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…
Appleby says Cayman Islands is the standout offshore jurisdiction
Appleby reports offshore incorporations up 4% in the first half of 2014 Appleby Reports Offshore Incorporation Activity for the first Half of 2014 Publication detail Welcome to the fifth edition of On the Register, an Appleby report that provides data…
Cayman fund numbers slump in Hong Kong
By Andrew Foxwoll From Asian Investor This year has seen a 30% drop in the number of Cayman Islands funds authorised in Hong Kong, as the city grows in popularity as a product domicile ahead of the pending HK-China mutual…
WuXi PharmaTech Cayman : Schedules third-quarter 2014 earnings release
SHANGHAI, Oct. 21, 2014 /PRNewswire/ — WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading open-access R&D capability and technology platform company serving the pharmaceutical, biotechnology and medical device industries, with operations in China and the United States, today announced that…
Chinese Capital Markets: A $98 Trillion Opportunity
By: Ashley Kindergan From The Financialist When it comes to the size of their capital markets, emerging countries have long punched below their economic weight. While they make up 39 percent of global GDP, their share of global equity market…
Data exchange to combat tax evasion seen affecting Hong Kong private banks
By Toh Han Shih From South China Morning Post A reporting standard devised by the OECD and the G20 aimed at unearthing hidden wealth will challenge institutions in the city, analysts say An upcoming international information exchange system will affect…
Buttonwood fraud illustrates pitfalls of international finance
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…
The Maples Group launches in-house environmental committee
The Maples Environmental Committee launched its official “Green Day” on 30 May, with an environmental presentation by the National Trust and eco-friendly goodie bags containing reusable water bottles and a wholesome green apple for each member of staff. Committee members…
Maples and Calder represents the legal profession at Prospect Primary’s Annual Career Day
Each year, Prospect Primary School invites representatives from a variety of local professions to host a booth at their Career Day for students. The day allows students in years 4-6 to have a glimpse into the working world, helping to…
Big US, Arizona companies park money in Bermuda, Cayman Islands, other tax havens
From Phoenex Business Journal Apple puts more money in foreign tax havens than any other major U.S. corporation, according to a new report. Big U.S. and Arizona companies — such as Apple, American Express, JPMorgan Chase & Co. and Intel…
