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…
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24 Migrants return to Cuba from Cayman Islands detention centre 24 Migrants Repatriated, One Remains OOnly one female Cuban migrant is currently housed at the Immigration Detention Centre (IDC) after 24 of her fellow migrants were repatriated to Cuba on…
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Falling oil prices, PetroCaribe and the Caribbean
By David Jessop, From Dominican Today On the face of it, the collapse in global oil prices would seem to be good news for the Caribbean. However, nothing could be further from the truth. Instead the rapid downward price movement…
Arbitration claims filed by 140 Puerto Rico investors against Swiss bank
From Caribbean News Now PENSACOLA, USA — Securities lawyers have filed 140 arbitration claims on behalf of Puerto Rico investors against UBS, Switzerland’s largest bank. The complaints allege that UBS provided unsuitable investment recommendations to investors and recommended concentrated investments…
Merger to make Greenville’s Elliott Davis a top 30 accounting firm
By Rudolph Bell, From Greenville Online Greenville is set to be the home base for one of the nation’s top 30 accounting firms now that homegrown Elliott Davis plans to merge with Decosimo of Chattanooga, Tenn. Rick Davis, managing shareholder…
The flushing toilet is symbolic of one of the biggest investing opportunities of this generation
By Akin Oyedele From Business Insider Investors should consider multinational companies that are exposed to the booming middle class in emerging markets. US Trust’s Joseph Quinlan wrote in a note to clients that it is “time to buy” into global…
British judge tells Caribbean investors to seek remedy elsewhere
From Caribbean News Now LONDON, England — Investors in the financially-troubled Harlequin group, developers of vacation resorts in St Vincent and the Grenadines (SVG) and other Caribbean islands, appear to be no further forward in their attempts to recoup their…
Bahamas warns of high cost of implementing FATCA legislation
From Loop news Service The Bahamas has warned that the high costs associated with the US Foreign Account Tax Compliance Act (FATCA) are threatening to undermine the financial services industry within many member states of the Caribbean Community (CARICOM). “All…
Cayman Islands law amended to facilitate the grant of interim relief in aid of foreign proceedings
By David Butler From Harneys In modern litigation there is often a strong possibility that obtaining interim relief from the court of the jurisdiction in which you are suing your opponent will not fully protect you against the dissipation by…
OffshoreAlert – the Nemesis of Fraudsters – Comes to London next Month for its 3rd Annual European Financial Intelligence & Investigations Conference
LONDON — In October, 2012, OffshoreAlert exposed a £117 m fraud committed by Cayman Islands-domiciled Axiom Legal Financing Fund. Two weeks later, Axiom was suspended and went into liquidation. Its principal was struck off as a solicitor in England. In…
