December 3, 2020

KPMG loses Dutch Caribbean member firm following split

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From Curacao Chronicle The Dutch Caribbean division of KPMG has exited the global KPMG and rebranded as KDC Interim as of January 1, 2019, putting an end to KPMG’s presence in the region. WILLEMSTAD – The transition is based on a mutual decision reached between KPMG International and KPMG Dutch Caribbean, stated the global accounting and […]

Beware the cost consequences of ignoring Cayman Islands arbitration and jurisdiction clauses

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From Solomon Harris Where the terms of a contract set out the method and jurisdiction for resolving disputes arising under it, a party which elects to ignore those restrictions may find themselves paying a severe cost penalty. This was the finding of the Cayman Islands (‘Cayman’) Grand Court (‘Court’), which has ordered a fund (‘Argyle’) […]

Black Friday is dying a slow death

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By Hayley Peterson From Business Insider Black Friday is losing its relevancy to US shoppers. The holiday, which takes place the day after Thanksgiving, has historically been the biggest shopping day of the year in the US. But over the last several years, shopper traffic in stores on Black Friday has been falling with many retailers like Walmart, […]

Accountancy firm looking forward to next round of Caymanian Interns

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Accountancy firm BDO has achieved another successful summer internship; announcing they are already eager for the programme to roll around again next year. The two young apprentices, Danielle Soto, and Teresa Anderson, participated in this year’s summer internship at BDO’s office in Governors Square. Here they were introduced to a wide range of responsibilities; including […]

Buttonwood fraud illustrates pitfalls of international finance

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From OffshoreAlert The collapse of a fraudulent litigation funding group known as Buttonwood Legal Capital, Argentum Litigation and Centaur Litigation illustrates that you can’t rely on anyone but yourself to protect your interests. Investors were swindled out of £97 million by Briton Brendan Terrill, New Zealander Christopher Keats and others using an array of companies […]