How Perenna Kei became world’s youngest billionaire
From Want China Times Twenty-four-year-old Perenna Kei obtained shares of her family businesses through multiple companies registered in the Cayman Islands and Guernsey, which helped her surpass Facebook co-founder Dustin Moskovitz as the world’s youngest billionaire last year, China’s state…
Collas Crill expands into Cayman legal market
By Michael Washburn From IFLR1000 Collas Crill, a law firm that derived from the merger in April 2011 of Collas Day in Guernsey and Crill Canavan in Jersey, has announced plans for a merger with Cayman Islands law firm Charles…
International recognition for Carey Olsen’s funds team in the Cayman Islands
International offshore law firm Carey Olsen has been awarded Investment Funds Law Firm of the Year in the Cayman Islands in the 2015 Corporate International Legal Awards. Running since 2008, the awards are a result of in-depth independent research scrutinised…
MiFID 2: implications for BVI, Cayman Islands, Guernsey and Jersey (and other third country) firms
9 October 2014 From Carey Olsen INTRODUCTION The Markets in Financial Instruments Directive (MiFID) is a European Union law that aims to harmonise the regulation of investment services across the member states of the European Economic Area and came into…
Legal 500 UK heralds Carey Olsen as the number one Channel Islands legal adviser
The new release of the Legal 500 UK, the leading industry report that grades law firms across the UK, has ranked Carey Olsen in tier one across all of its 16 practice categories in the Channel Islands, making it the…
iNews Briefs
Cayman Islands customs to inspect outgoing packages The Cayman Islands Customs will now be inspecting all packages being sent from the Cayman Islands to overseas using shipping agencies. The reason for this is help decrease the growing problem of stolen…
Sure to acquire Jersey Data Centre and Cloud Services provider Foreshore
Sure, the Channel Islands communications provider is pleased to announce that Sure (Jersey) Limited is set to acquire 100% of the shareholding in Foreshore, the pioneering data centre and cloud services provider. The acquisition is taking place for an undisclosed…
Offshore market focuses on technology as turnover rises
By Joanne Harris from The Lawyer The offshore legal market had a solid 2013, with several firms reporting double-digit increases in turnover and a pronounced pick-up in activity levels. Research conducted for The Lawyer’s annual survey of the 30 biggest…
Butterfield receives three Citywealth Financial Centre awards
By James Qualtrough From Guernsey isle News Butterfield (comprising Bermuda-based The Bank of N.T. Butterfield & Son Limited and its international subsidiaries) has received three Financial Centre Awards from Citywealth, the UK-based publisher of wealth-management industry news and directories. Butterfield…
iNews Briefs
Former Tempura boss files criminal complaint Martin Bridger, the former senior investigator in Operation Tempura has filed a criminal complaint with Cayman Islands Police Commissioner David Baines against Attorney General Samuel Bulgin, former Governor Stuart Jack and the U.K.’s Foreign…
