EU concerned about challenges to small island states
From Jamaica Observer BRIDGETOWN, Barbados (CMC) – The European Union is has expressed concern about challenges and threats facing the sustainable development of Small Island Developing States (SIDS). In a message to mark World Environment Day last Thursday (5), Head…
Cayman Islands and Luxembourg funds: Options and considerations for managers
From Opalesque Opalesque Industry Update – The structure and domiciliation of a fund vehicle are integral to the set up of a fund from multiple perspectives. Tax, investment strategy, investor base, cost and speed of set up, regulatory environment, and…
Gibraltar: The new Cayman for European funds
By James Lasry From Hassans The Alternative Investment Funds Managers Directive (“AIFMD” and / or the “Directive”) has dichotomised the funds industry into EU and non-EU funds jurisdictions. This has put Gibraltar which was one of a dozen such domiciles…
Criminal prosecution of corporations: more likely and much harsher
From Taylor Wessing After much anticipation, it has been announced that deferred prosecution agreements (DPAs) will become available in the UK from 24 February 2014. The SFO, inspired by the extensive and successful use of DPAs by American regulators, is…
Global tax standard attracts 42 countries
By Vanessa Houlder From Financial Times The Cayman Islands, Luxembourg and Jersey are among 42 countries that have agreed to pioneer a tax transparency regime in another milestone in the global crackdown on evasion. The Paris-based OECD described the plan…
A bionic arm and a nerve implant give one amputee a sense of touch
By Chris Velazco From engadget Nothing can quite undo the trauma of losing a limb, but a team of EU researchers has been trying to help by bringing sense to senseless prostheses. They’re doing pretty well at it too: they…
Chikungunya in the Caribbean: 247 new cases reported last week of January
From Global Dispatch The chikungunya outbreak in the Caribbean has grown by another 247 cases during the last week of January, according to the latest data from the European Centre for Disease Control and Prevention (ECDC) released Feb. 3: “Chikungunya…
Cayman Islands: Managers need to take a multi-adviser approach
Article by Matt Mulry Dillon Eustace Although the AIFM Directive is uniform EU-wide regulation each member state is likely to adjust its national private placement regime rules idiosyncratically. For managers of non-EU funds, therefore, it’s important that they are clear…
Should company benefactors be public knowledge?
By Richard Addlestone, Solomon Harris In response to the push towards greater global transparency on beneficial ownership, the UK has proposed a public register of ownership interests in companies, which could be searched by anyone, anywhere in the world. It…
Selling Caribbean Citizenship
By David Jessop From Guyanese Online News Americas, LONDON, England: Governments in North America and Europe are beginning to look more closely at citizenship for investment schemes, after a small but growing number of incidents have raised concerns about who…
