Citi appointed depositary for 58.com sponsored ADR programme
NEW YORK–(BUSINESS WIRE)–November 07, 2013– Citi, acting through Citibank N.A., has been appointed by 58.com Inc. (“58.com”), a Cayman Islands registered China based company, as depositary bank for its Level 3 American Depositary Receipt (ADR) programme. 58.com’s ADR programme was…
Judges meet in Cayman to discuss insolvency and other bankruptcy issues
It was a very distinguished group of persons arriving here in Grand Cayman this week. Regional meetings were taking place on Wednesday (6) and Thursday (7) to discuss cross-border insolvency issues, restructuring, insolvency, bankruptcy and similar issues. The distinguished attendees…
Twitter shares jump 73% in market debut
From BBC Shares in the micro-blogging site Twitter closed at $44.90, up more than 73% from their initial price of $26 each. That means after its first day as a public company, Twitter is now valued at a little over…
Obligations for issuers with CISE (the Exchange)
From Ogier By Raulin Amy, Christopher Byrne, Paul Burton, Tim Morgan, Matthew Swan and Michael Lombardi Cayman Islands Stock Exchange – continuing obligations for issuers with listed corporate and sovereign debt securities Continuing Obligations This Client Briefing has been prepared…
Cayman Islands: Fund governance and conflicts of interest survey 2013
Article by John Donohoe, Carne Global Financial Services Limited Why fund governance is more important than ever The topic of fund governance has been rising steadily up the agenda on both sides of the Atlantic in the past few years….
Cuba’s reforms favour foreign investment, create low-wage sponge
By Kevin Edmonds, The Other Side of Paradise From Naia.org For over 50 years the island of Cuba has defiantly stood its ground in the Caribbean, rejecting a capitalist economic model in favor of a system that has served the…
Deutsche Bank appointed as Depositary Bank for Qunar Cayman
Deutsche Bank appointed as Depositary Bank for the sponsored level III NASDAQ-listed American Depositary Receipt Program of Qunar Cayman Islands Limited New York & Hong Kong & Beijing — Deutsche Bank today announced its appointment as depositary bank for the…
Cayman Islands considers public registry of Phantom Firms
From Compliance Alert On 31 October, the UK announced a proposal for a public register of beneficial ownership information, following the results of its public consultation. If implemented, the register conceivably would allow a citizen of any country to access…
Sidley Austin adds investment funds partner
United States funds Hedge Timothy A Spangler has joined Sidley Austin in Los Angeles as a partner and member of Sidley’s global investment funds, advisers and derivatives practice. Spangler brings extensive experience in advising clients on an array of investment…
Qunar shares nearly double in 1st day of trading
From Las Vegas Sun Shares of the Chinese travel industry search website Qunar Cayman Islands Ltd. soared on their first day of trading. The stock rose $13.63 to $28.63 in midday trading Friday after rising as high as $34.99 earlier….
