Decriminalisation of drugs comes to the fore Part 2 AGAINST
With Dr. Frank McField announcing his intention to stand in the May General Election and campaigning for the decriminalization of drug use I thought you might be interested in the two recent publications and stories that do NOT support his…
UBS fined $1.5bn for Libor rigging
Swiss banking giant UBS has agreed to pay $1.5bn (£940m) to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. It becomes the second major bank to be fined over Libor after Barclays was ordered…
S&P raises Greece’s credit rating
Ratings agency Standard and Poor’s has raised the credit rating of Greece’s sovereign debt by six levels, praising the “strong determination” of fellow Eurozone countries to help it stay as a member state. S&P has increased Greece’s rating from “selective…
NCC Contract Endorsements August 2012
NCC Contract Endorsements August 2012The following contract award recommendations have been endorsed and/or approved by the National Contracts Commission (NCC) during August 2012, for award, under the powers which are reserved to the NCC by Sections 23D(1)(b) & (c) of…
Cayman creates new Class C reinsurance entity for catastrophe bond issuers
Share 17 by admin on December 11, 2012 The Cayman Islands has new legislation in place which it hopes will help it to grow its share of the global catastrophe bond and reinsurance market. Two new classes of reinsurer have…
AmazonUK dodges corporation tax. On-site petition launched
Petitioning Amazon .@AmazonUK: Pay corporation tax in the UK Petition by Frances and Keith Smith Help save Christmas future – stop Amazon’s tax dodge now. We pay our taxes and so should Amazon! We run the Kenilworth and Warwick bookshops,…
CDB funding for Haiti MICRO, Belize youth, and road improvement in Guyana
CDB to provide additional funding for Haiti Micro Insurance Catastrophe Risk Organisation The Caribbean Development Bank (CDB) is to allocate an additional amount equivalent to USD1 million to its Micro Insurance Catastrophe Risk Organisation (Haiti) Fund (MICRO). CDB established the…
Axiom is in the news again – Latest stories
Axiom Fund: Investors making one mistake after another Investors in Axiom Legal Financing Fund have until Wednesday to try to block the appointment of KPMG’s Kris Beighton and John Milsom as Receivers. Once KPMG is ensconced, it will be extremely…
Cayman Islands Provisional Liquidations in Support of Chapter 11 Proceedings
From MAPLES The wind down of Trident Microsystems (Far East) Ltd, a Cayman Islands company (“TMFE“), has been ongoing during the course of this year. In January 2012, TMFE was placed into Chapter 11 proceedings in Delaware, pursuant to the…
Sowing The Seed
Article by Ian Gobin, Appleby Want to set-up your own hedge fund? If so, you’re not alone. According to a recent report by the Financial Times, last year more than 1,100 new hedge funds launched globally, the highest number since…
