Changes to the Cayman Islands Exempted Limited Partnership Law
Article by Bryan Hunter, Simon Raftopoulos, Ian Gobin and Julian Black Appleby Last Updated: 22 April 2014 The Cayman Islands Exempted Limited Partnership Law, since its original enactment in 1991, has allowed the Cayman Islands to attract high quality business…
Courtesy visit from UNHCR’s Buti Kale
GRAND CAYMAN, Cayman Islands – Premier Hon. Alden McLaughlin recently visited with Dr. Buti Kale, Deputy Regional Representative, United Nations High Commissioner for Refugees, at the Premier’s office at the Government Administration Building. Dr. Kale, who was making a courtesy…
RPT-Fitch Rates Kasikornbank’s Senior Notes Final ‘BBB+’
Wed Apr 23, 2014 2:12pm IST Fitch Ratings has assigned Kasikornbank Public Company Limited’s (KBank; BBB+/Stable) USD350m senior unsecured notes due October 2019 a final rating of ‘BBB+’. The notes are issued under KBank’s USD2.5bn euro medium term note (EMTN)…
1MDB placed RM12.5bil out with foreign fund managers
From The Star PETALING JAYA: 1Malaysia Development Bhd (1MDB) has placed out a total of US$3.8bil (RM12.5bil) in the hands of overseas fund managers, based on the details of its accounts for the financial year ended March 31, 2013. The…
The Caribbean engaging the world in Financial Services
Article by Gonzales Jalles Cayman Finance The Caribbean Export Development Agency, in partnership with the Government of The Bahamas, recently organised a regional summit with focus on financial services and how the economies in the region can grow that industry…
Commentary: Our Caribbean: Dictatorship in a democracy?
By Oliver Mills From TCI News Now We in the Caribbean have inherited the Westminster system of government, characterised by the rule of law, competitive party politics, the independence of the judiciary, fundamental rights and freedoms for citizens, and designated…
Cayman Islands: US FATCA And Cayman Funds: Due Diligence
Article by Martin Livingston, Jon Fowler, Tim Frawley and Alasdair Robertson Maples and Calder Last Updated: 17 April 2014 On 29 November 2013, the Cayman Islands government signed a Model 1B (i.e. non- reciprocal) intergovernmental agreement with the United States…
Royal Caribbean Cruises Ltd. promotes Adam Goldstein to President and COO
From Travel and Tour World Veteran executive Adam Goldstein has been named president and chief operating officer of Royal Caribbean Cruises Ltd., the company announced. Goldstein, a 25-year company veteran, had spent the previous 12 years as president and CEO…
AHAB wins two rulings in Cayman against Maan Al Sanea’s companies; Case will proceed to trial
WASHINGTON, April 20, 2014 /PRNewswire/ — On Monday 14 April 2014, Ahmad Hamad Algosaibi & Brothers Company (“AHAB”) won two rulings in the Cayman Islands against ten companies created and controlled by Maan Al Sanea as the principal offshore component…
Cayman Islands is the new Switzerland, but not the way you think
By Robert W Wood From Forbes Are the Cayman Islands The Next Offshore Target? The U.S. has cast its tax net far and wide, more a shotgun than a rifle shot. Mixing fishing and shooting metaphors seems appropriate to show…
