US D.C. Circuit deals blow to big tobacco
By C. Ryan Barber, From The National Law Journal Decision lifts injunction on the FDA’s use of Committee’s Menthol Report Almost two years ago, the U.S. Food and Drug Administration’s ability to use a controversial report on menthol cigarettes nearly disappeared…
Private Equity and Hedge Funds saw global AUM hit $7.4 trillion
By Jillian Yue From China Money Network The global alternative assets fund managers hold a record US$7.4 trillion in combined assets under management (AUM) in 2015, up from US$6.9 billion in the prior year, according to a new report issued…
Bahamian banks in correspondent hit
By NEIL HARTNELLFrom Tribune 242 Bahamian financial institutions are facing “heightened due diligence” from their correspondent banks, with some revealing this has negatively impacted their operations in areas such as remittance services. Abhilash Bhachech, the Central Bank’s inspector of banks…
Treatment of ex-mormons and gays spurs complaint against BYU
By Karen Sloan, From The National Law Journal Brigham Young University has been hit with a complaint claiming that the law school’s expulsion of ex-Mormons violates the American Bar Association’s nondiscrimination rules. A group of university alumni called FreeBYU filed the…
Cayman Islands says Microsoft co-founder Paul Allen destroyed coral reef with his 95-metre superyacht
By Aileen Donnelly From National Post Microsoft billionaire and philanthropist Paul Allen is shirking blame for the destruction of almost 1,300 square metres of coral reef, which the Cayman Islands says was caused by his 95-metre superyacht. The Cayman Islands’…
Cayman Islands attends CTM
Grand Cayman, Cayman Islands, 22 January 2016 The Cayman Islands Minister of Tourism the Hon. Moses Kirkconnell, Chief Officer Ministry of Tourism, Stran Bodden, and the Cayman Islands Director of Tourism, Rosa Harris, along with Deputy Director of Tourism, Oneisha…
Cayman Islands: Open-Ended Funds to Lock-Up Funds – Are Fund Managers changing focus?
By Ashley Gunning and Bicrom Das Walkers From Mondaq Associate Bicrom Das takes a look at a ‘paradigm expansion’ of open-ended fund managers sharpening their focus onto lock-up funds. The Cayman Islands have traditionally been most closely associated with open-ended…
GC of Bikram Yoga wins $7.3 million in sexual harassment case
By Stephanie Forshee From Corporate Counsel The former general counsel of Bikram Yoga won millions of dollars in punitive damages on Tuesday in a sexual harassment lawsuit against the company’s founder, Bikram Choudhury. A state court jury in Los Angeles awarded the…
HSM congratulates HSM Senior Counsel, Robin McMillan on his appointment as a judge of the Cayman Islands Grand Court
The HSM Group is pleased to congratulate Robin McMillan, Senior Counsel of HSM Chambers, on his recent appointment as a Judge of the Grand Court of the Cayman Islands. With a career extending over 40 years, Robin has already made…
