CLICO bail-out plan rejected
By Shawn Cumberbatch, From Barbados Nation News Eastern Caribbean countries which have suffered major fallout from the collapse of CLICO want Barbados to consider an alternative strategy to fix the company. However, CLICO International Life Insurance Limited (CIL) judicial manager…
Caribbean News Editors Choice iBooks iBusiness iCommunity iCulture iEntertainment iFinance iLocal News iOpinion iViews iWorld News News
Lotteries and public policy in United States and Commonwealth Caribbean Law: scrutinizing the success of lotteries as a voluntary and ‘painless’ tax
By Stephen J. Leacock Barry University – Dwayne O. Andreas School of Law University of Miami Inter-American Law Review, Vol. 45, No. 1, 2013 Abstract: This article explores the remarkable success of lotteries as a voluntary and “painless” tax in…
Split boards favoured as fund governance intensifies
The following article, featuring commentary from DMS Executive Director and Chief Compliance Officer Don W. Ebanks, appears in the 2014 Hedgeweek Cayman Islands Special Report. Cayman Islands Monetary Authority (CIMA) – the Islands’ financial regulator – released its Statement of…
Caribbean News front pg story iArt iBooks iBusiness iCommunity iCrime iCulture iEntertainment iEnvironment iFinance iHealth iLifestyle iLocal News iNotices iScience iTech iTravel iWoman iWorld News News
iNews Briefs
New Year’s Day triplets for Cayman family Caymanians, Mark and Sheena Thompson, have three additions to their family when triplets were born, Alexa, Jenna and Emma. The babies weighed in at only 3lbs. 12ozs, 3lbs. 7ozs, and 3lbs 2ozs, respectively…
80% of Cayman public/organisations do not want ownership register
The Cayman Islands Government today (December 30 2014) issued a report stating that it will continue its current method of providing beneficial ownership information to law enforcement, tax and regulatory authorities, as the method adheres to global standards. As explained…
Revised FATCA Guidance Notes Issued
Article by Christopher Capewell, Jon Fowler, Tim Frawley, Martin Livingston, Alasdair Robertson and Richard Grasby Maples and Calder The Cayman Islands Tax Information Authority (“Cayman TIA”) issued the second official version of the Cayman Islands FATCA Guidance Notes (the “Guidance…
CIMA issues two coins as part of the Royal Mint’s Commonwealth 25 Coin Collection
GRAND CAYMAN (Monday, 22 December 2014) Just in time for the Christmas season, the Cayman Islands Monetary Authority (CIMA) has unveiled two coins as part of the Royal Mint’s Commonwealth 25 Coin Collection, celebrating the life of Her Majesty Queen…
Cayman Islands Department of Labour and Pensions Assistant Director Retires
Assistant Director of the Department of Labour & Pensions (DLP) Robert Whittaker is set to retire on 31 December 2014, after 24 years in the Cayman Islands Civil Service. Mr. Whittaker, the longest serving employee at the DLP, has played…
DMS Bank & Trust Client Update
Article by DMS Offshore Investment Services New Developments For 2015 We have had an exciting and fulfilling year in which we upgraded our client portal to better serve your needs, and implemented new operational systems in keeping with changing regulations…
New arrangements for online filing with CIMA from January 2015
Grand Cayman: Entities regulated by the Cayman Islands Monetary Authority (CIMA) will soon have access to a new online, automated method for submissions of mandatory financial returns, change requests and new licence applications. While this will be phased in slowly,…
