston Tuesday, December 12, 2017 GALVESTON, Texas (KTRK) — A search is underway for a cruise ship worker who vanished during a 5-day voyage from Galveston. According to Royal Caribbean Cruises, the 24-year-old pool attendant failed to report for work on board the Visions of the […]

Which U.S. Companies have the most tax havens?

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By Niall McCarthy From Forbes Every year, U.S.-based multinational corporations use tax havens to avoid paying an estimated $100 billion in federal income tax. According to a report from the Institute on Taxation and Economic Policy, 366 of the country’s 500 largest companies maintain at least 9,755 tax haven subsidiaries where they hold over $2.6 trillion […]