July 22, 2018

Singapore’s new structure to rival Cayman Islands funds

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By Francis Nikolai Acosta From Funds Selector Asia Will Singapore’s new corporate structure for traditional and alternative managers grow at the expense of Cayman Island-domiciled funds? The regulations for the new structure, the Singapore Variable Capital Company (S-VACC), are expected to be in place at the beginning of next year. What the S-VACC offers is […]

World’s biggest Corporate Tax Haven? It’s no Paradise Island

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From OZY Why You Should Care Taxes on offshore U.S. corporate earnings could pay for much-needed stuff back home. For countries in the tax haven game, it’s a race to the bottom. Singapore’s welcome mat? Corporate taxes at just 17 percent. Gibraltar scrawls 10 percent on its rock, and the Cayman Islands boast 0 percent […]

Cayman Islands: Solomon Harris plan to go International with Bedell Cristin merger

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Grand Cayman, CAYMAN ISLANDS, 10 JULY 2018  The partners of Solomon Harris have announced that they will merge with offshore law firm Bedell Cristin.  It is hoped that the deal will complete by the end of August and Solomon Harris will rebrand as Bedell Cristin at a later date.    Founded in 1998, Solomon Harris is […]

The Trump-Kim Summit was a great photo op, and maybe nothing more

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By Jonah Shepp From New York Mag The 24-hour, by-the-minute news cycle never fares quite so poorly as it does in an event that is significant to the historical record but that produces very little actual news. The summit meeting between President Donald Trump and North Korean dictator Kim Jong-un in Singapore Tuesday morning was […]

The Editor Speaks: Pigeon post and telephone landlines is the safest

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We have published today two articles concerning security and malware. All, of course, involving the Internet. Add to that the story we published over the weekend, “Scamming Emails from Fake Cayman Islands Government Email Address”. This one warns: “The RCIPS wishes to alert the public of a fake phishing email scam circulating in the Cayman […]

Trojan horses

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Journalists covering the Trump-Kim summit were given free USB fans — but security experts warn they may be Trojan horses full of malware By Kif Leswing From Business Insider Journalists covering President Donald Trump’s meeting with North Korean leader Kim Jong Un in Singapore this week were given free USB-powered fans as a gift. Security […]

All cryptocurrencies are crashing, and we have no idea why

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By Chris Smith From BGR It was just Wednesday that we told you all cryptocurrencies were tanking, save for Bitcoin, which was trading well above $11,000. Sure, Bitcoin’s priced dropped compared to Tuesday’s highs, but it didn’t seem to be as affected as all its rivals. Well, fast forward to Thursday morning, and all digital […]

Butterfield to acquire Deutsche Bank’s banking and custody business in the Cayman Islands and Channel Islands

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HAMILTON, Bermuda–(BUSINESS WIRE)–The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB) (BSX: NTB.BH) today announced that it has entered into an agreement to acquire Deutsche Bank’s banking and custody business in the Cayman Islands, Jersey and Guernsey, which provides services primarily to financial intermediaries and corporate clients. Terms of the agreement were not […]

Destinations of the week

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The 20 best winter vacations to take this year Part 1 By Madeline Diamond, INSIDER From Business Insider Whether you’re looking for cold or warm weather, there are plenty of destinations that are perfect for winter travel. Park City, Utah, is home to amazing skiing as well as the Sundance Film Festival. Summertime begins in […]

Almost 200 Royal Caribbean ship passengers hit by gastro illness at sea

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By Harry Kemble From Travel Weekly A gastrointestinal outbreak has struck down nearly 200 passengers on board Royal Caribbean’s Ovation of the Seas, according to reports. The vessel, which carries more than 5,800 passengers of which approximately 325 are understood to be Britons, arrived in Tasmania on Tuesday after a trip to Singapore. According to […]