Cayman Islands: Butterfield Reports First Quarter Profit
Q1 2016 core earnings(1) of $36.0 million, up $7.0 million (24.1%) over Q1 2015 Q1 2016 net income of $26.8 million, down $1.2 million (4.3%) over Q1 2015(3) Core cash earnings per share of $0.07, up $0.02 from $0.05 in…
Cayman Islands: Ogier named Best Offshore Law Firm in the Hedgeweek Awards 2016
Ogier has been named Best Offshore Law Firm in this year’s Hedgeweek Awards. The award is the result of a vote by readers of Hedgeweek across North America, Europe and Asia-Pacific – including institutional and high net worth investors as…
Butterfield Bank reports increased earnings
Butterfield Reports 2015 Full Year Results 2015 core earnings(1) of $113.9 million, up $7.5 million (7.1%) over 2014 2015 net income of $77.7 million, down $30.5 million (28.1%) over 2014(3) · Core cash return on average tangible common equity improves…
Appleby: Number of IPOs reaches 5-Year High
From Bernews There were more than 200 offshore initial public offerings [IPOs] announced or completed in 2015, with the majority of those businesses coming from the Cayman Islands, according to data compiled by leading offshore law firm Appleby. The firm…
Ogier advises Zedra on acquisition of Barclays’ Offshore Trust and Fiduciary Businesses
From Ogier Ogier has advised an independent investor group led by the Sarikhani and Nielsen families on their acquisition of Barclays Bank plc’s offshore trust and fiduciary businesses in Cayman, Guernsey, Jersey, Isle of Man, Singapore and Switzerland. Those businesses,…
Common Reporting Standards come into effect for many offshore funds on January 1, 2016
By Ropes & Gray LLP From Lexology Cayman Islands, OECD December 28 2015 On January 1, 2016, the new standard for automatic exchange of information between tax authorities developed by the OECD (the “Common Reporting Standard”) becomes effective in the Cayman…
Carey Olsen opens Singapore office
Three years after the successful launch of its Cayman Islands’ office, leading offshore law firm, Carey Olsen, has opened its Singapore office following the granting of its licence by the Attorney-General’s Chambers. Carey Olsen Cayman managing partner, Jarrod Farley, said…
Channel Islands: Grant Thornton and Ogier successfully apply to the Courts for innovative pooling application in Huelin-Renouf liquidation
By James Qualtrough From Isle News In a case which marked a significant step in developing cross-Bailiwick restructuring law, Ogier has acted for the joint liquidators of Huelin Renouf Shipping Limited and Huelin-Renouf (Guernsey) Limited. The resulting decision regarding the…
Ogier is named International Legal Team of the Year by STEP
Ogier has been named International Legal Team of the Year by STEP in the tenth annual STEP Private Client Awards. Ogier’s Trust Advisory Group were there to receive the award at a London ceremony last night. The Presiding Judges commented:…
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Private school plays host to Cayman Islands international cricket team for a day
Douglas Patient, Reporter, covering Wanstead and Woodford. From Guardian A private school played host to an international cricket team, with a former pupil part of the squad, this weekend. The Cayman Islands cricket team spent the day training at Forest…
