BBC’s “Britain’s Trillion Pound Island – Inside Cayman’?” makes waves
Please see iNews Cayman’s story published January 20 2016 before reading the following “The Cayman Islands – home to 100,000 companies and the £8.50 packet of fish fingers” at: http://www.ieyenews.com/wordpress/the-cayman-islands-home-to-100000-companies-and-the-8-50-packet-of-fish-fingers/ Can Cayman be wound up? Someone can’t be telling the whole…
Cayman Islands requires diligence to keep the pace
By Becky Butcher From Captive Insurance Times The continued soft traditional insurance market, the ripple effects of healthcare reform in the US and increasing competition from more than 80 captive domiciles requires the Cayman Islands to be more diligent in…
Mergers and acquisitions of CIMA regulated and licensed Cayman Islands companies
From Walkers Associate Hugh Anderson discusses the latest M&A activity involving Cayman Islands entities licensed and regulated by the Cayman Islands Monetary Authority. M&A activity in the Cayman Islands is often related to the acquisition or listing of Cayman companies…
Plaintiffs Bar notches a rare win from the US Supreme Court
By Ross Todd, The Recorder SAN FRANCISCO — The class action defense bar learned Wednesday that it won’t be getting everything it asked for this term from the U.S. Supreme Court. Ruling 6-3 in Campbell-Ewald v. Gomez, the high court held…
Billionaire adjudicated bankrupt under 1869 statute
By Sophia Rolle-Kapousouzoglou Contributed by Lennox Paton From International Law Office On November 20 2015 the Bahamian Supreme Court declined to register a composition with creditors sought by Irish billionaire Sir Anthony O’Reilly. The court took the alternative route of…
5 charged with theft of GSK cancer drug secrets
By P.J. D’Annunzio, The Legal Intelligencer Five people including two scientists working for GlaxoSmithKline have been charged with taking part in a scheme to steal trade secrets and methods for manufacturing cancer medication from the drugmaker, the U.S. Attorney’s Office for…
Ericsson announces intention to acquire FYI Television
FYI Television is a global TV metadata and entertainment image content provider based in Grand Prairie, Texas, with approximately 150 employees Combining FYI Television’s US-market expertise and reach with Ericsson’s leading position in content discovery in Europe will create a…
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International tourism hits record 1.2 billion in 2015, UN reports
From Caribbean News Now MADRID, Spain — International tourism grew by 4.4 percent last year to a record 1.184 billion as calculated by overnight visitors to international destinations, 50 million more than in 2014, and the sixth consecutive year of…
Casino sues cybersecurity firm for ‘woefully inadequate’ investigation
By Erin E. Harrison, From Editor in Chief, Legaltech News Affinity Gaming filed a lawsuit against Trustwave alleging the firm’s work was ‘grossly negligent’ data breach investigation involving 300,000 customers. A Las Vegas casino operator that filed a lawsuit against…
F3 Capital raises concerns on Vantage’s tactics to keep secrets in US bankruptcy proceedings
HONG KONG, Jan. 20, 2016 /PRNewswire/ — The Chapter 11 reorganization plan of Offshore Group Investment Limited (“OGIL”), its parent being Vantage Drilling Company (“Vantage”), was confirmed on January 14, 2016 at the U.S. Bankruptcy Court in Wilmington, Delaware. Hours…
