January 23, 2021

TPG’s past dealings with Myer offer some insight into Fairfax offer [Cayman Islands involved]

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By Ian Verrender From ABC Net News Au Fairfax Media publishes some of the nation’s most recognisable mastheads Whenever unabashed greed and large sums of money collide, controversy is sure to follow. In the secretive world of private equity funds, specialist takeover vehicles that grew out of the 1990s recession and reached their zenith in […]

Chinese company buys island in Australia’s Great Barrier Reef

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From Wn.com The Shanghai-based China Capital Investment Group has bought an island at the heart of the Great Barrier Reef in Queensland, Australia, for about A$25 million ($19.21 million), China Daily reports. The South Molle island in Whitsundays had been put up for sale by owner Craig Ross in April, Fairfax Media reported on Wednesday. […]

WICB retains noted lawyer as ‘advisor’ on Caricom proposal

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CASTRIES, St Lucia (CMC) – In the clearest sign yet it intends to resist the recommendations of Caricom’s Governance Review Panel, the West Indies Cricket Board says it has retained the services of Dominican lawyer Anthony Astaphan. During its regular quarterly Directors meeting in Rodney Bay here Saturday, the WICB announced that Astaphan would serve […]

$10m for equine flu court battle goes missing [involving 2 companies based in Cayman]

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By Ben Butler From Sydney Morning Herald Bolted: Money invested to fight an equine influenza court case is subject to a major probe. More than $10 million invested in litigation funder Centaur Litigation has gone missing, according to documents seen by Fairfax Media. Centaur, based in tax haven the Cayman Islands, is the ultimate funder […]

Big bills and tax havens: The business of immigration detention

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By Ben Butler and Georgia Wilkins from The Sydney Morning Herald The sacked operator of a controversial immigration detention centre at Manus Island, G4S, paid no Australian tax in 2012, Fairfax Media has learnt. Financial reports filed with the corporate regulator show the ATO in fact paid G4S a cash refund of $2.2 million. In […]

Dale Begg-Smith, our [Australia’s] international man of mystery?

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By Andrew Webster Chief Sports Writer, The Sydney Morning Herald Should Dale Begg-Smith win gold in the men’s moguls, will the nation back home stand in its slippers on Tuesday morning, with a lump in its throat as the national anthem plays and the Australian flag is raised? Begg-Smith is Canadian-born. He lives in the […]