IMF comments on risk to Caribbean of potential Petro Caribe pullout
By Andre Huie From WINN FM St. Kitts and Nevis (WINN): During an IMF press conference recently, officials from the Western Hemisphere Department were quizzed by St Vincent and the Grenadines journalist Jerry George about the lack of adequate focus…
EU single market in financial services seen to remain a challenge
By Helen Burggraf, Contributing Editor , International Adviser The European Union has come a long way since its creation in the years following World War II, but early dreams of a single market in financial services continue to be only…
On 2013, an extraordinary year for offshore tax enforcement
By Dan Reeves From OffshoreAlert There was a time when offshore financial secrecy laws were ironclad and impenetrable. Some used those laws to engage in legitimate financial activities directed at investing, increasing wealth and facilitating international trade, but many others…
The Editor Speaks: Is it ignorance or stupidity by Cayman Customs?
We have two contrasting stories in iNews Cayman today. One story, by Worldbride, blazes the headline “Choosing your wedding paradise- 10 reasons to think of the Cayman Islands”. We are proud to republish the story. Our second story is not…
ELP Law revision and contracts by 3rd party beneficiaries
By Mel Wheaton | DLA Piper – Emerging Growth and Venture Capital Contact, From JDSupra Business Advisor Cayman Islands revise Exempted Limited Partnership [ELP] law and pass new legislation allowing enforcement of contracts by third party beneficiaries Earlier this month…
A legal overview of M&A in the Cayman Islands and British Virgin Islands
Article by Nick Evans, Suzanne Correy, Michael Gagie and Matthew Gilbert Maples and Calder Against global trends, gradual growth in both the Cayman Islands and the British Virgin Islands (“BVI”) merger and acquisition (“M&A”) activity continued through 2013, led by…
CFATF warns of harsh consequences if Guyana fails to pass anti-money laundering legislation
From Caribbean360 GEORGETOWN, Guyana, CMC – The Caribbean Financial Action Task Force (CFATF) has warned of harsh consequences should Guyana fail to pass anti-money laundering legislation before a May 29 conference. The task force addressed the matter during a meeting…
Taubman closes on $320M loan for Mall of San Juan
By Kevin Mead From Caribbean Business Taubman Realty Group has closed on a $320 million loan from U.S. Bank to finance the development of The Mall of San Juan, a 650,000-square-foot shopping and entertainment complex being built in the Puerto…
Montana Supreme Court overturns one-month sentence in rape case
By Ann-Marie Alcántara From Mashable The Montana Supreme Court ruled Wednesday that Stacey Dean Rambold must be re-sentenced by a new judge in the case of raping a 14-year-old. The former high school teacher was convicted of one count of…
Fitch affirms Seagate’s IDR at ‘BBB-‘; Outlook Stable
NEW YORK, May 01, 2014 (BUSINESS WIRE) — Fitch Ratings has affirmed the ratings on Seagate Technology plc (Seagate) and its subsidiary, Seagate HDD Cayman, at ‘BBB-‘, including the long-term Issuer Default Ratings (IDRs). The Rating Outlook is Stable. A…
