White Paper released US/UK FATCA reporting obligations for Cayman Islands funds
Broadscope Releases Timely White Paper Regarding US and UK FATCA Reporting Obligations for Cayman Islands Domiciled Private Equity Funds Broadscope Fund Administrators is an independent private equity fund administration firm. PARAMUS, N.J., April 13, 2015 /PRNewswire/ — Broadscope Fund Administrators,…
Net Element Inc Cayman Invest SA decreased Position
BY OCTASTAFF From OCTA FINANCE Cayman Invest S.A. reduced Position in Net Element International Inc (NASDAQ:NETE) Cayman Invest S.A. has filled a SC 13D/A form regarding Net Element, Inc 1.19 0.00 0.00%. Per Cayman Invest S.A.’s filling, the filler reported…
Microsoft: unmasking emails risks ‘outrage’ overseas
By Sue Reisinger, From Corporate Counsel Microsoft Corp. told a federal appeals court last week that the federal government has created “international discord” and “outrage” over its efforts to seize a customer’s email stored on company servers in Ireland. The…
U.S. backs fuel diversification, LNG Distribution base in Jamaica
By Charlie Passut From NGI The United States will help Jamaica with fuel diversification and embrace liquefied natural gas (LNG) for its energy needs, and will also back plans for the island nation to become a base for delivering LNG…
The Editor speaks: Minimum wage well supported but at what cost?
I have to commend highly the Minimum Wage Advisory Committee (MWAC) who, headed by chair Lemuel Hurlston, produced a most detailed report and one of the best I have read. Although the report is over 200 pages long it is…
Cayman Islands SEZ City to reach out to biotech companies
Cayman Enterprise City to Partner with US Firm to Reach Out to Biotech Companies at Boston Conference Partnership exemplifies outreach programme initiated to market Cayman’s Special Economic Zone to the world Grand Cayman, Cayman Islands 10th April 2015 – Cayman…
What do experts say about hurricane season 2015?
Colorado State University is predicting that 2015 will be one of the least active in decades, with seven named storms, three hurricanes, and one major hurricane of Category 3 or higher. Tropical Storm Risk from the University College London is…
The Cayman Islands Court provides guidance on the approach to trust mistake cases
By Carlos de Serpa Pimentel and Robert Lindley from Appleby Schroder Cayman Bank and Trust Company Limited v Schroder Trust A.G., FSD 122/2014, Grand Court, 9 March 2015 INTRODUCTION On 9 March 2015, the Grand Court handed down a decision…
Banks comply with US law on offshore accts
By Zinnia B. dela Peña, From The Philippine Star MANILA, Philippines – A notable 214 Philippine banks and financial institutions have registered under the Foreign Account Tax Compliance Act (FATCA), a US law that requires non-US entities to identify American…
Billionaire Ty Warner hasn’t revealed source of $80M UBS deposit
By Janet Novack From Forbes On January 31, 1996, Ty Warner, owner of Beanie Babies maker Ty Inc., flew to Zurich and deposited about $80 million at UBS AG, instructing that all correspondence about the account be held at the…
