Mourant Ozannes rehires Appleby Guernsey corporate head
By Alex Newman Offshore firm Mourant Ozannes has re-hired Appleby corporate and commercial practice head Barney Lee in Guernsey. Lee, who spent five years in Mourant Ozannes’ Guernsey office prior to joining Appleby in 2010, specialises in investment funds, finance…
Shawbrook Bank takes on offshore and trusts
From Mortgage Introducer Shawbrook Bank’s commercial lending team has extended its proposition to consider funding applications from offshore companies and trusts following feedback from its network of brokers. Shawbrook has taken on offshore and trusts – 19 April, 2013 Offshore…
Style Network announces a Reality Series for Cayman’s Selita Ebanks
From Vibe Vixen Selita Ebanks is ready to show fans that she’s more than just a pretty face. The 30-year-old supermodel will star in Selita, a docuseries for Style Network. According to Variety, the show will follow the Cayman Islands…
Govt to settle out-of-court with Vodafone?
Nagendar Sharma and Gaurav Choudhury, Hindustan Times The government has sought the views of its top law officer — the Attorney General — on the legal viability of hammering out an out-of-court settlement with British telecom giant Vodafone on its…
Austrians favour lifting of banking secrecy rules
From Oman Tribune VIENNA: Austrians disagree with their government over the need to maintain the country’s banking secrecy, according to polls published on Saturday which showed a majority in favour of lifting the controversial measure. A Gallup poll for the…
Chancellor warns British tax havens to comply with international tax laws or lose Crown dependency status
By Alex Brummer This Is Money British Crown dependencies, such as the Cayman Islands and British Virgin Islands, are in line for a tax clampdown. Finance ministers from the Group of 20 advanced and emerging market countries have urged the…
Cayman Islands: Cayman introduces Portfolio Insurance Companies
19 April 2013 Article by Wendy Lee HARNEYS The Cayman Islands Legislative Assembly recently passed an amendment to the Insurance Law (the “Amendment”) permitting certain insurers formed as segregated portfolio companies (“SPCs”) to register portfolio insurance companies (“PICs”). As of…
Tax havens should be emulated, not persecuted
By Daniel J. Mitchell, senior fellow, Cato Institute – 04/19/13 10:45 AM ET From The Hill When the financial crisis hit, politicians from high-tax nations didn’t let the crisis go to waste. Acting through the G-20, they launched an attack…
Hungary residency bond to be sold by Cayman Islands-registered company
From Portfolio.hu Every legal condition is given to start selling Hungarian residency bonds in China and Vietnam and the first to have the access to these debt instruments will be non EU citizens living in Hungary, local daily Magyar Nemzet…
Note to Tourists in the Caribbean: Quit Waking Up the Stingrays
From News Gather In the warm, turquoise waters of the Caribbean, Stingray City is a place where thousands of tourists come to commune with graceful stingrays in the Cayman Islands. While the economy in many of the world’s countries is…
