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Government Professional Development Week 2014

Managing for Results – November 11 – 14, 2014 Marriott Beach Resort • Seven Mile Beach, Grand Cayman, Cayman Islands MESSAGE From the Honorary Chair For the last three years, government managers have gathered to share insights on current developments,…

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New finance partner hire for Mourant Ozannes, Cayman Islands

Offshore law firm Mourant Ozannes has made another notable strategic hire to its Cayman Islands practice with the appointment of finance partner James Burch. James brings with him a wealth of experience advising on some of the most complex corporate…

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Black money: Making a mountain out of a molehill?

By Soutik Biswas From BBC “Black money is so much a part of our white economy, a tumour in the centre of the brain – try to remove it and you kill the patient,” wrote Indian-born writer Rohinton Mistry in…

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Arnold Palmer design team visit Cayman Islands

Following up on a visit in February with Arnold Palmer, members of the Arnold Palmer Design Company (APDC) team returned to Grand Cayman in September. During their stay Thad Layton, senior golf course architect and Vice President at the Arnold…

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Presumption against extraterritoriality limits trustee’s ability to recover foreign transfers

By Edward Neiger Edward Neiger From Law.com In Securities Protection Corporation v. Bernard L. Madoff Investment Securities LLC (In re Madoff Securities), 2014 WL 2998557 (S.D.N.Y. July 6, 2014), the trustee appointed under Securities Investor Protection Act (SIPA) to administer…

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Channel Islands Securities Exchange chairman to speak at OffshoreAlert Conference

The Chairman of the Channel Islands Securities Exchange has joined the list of speakers for next week’s OffshoreAlert Conference in London. Jon Moulton will speak on a session entitled ‘Offshore Stock Exchanges: Who Uses Them & What For?’, which will…

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New Cayman Islands approach for a floating cruise pier that would Rival Port St. Maarten

From Souagila NewsDay Concept of a floating cruise pier for the Cayman Islands as released to the Cayman business community. CAYMAN ISLANDS-SINT MAARTEN – A floating cruise pier is now being considered by Cayman Island stakeholders that would rival Port…

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Jamaica: Banks living large on interest rates

By Daraine Luton From Jamaica Gleaner Banks are making an 11 per cent spread on money they lend to the public. John Robinson, deputy governor of the Bank of Jamaica, said in parliament on Wednesday that “spreads now, and have…

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Heineken in Haiti announces rare $100 million investment for country

From FoxNews PORT-AU-PRINCE, Haiti – The Dutch brewer Heineken announced earlier this year that it is investing $100 million in its Haiti production plant that makes the popular lager Prestige. The relatively large investment is significant because many international companies…

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Offshore firms: in the zone [London! – Cayman Island firms are prominent]

By Marialuisa Taddia From The Law Society Gazette London is an increasingly important hub for offshore law firms, which are winning business from City-based financial institutions, and clients in Russia, western Europe and sub-Saharan Africa. Offshore law firms are constantly…