Advocate Health to pay largest-ever HIPAA settlement
By Anna L Spencer, Meenakshi Datta, Rina Mady Contributed by Sidley Austin LLP From ILO On August 4 2016 the US Department of Health and Human Services Office for Civil Rights (OCR) announced that Advocate Health Care Center has agreed to pay $5.55…
Hybrid robo-advisors will manage 10% of all investable assets by 2025
By MyPrivateBanking From Business Insider After the strong growth of the robo-advisory approach in recent years, promoted by numerous start-ups worldwide as well as sizeable number of early adopting wealth managers, a new ‘sub-species’ has emerged: the hybrid robo/personal contact…
A Chinese billionaire splurged on this superyacht
By Yacht Harbour Fron Business Insider Pelorus, the 115-meter superyacht built in 2003 by Lurssen, has reportedly been sold to Chinese billionaire, Samuel Tak Lee according to several sources in the industry. Built for the Saudi owner of 72m Coral…
Guyana poised for exit of CFAT, FATF monitoring
From GIS Guyana Guyana is set to be removed from the list of countries to be monitored by the Caribbean Financial Action Task Force (CFATF) and the Financial Action Task Force (FATF). According to Minister of Legal Affairs and Attorney…
Cayman Islands registered firms top 100,000 mark
The number of active companies on the Cayman Islands company register has exceeded 100,000 for the first time, and there are now more than 19,000 active partnerships in the territory, reports Tax News. At the end of the second quarter,…
History is repeating itself and America may not survive
By Richard Lawless From Caribbean News Now In 2006 a financial crisis of unprecedented magnitude hit America. Wall Street, with at least complicit support from our legislators, the DOJ and regulatory agencies began to create new financial instruments to sell…
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Cayman Islands economic zone board gets new chairman Lawyer James Bergstrom has been named to chair the authority that oversees operations of the Cayman Islands Special Economic Zone and its registered companies. Bergstrom takes over from David Kirkaldy left the…
Samson & McGrath recover CI$6,000,000 for client in biggest personal injury award in Cayman Islands
Samson & McGrath are pleased to announce an award to our client of in excess of CI$6,000,000 plus costs after a trial in the Grand Court. The award represents the highest personal injury payout in a Cayman Islands Court. This…
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What Caribbean Athletes’ Olympic performance has done for tourism
From Caribbean360 NEW YORK, United States, Tuesday August 30, 2016 – Athletes from, or connected to the Caribbean, did much in Rio to champion the Caribbean brand during the Olympics. They are being hailed as ambassadors whether or not they…
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Canada partners with PAHO to reduce disaster risks in the Caribbean health sector
New 3 million CAD grant will strengthen health sector’s disaster and emergency preparedness and increase resilience to climate change Bridgetown, Barbados, 29 August 2016 (PAHO/WHO) — The Government of Canada has announced a grant of 3 million Canadian dollars (CAD)…
