FATCA unlikely to impact persistent tax evasion in Latin America
By Emilio Godoy From Caribbean360 MEXICO CITY, Mexico, Friday July 4, 2014, IPS – The U.S. Foreign Account Tax Compliance Act is unlikely to contribute much to combating persistent tax evasion in Latin America, which will require more national and…
Bank robbers strike again at First Caribbean Bank [St. Maarten – Netherlands Antilles]
From Daily Herald PHILIPSBURG–Another bank robbery occurred in Cole Bay around 10:00am on Tuesday. First Caribbean Bank at the Laguna View Professional Centre on Welfare Road was robbed in broad daylight, less than a month after the brazen daylight robbery…
New Exempted Limited Partnership Law comes into force
From Solomon Harris The Cayman Islands Exempted Limited Partnership Law, 2014 came into force last week following its gazettal on Wednesday, 2 July 2014. The new law (the ‘Law’) is the result of years of consultation with the financial services…
Data exchange to combat tax evasion seen affecting Hong Kong private banks
By Toh Han Shih From South China Morning Post A reporting standard devised by the OECD and the G20 aimed at unearthing hidden wealth will challenge institutions in the city, analysts say An upcoming international information exchange system will affect…
Judge denies Madoff trustee recovery of foreign transfers
By Mark Hamblett, New York Law Journal Transfers made abroad between a foreign transferor and a foreign transferee cannot be recovered by the trustee administering the estate of Bernard L. Madoff Investment Securities, a federal judge has ruled. Dealing a…
LDK Solar Subsidiary signs Module Supply Agreement with Energy Absolute PCL
GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., July 7, 2014 /PRNewswire/ — LDK Solar Co., Ltd. in provisional liquidation (“LDK Solar” or the “Company”) and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo…
The Editor Speaks: Good preschools, bad preschools. Does it matter?
I never went to a preschool. In fact, in the 1940’s in England, where I was born, it was the beginning of the end of World War II and rationing was the order of the day, there were no preschools….
The Cayman approach to corporate governance
Article by Michael Austin, Source: Cayman Finance Corporate governance refers to the systems and processes used for directing and controlling the management of an organisation. Good corporate governance is the pre-requisite for operational success and survival in today’s competitive marketplace….
Cayman Islands: The Exempted Limited Partnership Law, 2014
From Conyers Dill & Pearman The Exempted Limited Partnership Law, 2014 (the “ELP Law”) came into force on 2 July 2014. The ELP Law is a major re-working of the now repealed Exempted Limited Partnership Law (2013 Revision) following extensive…
Are Europe’s banks being prosecuted – or persecuted?
By Jamie Robertson Presenter, BBC World News From BBC Even BNP Paribas cannot shrug off a $9bn (£5.1bn) fine. The bank is the fourth biggest by assets in the world and has been found guilty of violating US economic sanctions…
