Cayman Islands: Fund governance and conflicts of interest survey 2013
Article by John Donohoe, Carne Global Financial Services Limited Why fund governance is more important than ever The topic of fund governance has been rising steadily up the agenda on both sides of the Atlantic in the past few years….
Cuba’s reforms favour foreign investment, create low-wage sponge
By Kevin Edmonds, The Other Side of Paradise From Naia.org For over 50 years the island of Cuba has defiantly stood its ground in the Caribbean, rejecting a capitalist economic model in favor of a system that has served the…
Deutsche Bank appointed as Depositary Bank for Qunar Cayman
Deutsche Bank appointed as Depositary Bank for the sponsored level III NASDAQ-listed American Depositary Receipt Program of Qunar Cayman Islands Limited New York & Hong Kong & Beijing — Deutsche Bank today announced its appointment as depositary bank for the…
Cayman Islands considers public registry of Phantom Firms
From Compliance Alert On 31 October, the UK announced a proposal for a public register of beneficial ownership information, following the results of its public consultation. If implemented, the register conceivably would allow a citizen of any country to access…
Sidley Austin adds investment funds partner
United States funds Hedge Timothy A Spangler has joined Sidley Austin in Los Angeles as a partner and member of Sidley’s global investment funds, advisers and derivatives practice. Spangler brings extensive experience in advising clients on an array of investment…
Qunar shares nearly double in 1st day of trading
From Las Vegas Sun Shares of the Chinese travel industry search website Qunar Cayman Islands Ltd. soared on their first day of trading. The stock rose $13.63 to $28.63 in midday trading Friday after rising as high as $34.99 earlier….
Judge allows ATO to use disputed papers [despite Cayman ruling]
By Susannah Moran From The Australian The Australian Taxation Office [ATO] has won the right to use controversial financial documents in a long-running Wickenby case, despite a Cayman Islands ruling that the documents should not have been given to the…
February 2014 Opening for Dr. Shetty Hospital
World renowned cardiologist and medical entrepreneur Dr. Devi Shetty told Cabinet Ministers and Councillors that the 150-bed Narayana Hrudayalaya Hospital in East End is scheduled to open on 24 February 2014. Dr. Shetty and his team met Ministers and…
Cayman Island July Tourism figures: cruise down air up
The July figures for tourist arrivals to the Cayman Islands do not make good reading. Although air arrivals are up by almost 4% from 32,581 in 2012 to 33,880 in 2013 it is the cruise ship arrivals that make…
Pirates Week findings indicative of fraud and misappropriation
At the Public Accounts Committee (PAC) meeting on Thursday (19) Cayman Islands Auditor General, Alastair Swarbrick, corrected a statement made by Chief Executive Officer (CEO) Gilbert Connolly of the Tourism Attraction Board, that although the Auditor General’s Office (AGO) had…
