December 15, 2019

Europe, the U.S. … or the Cayman Islands? Tackling the World’s Fund Barriers

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By Selma Lee Arch In the wake of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, U.S. private equity firms have been subjected to a variety of additional regulation, from Form PF to Securities and Exchange Commission registration. These firms have beefed-up their compliance and legal teams following the entry into force […]

Cayman Islands: Maples and Calder welcomes newly qualified Caymanian lawyer to finance team

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Maples and Calder is pleased to announce another successfully completed articles of clerkship with its firm. On 14 November 2018, before an audience of family, friends and colleagues, Ms. Renee Lindo was admitted as an attorney-at-law in the Cayman Islands by Hon. Justice Williams. A Maples and Calder scholarship recipient, Ms Lindo attended the University […]

Gadget of the week

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Bag Week 2018: The Bitcoin Genesis Block backpack will centralize your belongings By John Biggs From TechCrunch Welcome to Bag Week 2018. Every year your faithful friends at TechCrunch spend an entire week looking at bags. Why? Because bags — often ignored but full of our important electronics — are the outward representations of our […]

OGIER: Cayman-based finance lawyer Mark Santangeli promoted to partner

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Ogier has announced the promotion of Cayman-based finance lawyer, Mark Santangeli, to partner. Named as a leading lawyer by IFLR for successive years, one of his clients describes him as “operating like a top-notch New York lawyer”. Ogier’s global head of banking and finance, Angus Davison, said: “Mark has a formidable reputation in the Cayman […]

Share Intertrust plummets after disappointing figures

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AMSTERDAM – Investors sold Intertrust on Thursday after the trust and advice office in Amsterdam announced disappointing figures. Sales fell slightly, partly due to uncertainty in the Dutch market and a sharp fall in the US dollar. Midkapper Intertrust INTER € 15.98-7.09% went down almost 9% in the morning hours. The fact that the company […]

Foreigners’ financial stake in NZ up 653 pct in 28 years, says lobby group

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By Anne Gibson Property editor, From NZ Herald Foreign entities’ investment in New Zealand rose 653 per cent in the last 28 years, according to a lobby group which opposes overseas businesses and individuals buying assets here. Bill Rosenberg of the Campaign Against Foreign Control of Aotearoa said today that foreigners’ investment had risen steeply […]

No tax haven, but this label can cost Malta untold harm

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By Michael Falzon From Malta Today No anti-Malta stance but a socialist initiative to push for the eventual aim of tax harmonisation across the whole of the EU; this is still on the cards and Wednesday’s vote was just an indication of things to come. The way some Maltese media reported last Wednesday’s vote in […]

Amazon must pay $295 million in back taxes, EU says

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The Associated Press From AJC BRUSSELS Amazon has to pay $295 million in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states. Margrethe Vestager, the EU official in charge of antitrust issues, also […]

Estera extends global reach into Luxembourg with acquisition of Headstart

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Leading global fiduciary and administration services provider, Estera, has announced the acquisition of Headstart S.à.r.l, a specialist corporate and trust services business in Luxembourg. The transaction paves the way for Estera’s expansion into Luxembourg, one of world’s most important jurisdictions for funds and corporate services, whilst also broadening the company’s offering in corporate, fund and […]

Luxembourg lurks in dark as regulators light up shadow banking

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By John Glover and Donal Griffin From Bloomberg Grand duchy didn’t share non-bank monitoring data with FSB Shadow banking surges to 69% of GDP of biggest countries: FSB Luxembourg, the home of European Commission President Jean-Claude Juncker and of the European Union’s biggest fund industry, remains in the shadows. The grand duchy didn’t contribute to […]